WESTERN CARRIERS, INC. PROFIT SHARING PLAN
Plan Contact
- Address: 2220 91ST STREET,NORTH BERGEN,NJ
- Contact person: HAL BRUNWASSER
- Phone: (800) 631-7776
Plan General Information
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WESTERN CARRIERS, INC. PROFIT SHARING PLAN is $35,377,742.00.This plan was established in 1977.
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WESTERN CARRIERS, INC. PROFIT SHARING PLAN is 728
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WESTERN CARRIERS, INC. PROFIT SHARING PLAN is $48,595.00
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WESTERN CARRIERS, INC. PROFIT SHARING PLAN is $3,843.00.
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WESTERN CARRIERS, INC. PROFIT SHARING PLAN is approximately $1,340.00
Investing in this additonal $1,340.00 for 20 years would give you extra $85,761.00, assuming a 10% annual return.
Investing in this additonal $1,340.00 for 20 years would give you extra $85,761.00, assuming a 10% annual return.
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, WESTERN CARRIERS, INC. PROFIT SHARING PLAN allocates $975,535.00 to match its employees' contributions, providing an employer match rate of 37.82% of their contributions
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WESTERN CARRIERS, INC. PROFIT SHARING PLAN is 12.89%.
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WESTERN CARRIERS, INC. PROFIT SHARING PLAN is 18.11%. This measures the effectiveness of the plan participants' investments in the year.
WESTERN CARRIERS, INC. PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WESTERN CARRIERS, INC. PROFIT SHARING PLAN is 0.41%.
Enrollment Features
WESTERN CARRIERS, INC. PROFIT SHARING 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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