LIBERTY MOTORS, INC. 401(K) PLAN
Plan Contact
- Address: 1101 EAST OMAHA STREET,RAPID CITY,SD
- Contact person: JULIE KROGER
- Phone: (605) 343-1000
Plan General Information
LIBERTY MOTORS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LIBERTY MOTORS, INC. 401(K) PLAN is $6,148,506.00.This plan was established in 1999.
LIBERTY MOTORS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LIBERTY MOTORS, INC. 401(K) PLAN is 141
LIBERTY MOTORS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LIBERTY MOTORS, INC. 401(K) PLAN is $43,606.00
LIBERTY MOTORS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LIBERTY MOTORS, INC. 401(K) PLAN is $3,416.00.
LIBERTY MOTORS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LIBERTY MOTORS, INC. 401(K) PLAN is approximately $1,965.00
Investing in this additonal $1,965.00 for 20 years would give you extra $125,823.00, assuming a 10% annual return.
Investing in this additonal $1,965.00 for 20 years would give you extra $125,823.00, assuming a 10% annual return.
LIBERTY MOTORS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, LIBERTY MOTORS, INC. 401(K) PLAN allocates $277,204.00 to match its employees' contributions, providing an employer match rate of 58.17% of their contributions
LIBERTY MOTORS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LIBERTY MOTORS, INC. 401(K) PLAN is 31.33%.
LIBERTY MOTORS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LIBERTY MOTORS, INC. 401(K) PLAN is 19.11%. This measures the effectiveness of the plan participants' investments in the year.
LIBERTY MOTORS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LIBERTY MOTORS, INC. 401(K) PLAN is 0.65%.
Enrollment Features
LIBERTY MOTORS, 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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