SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN

Plan Contact

  • Address: P.O. BOX 6257,PEARL,MS
  • Contact person: JOSEPH MCLELLAN
  • Phone: (601) 939-9000

Plan General Information

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is $10,973,917.00.This plan was established in 1995.

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is 157

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is $69,897.00

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is $3,941.00.

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is approximately $2,522.00
Investing in this additonal $2,522.00 for 20 years would give you extra $161,465.00, assuming a 10% annual return.

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN allocates $396,096.00 to match its employees' contributions, providing an employer match rate of 61.46% of their contributions

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is 17.82%.

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is 15.86%. This measures the effectiveness of the plan participants' investments in the year.

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) RETIREMENT PLAN is 0.54%.

Enrollment Features

SOUTHERN STATES UTILITY TRAILER SALES, INC. 401(K) 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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