THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT
Plan Contact
- Address: 2401 PINSON VALLEY PARKWAY,BIRMINGHAM,AL
- Contact person: HEATHER BASS
- Phone: (205) 849-4307
Plan General Information
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is $237,291,684.00.This plan was established in 1976.
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is 1837
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is $129,173.00
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is $5,745.00.
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is approximately $4,214.00
Investing in this additonal $4,214.00 for 20 years would give you extra $269,740.00, assuming a 10% annual return.
Investing in this additonal $4,214.00 for 20 years would give you extra $269,740.00, assuming a 10% annual return.
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Total Employer Contribution and Match Rate
In 2023, THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT allocates $7,742,389.00 to match its employees' contributions, providing an employer match rate of 80.60% of their contributions
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is 16.72%.
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is 15.56%. This measures the effectiveness of the plan participants' investments in the year.
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT Expense Ratio
In 2023, the investment and administrative expense ratio of THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT is 0.10%.
Enrollment Features
THOMPSON TRACTOR CO., INC. PROFIT SHARING PLAN AND TRUST AGREEMENT 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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