BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN
Plan Contact
- Address: 3401 W 41ST ST,SIOUX FALLS,SD
- Contact person: PER OSTREM
- Phone: (605) 679-3689
Plan General Information
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is $62,733,943.00.This plan was established in 1970.
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is 1375
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is $45,624.00
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is $2,855.00.
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is approximately $961.00
Investing in this additonal $961.00 for 20 years would give you extra $61,567.00, assuming a 10% annual return.
Investing in this additonal $961.00 for 20 years would give you extra $61,567.00, assuming a 10% annual return.
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Total Employer Contribution and Match Rate
In 2023, BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN allocates $1,322,747.00 to match its employees' contributions, providing an employer match rate of 34.10% of their contributions
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is 18.42%.
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is 18.43%. This measures the effectiveness of the plan participants' investments in the year.
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN Expense Ratio
In 2023, the investment and administrative expense ratio of BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN is 0.31%.
Enrollment Features
BILLION MOTORS, INC. SALARY DEFERRAL 401K PLN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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