DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN
Plan Contact
- Contact person: MARY BUIKEMA
- Phone: (815) 589-2211
Plan General Information
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2007, the total retirement plan assets of DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is $18,936,239.00.This plan was established in 1979.
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2007, the total number of retirement plan participants in DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is 401
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2007, the average participant retirement account value for DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is $47,222.00
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2007, the estimated average employee contribution amount per participant for DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is $4,795.00.
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2007, the estimated average employer match for an employee in DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is approximately $1,024.00
Investing in this additonal $1,024.00 for 20 years would give you extra $65,559.00, assuming a 10% annual return.
Investing in this additonal $1,024.00 for 20 years would give you extra $65,559.00, assuming a 10% annual return.
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2007, DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN allocates $410,769.00 to match its employees' contributions, providing an employer match rate of 42.72% of their contributions
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2007, the total retirement plan asset growth rate of DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is 9.00%.
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2007, the estimated aggregate retirement account investment gain/loss for DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is 7.17%. This measures the effectiveness of the plan participants' investments in the year.
DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN Expense Ratio
In 2007, the investment and administrative expense ratio of DRIVES-INCORPORATED RETIREMENT SAVINGS PLAN is 0.56%.
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