PARKWAY FAMILY RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of PARKWAY FAMILY RETIREMENT SAVINGS PLAN is $3,014,767.This plan was established in 2019.

At the end of 2022, the total number of retirement plan participants in PARKWAY FAMILY RETIREMENT SAVINGS PLAN is 295

In 2022, the average participant retirement account value for PARKWAY FAMILY RETIREMENT SAVINGS PLAN is $10,219

In 2022, the estimated average employee contribution amount per participant for PARKWAY FAMILY RETIREMENT SAVINGS PLAN is $3,671

In 2022, the estimated average employer match for an employee in PARKWAY FAMILY RETIREMENT SAVINGS PLAN is approximately $338

In 2022, PARKWAY FAMILY RETIREMENT SAVINGS PLAN allocates $100,000 to match its employees’ contributions, providing an employer match rate of 9.80% of their contributions

In 2022, the total retirement plan asset growth rate of PARKWAY FAMILY RETIREMENT SAVINGS PLAN is 18.12%

In 2022, the estimated aggregate retirement account investment gain/loss for PARKWAY FAMILY RETIREMENT SAVINGS PLAN is -14.61%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PARKWAY FAMILY RETIREMENT SAVINGS PLAN is 1.11%.

Enrollment Features

PARKWAY FAMILY RETIREMENT SAVINGS PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.