ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN
Plan Contact
- Address: 4401 COLWICK RD.,CHARLOTTE,NC
- Contact person: RONALD BISTOLFO
- Phone: (704) 566-2400
Plan General Information
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is $38,553,290.00.This plan was established in 2014.
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is 2024
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is $19,048.00
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is $6,033.00.
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is approximately $2,088.00
Investing in this additonal $2,088.00 for 20 years would give you extra $133,680.00, assuming a 10% annual return.
Investing in this additonal $2,088.00 for 20 years would give you extra $133,680.00, assuming a 10% annual return.
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN allocates $4,227,653.00 to match its employees' contributions, providing an employer match rate of 69.24% of their contributions
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is 73.77%.
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is 29.36%. This measures the effectiveness of the plan participants' investments in the year.
ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ECHOPARK AUTOMOTIVE, INC. 401(K) PLAN is 0.30%.
Enrollment Features
ECHOPARK AUTOMOTIVE, INC. 401(K) 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.
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