REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN
Plan Contact
- Address: 1360 GREELY CHAPEL ROAD,LIMA,OH
- Contact person: DAVID MAUGER
- Phone: (419) 223-3711
Plan General Information
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is $16,039,903.00.This plan was established in 2012.
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is 532
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is $30,150.00
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is $3,074.00.
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is approximately $280.00
Investing in this additonal $280.00 for 20 years would give you extra $17,959.00, assuming a 10% annual return.
Investing in this additonal $280.00 for 20 years would give you extra $17,959.00, assuming a 10% annual return.
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN allocates $149,292.00 to match its employees' contributions, providing an employer match rate of 9.98% of their contributions
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is 27.39%.
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is 20.94%. This measures the effectiveness of the plan participants' investments in the year.
REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of REINEKE FAMILY DEALERSHIPS, INC. 401(K) PLAN is 0.69%.
Enrollment Features
REINEKE FAMILY DEALERSHIPS, INC. 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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