PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN
Plan Contact
- Address: 1205 MOTOR CITY DRIVE,COLORADO SPRINGS,CO
- Contact person: HEIDI KANNMACHER
- Phone: (719) 475-2330
Plan General Information
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is $4,252,576.00.This plan was established in 1974.
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is 189
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is $22,500.00
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is $2,287.00.
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is approximately $607.00
Investing in this additonal $607.00 for 20 years would give you extra $38,893.00, assuming a 10% annual return.
Investing in this additonal $607.00 for 20 years would give you extra $38,893.00, assuming a 10% annual return.
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN allocates $114,857.00 to match its employees' contributions, providing an employer match rate of 28.28% of their contributions
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is 5.40%.
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is 0.84%. This measures the effectiveness of the plan participants' investments in the year.
PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN is 0.74%.
Enrollment Features
PERKINS MOTOR COMPANY, INC. PROFIT SHARING 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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