B & B TRUCKING, INC. 401(K) PLAN
Plan Contact
- Address: 6147 TECHNOLOGY AVENUE,KALAMAZOO,MI
- Contact person: BILL VAN DYK
- Phone: (269) 544-4361
Plan General Information
B & B TRUCKING, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of B & B TRUCKING, INC. 401(K) PLAN is $6,233,190.00.This plan was established in 1994.
B & B TRUCKING, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in B & B TRUCKING, INC. 401(K) PLAN is 570
B & B TRUCKING, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for B & B TRUCKING, INC. 401(K) PLAN is $10,935.00
B & B TRUCKING, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for B & B TRUCKING, INC. 401(K) PLAN is $942.00.
B & B TRUCKING, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in B & B TRUCKING, INC. 401(K) PLAN is approximately $187.00
Investing in this additonal $187.00 for 20 years would give you extra $11,993.00, assuming a 10% annual return.
Investing in this additonal $187.00 for 20 years would give you extra $11,993.00, assuming a 10% annual return.
B & B TRUCKING, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, B & B TRUCKING, INC. 401(K) PLAN allocates $106,816.00 to match its employees' contributions, providing an employer match rate of 19.15% of their contributions
B & B TRUCKING, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of B & B TRUCKING, INC. 401(K) PLAN is 6.77%.
B & B TRUCKING, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for B & B TRUCKING, INC. 401(K) PLAN is 12.77%. This measures the effectiveness of the plan participants' investments in the year.
B & B TRUCKING, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of B & B TRUCKING, INC. 401(K) PLAN is 0.24%.
Enrollment Features
B & B TRUCKING, INC. 401(K) 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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