BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 28 GRAND AVENUE,ENGLEWOOD,NJ
- Contact person: JAMELLE CHAMBERSSILAS
- Phone: (201) 567-1400
Plan General Information
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is $31,743,189.00.This plan was established in 1990.
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is 328
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is $96,778.00
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is $6,465.00.
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is approximately $714.00
Investing in this additonal $714.00 for 20 years would give you extra $45,752.00, assuming a 10% annual return.
Investing in this additonal $714.00 for 20 years would give you extra $45,752.00, assuming a 10% annual return.
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN allocates $234,479.00 to match its employees' contributions, providing an employer match rate of 11.11% of their contributions
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is 23.68%.
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is 18.55%. This measures the effectiveness of the plan participants' investments in the year.
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN is 0.37%.
Enrollment Features
BLACKSMITH AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN 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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