YOUNG TRUCK SALES, INC. 401 (K) PLAN
Plan Contact
- Address: 4970 SOUTHWAY ST SW,CANTON,OH
- Contact person: DIANA LOY
- Phone: (330) 453-3868
Plan General Information
YOUNG TRUCK SALES, INC. 401 (K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of YOUNG TRUCK SALES, INC. 401 (K) PLAN is $10,165,431.00.This plan was established in 1969.
YOUNG TRUCK SALES, INC. 401 (K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in YOUNG TRUCK SALES, INC. 401 (K) PLAN is 189
YOUNG TRUCK SALES, INC. 401 (K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for YOUNG TRUCK SALES, INC. 401 (K) PLAN is $53,785.00
YOUNG TRUCK SALES, INC. 401 (K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for YOUNG TRUCK SALES, INC. 401 (K) PLAN is $3,994.00.
YOUNG TRUCK SALES, INC. 401 (K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in YOUNG TRUCK SALES, INC. 401 (K) PLAN is approximately $1,752.00
Investing in this additonal $1,752.00 for 20 years would give you extra $112,183.00, assuming a 10% annual return.
Investing in this additonal $1,752.00 for 20 years would give you extra $112,183.00, assuming a 10% annual return.
YOUNG TRUCK SALES, INC. 401 (K) PLAN Total Employer Contribution and Match Rate
In 2023, YOUNG TRUCK SALES, INC. 401 (K) PLAN allocates $331,291.00 to match its employees' contributions, providing an employer match rate of 45.08% of their contributions
YOUNG TRUCK SALES, INC. 401 (K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of YOUNG TRUCK SALES, INC. 401 (K) PLAN is 17.46%.
YOUNG TRUCK SALES, INC. 401 (K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for YOUNG TRUCK SALES, INC. 401 (K) PLAN is 13.68%. This measures the effectiveness of the plan participants' investments in the year.
YOUNG TRUCK SALES, INC. 401 (K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of YOUNG TRUCK SALES, INC. 401 (K) PLAN is 0.47%.
Enrollment Features
YOUNG TRUCK SALES, INC. 401 (K) 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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