ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN
Plan Contact
- Address: 1050 GRAND BLVD.,DEER PARK,NY
- Contact person: DANIELLE MURRELL
- Phone: (631) 841-3333
Plan General Information
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is $4,010,302.00.This plan was established in 2007.
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is 235
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is $17,065.00
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is $1,400.00.
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is approximately $143.00
Investing in this additonal $143.00 for 20 years would give you extra $9,189.00, assuming a 10% annual return.
Investing in this additonal $143.00 for 20 years would give you extra $9,189.00, assuming a 10% annual return.
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN allocates $33,743.00 to match its employees' contributions, providing an employer match rate of 12.20% of their contributions
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is -35.26%.
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is 14.61%. This measures the effectiveness of the plan participants' investments in the year.
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN is 0.35%.
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