The average annualized contributions to an account is calculated at the fund level.
If the fund is less than 12 months old, then the average annualized contributions are just the total contributions to the fund.
If the fund is 13 months or more, Daffy calculates the average monthly contributions to the fund, and then multiplies by 12 to annualize that number.
As an example, this member opened their account 20 months ago and has since made total contributions of $120,000. Therefore, their average monthly contributions is $6,000 and average annualized contribution is $72,000. This places them in the Benefactor tier.
Age of Fund | 20 months |
Total Contributions | $120,000.00 |
Average Monthly Contributions | $6,000.00 |
Average Annualized Contributions | $72,000.00 (Benefactor) |
Daffy members can track their average annualized contributions at any time in their Settings under Membership.