FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan Contact
- Address: PO BOX 85030,SEATTLE,WA
- Contact person: SHIRLEY HORNER
- Phone: (206) 634-8247
Plan General Information
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $13,421,705.00.This plan was established in 1993.
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 306
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $43,861.00
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $4,467.00.
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is approximately $530.00
Investing in this additonal $530.00 for 20 years would give you extra $33,983.00, assuming a 10% annual return.
Investing in this additonal $530.00 for 20 years would give you extra $33,983.00, assuming a 10% annual return.
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST allocates $162,483.00 to match its employees' contributions, providing an employer match rate of 12.61% of their contributions
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 28.99%.
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 18.10%. This measures the effectiveness of the plan participants' investments in the year.
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 0.53%.
Enrollment Features
FREEWAY MOTORS, INC. 401(K) PROFIT SHARING PLAN AND 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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