WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS
Plan Contact
- Address: 6614 WILBANKS RD,KNOXVILLE,TN
- Contact person: BRANDON MCDONALD
- Phone: (865) 207-2064
Plan General Information
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is $27,364,853.00.This plan was established in 1989.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is 1115
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is $24,542.00
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is $4,377.00.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is approximately $407.00
Investing in this additonal $407.00 for 20 years would give you extra $26,106.00, assuming a 10% annual return.
Investing in this additonal $407.00 for 20 years would give you extra $26,106.00, assuming a 10% annual return.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Total Employer Contribution and Match Rate
In 2023, WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS allocates $454,818.00 to match its employees' contributions, providing an employer match rate of 18.64% of their contributions
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is 15.95%.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is 15.49%. This measures the effectiveness of the plan participants' investments in the year.
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS Expense Ratio
In 2023, the investment and administrative expense ratio of WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS is 0.40%.
Enrollment Features
WORLDWIDE EQUIPMENT ENTERPRISES, INC. EMPLOYEES SAVINGS 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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