KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is $26,900,424.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is 352

In 2022, the average participant retirement account value for KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is $76,421

In 2022, the estimated average employee contribution amount per participant for KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is $2,931

In 2022, the estimated average employer match for an employee in KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is approximately $1,633

In 2022, KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN allocates $575,056 to match its employees’ contributions, providing an employer match rate of 54.41% of their contributions

In 2022, the total retirement plan asset growth rate of KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is -25.43%

In 2022, the estimated aggregate retirement account investment gain/loss for KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is -21.36%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING PLAN is 0.00%.

Enrollment Features

KARL KNAUZ MOTORS, INC. 401(K)/PROFIT SHARING 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.