OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN
Plan Contact
- Address: P.O. BOX 2807,SPARTANBURG,SC
- Contact person: CHRIS CONNELLY
- Phone: (864) 573-9311
Plan General Information
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is $15,327,594.00.This plan was established in 1980.
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is 145
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is $105,707.00
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is $5,067.00.
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is approximately $2,449.00
Investing in this additonal $2,449.00 for 20 years would give you extra $156,751.00, assuming a 10% annual return.
Investing in this additonal $2,449.00 for 20 years would give you extra $156,751.00, assuming a 10% annual return.
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN allocates $355,139.00 to match its employees' contributions, providing an employer match rate of 50.05% of their contributions
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is 11.06%.
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is 16.36%. This measures the effectiveness of the plan participants' investments in the year.
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS PLAN is 0.36%.
Enrollment Features
OILMEN'S EQUIPMENT CORPORATION PROFIT SHARING AND 401(K) SAVINGS 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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