FORMULA FORD, INC. 401(K) PLAN
Plan Contact
- Address: 390 PRIM ROAD,COLCHESTER,VT
- Phone: (802) 863-1148
Plan General Information
FORMULA FORD, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of FORMULA FORD, INC. 401(K) PLAN is $4,227,036.00.This plan was established in 1996.
FORMULA FORD, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in FORMULA FORD, INC. 401(K) PLAN is 104
FORMULA FORD, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for FORMULA FORD, INC. 401(K) PLAN is $40,644.00
FORMULA FORD, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for FORMULA FORD, INC. 401(K) PLAN is $1,791.00.
FORMULA FORD, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in FORMULA FORD, INC. 401(K) PLAN is approximately $386.00
Investing in this additonal $386.00 for 20 years would give you extra $24,766.00, assuming a 10% annual return.
Investing in this additonal $386.00 for 20 years would give you extra $24,766.00, assuming a 10% annual return.
FORMULA FORD, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, FORMULA FORD, INC. 401(K) PLAN allocates $40,245.00 to match its employees' contributions, providing an employer match rate of 19.29% of their contributions
FORMULA FORD, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of FORMULA FORD, INC. 401(K) PLAN is -24.96%.
FORMULA FORD, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for FORMULA FORD, INC. 401(K) PLAN is -15.83%. This measures the effectiveness of the plan participants' investments in the year.
FORMULA FORD, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of FORMULA FORD, INC. 401(K) PLAN is 1.01%.
Enrollment Features
FORMULA FORD, INC. 401(K) 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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