MERIT AUTO GROUP SAVINGS INCENTIVE PLAN
Plan Contact
- Address: 9400 BROADWAY EXT, SUITE 700,OKLAHOMA CITY,OK
- Contact person: ASHLEY MCCLAIN
- Phone: (405) 838-1537
Plan General Information
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is $1,316,049.00.This plan was established in 2006.
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is 109
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is $12,073.00
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is $889.00.
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is approximately $1,122.00
Investing in this additonal $1,122.00 for 20 years would give you extra $71,829.00, assuming a 10% annual return.
Investing in this additonal $1,122.00 for 20 years would give you extra $71,829.00, assuming a 10% annual return.
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Total Employer Contribution and Match Rate
In 2023, MERIT AUTO GROUP SAVINGS INCENTIVE PLAN allocates $122,335.00 to match its employees' contributions, providing an employer match rate of 97.53% of their contributions
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is -12.79%.
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is -16.68%. This measures the effectiveness of the plan participants' investments in the year.
MERIT AUTO GROUP SAVINGS INCENTIVE PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MERIT AUTO GROUP SAVINGS INCENTIVE PLAN is 0.14%.
Enrollment Features
MERIT AUTO GROUP SAVINGS INCENTIVE 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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