VARSITY FORD 401K PLAN
Plan Contact
- Address: PO BOX 2507,ANN ARBOR,MI
- Contact person: LOUIS C. STANFORD
- Phone: (734) 996-2300
Plan General Information
VARSITY FORD 401K PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VARSITY FORD 401K PLAN is $22,302,148.00.This plan was established in 1985.
VARSITY FORD 401K PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VARSITY FORD 401K PLAN is 185
VARSITY FORD 401K PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VARSITY FORD 401K PLAN is $120,552.00
VARSITY FORD 401K PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VARSITY FORD 401K PLAN is $6,959.00.
VARSITY FORD 401K PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VARSITY FORD 401K PLAN is approximately $1,501.00
Investing in this additonal $1,501.00 for 20 years would give you extra $96,108.00, assuming a 10% annual return.
Investing in this additonal $1,501.00 for 20 years would give you extra $96,108.00, assuming a 10% annual return.
VARSITY FORD 401K PLAN Total Employer Contribution and Match Rate
In 2023, VARSITY FORD 401K PLAN allocates $277,814.00 to match its employees' contributions, providing an employer match rate of 21.12% of their contributions
VARSITY FORD 401K PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VARSITY FORD 401K PLAN is 11.29%.
VARSITY FORD 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VARSITY FORD 401K PLAN is 19.26%. This measures the effectiveness of the plan participants' investments in the year.
VARSITY FORD 401K PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VARSITY FORD 401K PLAN is 0.10%.
Enrollment Features
VARSITY FORD 401K 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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