GIVE EM A BRAKE SAFETY 401(K) PLAN

Plan Contact

  • Address: 2610 SANFORD AVENUE,GRANDVILLE,MI
  • Contact person: TANYA JOHNSON
  • Phone: (616) 531-8705

Plan General Information

GIVE EM A BRAKE SAFETY 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of GIVE EM A BRAKE SAFETY 401(K) PLAN is $6,543,033.00.This plan was established in 2016.

GIVE EM A BRAKE SAFETY 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in GIVE EM A BRAKE SAFETY 401(K) PLAN is 200

GIVE EM A BRAKE SAFETY 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for GIVE EM A BRAKE SAFETY 401(K) PLAN is $32,715.00

GIVE EM A BRAKE SAFETY 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for GIVE EM A BRAKE SAFETY 401(K) PLAN is $2,496.00.

GIVE EM A BRAKE SAFETY 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in GIVE EM A BRAKE SAFETY 401(K) PLAN is approximately $1,801.00
Investing in this additonal $1,801.00 for 20 years would give you extra $115,272.00, assuming a 10% annual return.

GIVE EM A BRAKE SAFETY 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, GIVE EM A BRAKE SAFETY 401(K) PLAN allocates $360,228.00 to match its employees' contributions, providing an employer match rate of 75.74% of their contributions

GIVE EM A BRAKE SAFETY 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of GIVE EM A BRAKE SAFETY 401(K) PLAN is 34.22%.

GIVE EM A BRAKE SAFETY 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for GIVE EM A BRAKE SAFETY 401(K) PLAN is 17.31%. This measures the effectiveness of the plan participants' investments in the year.

GIVE EM A BRAKE SAFETY 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of GIVE EM A BRAKE SAFETY 401(K) PLAN is 0.47%.

Enrollment Features

GIVE EM A BRAKE SAFETY 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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