BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN
Plan Contact
- Address: 1805 ZENITH DRIVE,SIOUX CITY,IA
- Contact person: TORREY WINGERT
- Phone: (712) 226-5000
Plan General Information
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is $45,114,239.00.This plan was established in 1961.
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is 1936
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is $23,302.00
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is $1,930.00.
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is approximately $1,028.00
Investing in this additonal $1,028.00 for 20 years would give you extra $65,830.00, assuming a 10% annual return.
Investing in this additonal $1,028.00 for 20 years would give you extra $65,830.00, assuming a 10% annual return.
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN allocates $1,991,373.00 to match its employees' contributions, providing an employer match rate of 63.25% of their contributions
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is 70.39%.
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is 15.16%. This measures the effectiveness of the plan participants' investments in the year.
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS PLAN is 0.28%.
Enrollment Features
BOMGAARS SUPPLY, INC. PROFIT SHARING AND SAVINGS 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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