WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN
Plan Contact
- Address: 6614 WILBANKS RD.,KNOXVILLE,TN
- Contact person: BRANDON MCDONALD
- Phone: (865) 643-8367
Plan General Information
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is $28,958,515.00.This plan was established in 2022.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is 1202
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is $24,091.00
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is $1,431.00.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is approximately $701.00
Investing in this additonal $701.00 for 20 years would give you extra $44,916.00, assuming a 10% annual return.
Investing in this additonal $701.00 for 20 years would give you extra $44,916.00, assuming a 10% annual return.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2021, WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN allocates $843,585.00 to match its employees' contributions, providing an employer match rate of 49.01% of their contributions
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is 2.11%.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is 11.99%. This measures the effectiveness of the plan participants' investments in the year.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS RETIREMENT PLAN is 0.15%.
Enrollment Features
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEE SAVINGS 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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