VERN EIDE MOTORCARS, INC. 401K PLAN
Plan Contact
- Address: 5200 S. LOUISE AVE.,SIOUX FALLS,SD
- Phone: (605) 362-9500
Plan General Information
VERN EIDE MOTORCARS, INC. 401K PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VERN EIDE MOTORCARS, INC. 401K PLAN is $28,439,673.00.This plan was established in 1970.
VERN EIDE MOTORCARS, INC. 401K PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VERN EIDE MOTORCARS, INC. 401K PLAN is 551
VERN EIDE MOTORCARS, INC. 401K PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VERN EIDE MOTORCARS, INC. 401K PLAN is $51,614.00
VERN EIDE MOTORCARS, INC. 401K PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VERN EIDE MOTORCARS, INC. 401K PLAN is $7,408.00.
VERN EIDE MOTORCARS, INC. 401K PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VERN EIDE MOTORCARS, INC. 401K PLAN is approximately $1,100.00
Investing in this additonal $1,100.00 for 20 years would give you extra $70,461.00, assuming a 10% annual return.
Investing in this additonal $1,100.00 for 20 years would give you extra $70,461.00, assuming a 10% annual return.
VERN EIDE MOTORCARS, INC. 401K PLAN Total Employer Contribution and Match Rate
In 2023, VERN EIDE MOTORCARS, INC. 401K PLAN allocates $606,629.00 to match its employees' contributions, providing an employer match rate of 29.72% of their contributions
VERN EIDE MOTORCARS, INC. 401K PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VERN EIDE MOTORCARS, INC. 401K PLAN is 14.98%.
VERN EIDE MOTORCARS, INC. 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VERN EIDE MOTORCARS, INC. 401K PLAN is 15.68%. This measures the effectiveness of the plan participants' investments in the year.
VERN EIDE MOTORCARS, INC. 401K PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VERN EIDE MOTORCARS, INC. 401K PLAN is 0.54%.
Enrollment Features
VERN EIDE MOTORCARS, INC. 401K 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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