HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN
Plan Contact
- Address: 10605 CENTRAL AVE NW,ALBUQUERQUE,NM
- Contact person: ANGELA LUSSIER
- Phone: (505) 877-4560
Plan General Information
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is $3,749,556.00.This plan was established in 1993.
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is 201
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is $18,654.00
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is $1,038.00.
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is approximately $150.00
Investing in this additonal $150.00 for 20 years would give you extra $9,628.00, assuming a 10% annual return.
Investing in this additonal $150.00 for 20 years would give you extra $9,628.00, assuming a 10% annual return.
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN allocates $30,238.00 to match its employees' contributions, providing an employer match rate of 13.84% of their contributions
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is 17.65%.
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is 15.91%. This measures the effectiveness of the plan participants' investments in the year.
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN is 0.15%.
Enrollment Features
HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT 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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