HERC RENTALS INCOME SAVINGS PLAN

Plan Contact

  • Address: 27500 RIVERVIEW CENTER BLVD,,BONITA SPRINGS,FL
  • Contact person: LANA AMBROSE
  • Phone: (239) 301-1002

Plan General Information

HERC RENTALS INCOME SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of HERC RENTALS INCOME SAVINGS PLAN is $400,137,452.00.This plan was established in 2016.

HERC RENTALS INCOME SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in HERC RENTALS INCOME SAVINGS PLAN is 6640

HERC RENTALS INCOME SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for HERC RENTALS INCOME SAVINGS PLAN is $60,261.00

HERC RENTALS INCOME SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for HERC RENTALS INCOME SAVINGS PLAN is $5,260.00.

HERC RENTALS INCOME SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in HERC RENTALS INCOME SAVINGS PLAN is approximately $2,735.00
Investing in this additonal $2,735.00 for 20 years would give you extra $175,057.00, assuming a 10% annual return.

HERC RENTALS INCOME SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, HERC RENTALS INCOME SAVINGS PLAN allocates $18,162,216.00 to match its employees' contributions, providing an employer match rate of 60.03% of their contributions

HERC RENTALS INCOME SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of HERC RENTALS INCOME SAVINGS PLAN is 29.79%.

HERC RENTALS INCOME SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for HERC RENTALS INCOME SAVINGS PLAN is 18.91%. This measures the effectiveness of the plan participants' investments in the year.

HERC RENTALS INCOME SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of HERC RENTALS INCOME SAVINGS PLAN is 0.02%.

Enrollment Features

HERC RENTALS INCOME 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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