ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 316 W MILWAUKEE ST,NEW HAMPTON,IA
- Contact person: PAUL ROTTINGHAUS
- Phone: (641) 394-3166
Plan General Information
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is $17,189,693.00.This plan was established in 1989.
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is 206
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is $83,445.00
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is $6,613.00.
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is approximately $1,719.00
Investing in this additonal $1,719.00 for 20 years would give you extra $110,062.00, assuming a 10% annual return.
Investing in this additonal $1,719.00 for 20 years would give you extra $110,062.00, assuming a 10% annual return.
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN allocates $354,265.00 to match its employees' contributions, providing an employer match rate of 27.33% of their contributions
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is 24.97%.
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is 19.49%. This measures the effectiveness of the plan participants' investments in the year.
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is 0.23%.
Enrollment Features
ZIP'S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS 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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