BEST CHEVROLET, INC. 401(K) PLAN

Plan Contact

  • Address: 128 DERBY ST.,HINGHAM,MA
  • Phone: (781) 749-1950

Plan General Information

BEST CHEVROLET, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of BEST CHEVROLET, INC. 401(K) PLAN is $7,392,068.00.This plan was established in 1966.

BEST CHEVROLET, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in BEST CHEVROLET, INC. 401(K) PLAN is 183

BEST CHEVROLET, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for BEST CHEVROLET, INC. 401(K) PLAN is $40,393.00

BEST CHEVROLET, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for BEST CHEVROLET, INC. 401(K) PLAN is $2,789.00.

BEST CHEVROLET, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in BEST CHEVROLET, INC. 401(K) PLAN is approximately $616.00
Investing in this additonal $616.00 for 20 years would give you extra $39,429.00, assuming a 10% annual return.

BEST CHEVROLET, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, BEST CHEVROLET, INC. 401(K) PLAN allocates $112,743.00 to match its employees' contributions, providing an employer match rate of 19.81% of their contributions

BEST CHEVROLET, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of BEST CHEVROLET, INC. 401(K) PLAN is 3.69%.

BEST CHEVROLET, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for BEST CHEVROLET, INC. 401(K) PLAN is 16.77%. This measures the effectiveness of the plan participants' investments in the year.

BEST CHEVROLET, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of BEST CHEVROLET, INC. 401(K) PLAN is 0.45%.

Enrollment Features

BEST CHEVROLET, INC. 401(K) 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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