OPEN ROAD 401(K) PLAN
Plan Contact
- Address: C/O OPEN ROAD AUTO GROUP,,BRIDGEWATER,NJ
- Contact person: LISA CESARO
- Phone: (732) 839-4501
Plan General Information
OPEN ROAD 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of OPEN ROAD 401(K) PLAN is $54,283,581.00.This plan was established in 1993.
OPEN ROAD 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in OPEN ROAD 401(K) PLAN is 1565
OPEN ROAD 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OPEN ROAD 401(K) PLAN is $34,685.00
OPEN ROAD 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for OPEN ROAD 401(K) PLAN is $3,471.00.
OPEN ROAD 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in OPEN ROAD 401(K) PLAN is approximately $337.00
Investing in this additonal $337.00 for 20 years would give you extra $21,591.00, assuming a 10% annual return.
Investing in this additonal $337.00 for 20 years would give you extra $21,591.00, assuming a 10% annual return.
OPEN ROAD 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, OPEN ROAD 401(K) PLAN allocates $527,975.00 to match its employees' contributions, providing an employer match rate of 10.03% of their contributions
OPEN ROAD 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of OPEN ROAD 401(K) PLAN is 16.00%.
OPEN ROAD 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for OPEN ROAD 401(K) PLAN is 15.12%. This measures the effectiveness of the plan participants' investments in the year.
OPEN ROAD 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of OPEN ROAD 401(K) PLAN is 0.13%.
Enrollment Features
OPEN ROAD 401(K) 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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