ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST

Plan Contact

  • Address: 215 EAST SIXTH STREET,NEWPORT,KY
  • Contact person: KENNETH ARLINGHAUS
  • Phone: (859) 431-4519

Plan General Information

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is $29,724,995.00.This plan was established in 1991.

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is 232

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is $128,124.00

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is $4,484.00.

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is approximately $6,850.00
Investing in this additonal $6,850.00 for 20 years would give you extra $438,417.00, assuming a 10% annual return.

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Employer Contribution and Match Rate

In 2023, ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST allocates $1,589,262.00 to match its employees' contributions, providing an employer match rate of 157.86% of their contributions

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is 17.59%.

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is 15.34%. This measures the effectiveness of the plan participants' investments in the year.

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST Expense Ratio

In 2023, the investment and administrative expense ratio of ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST is 0.47%.

Enrollment Features

ART'S RENTAL EQUIPMENT, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST 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.


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