MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is $18,620,980.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is 1300

In 2022, the average participant retirement account value for MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is $14,323

In 2022, the estimated average employee contribution amount per participant for MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is $1,476

In 2022, the estimated average employer match for an employee in MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is approximately $325

In 2022, MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN allocates $423,048 to match its employees’ contributions, providing an employer match rate of 21.50% of their contributions

In 2022, the total retirement plan asset growth rate of MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is -15.34%

In 2022, the estimated aggregate retirement account investment gain/loss for MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is -17.92%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of MAY TRUCKING CO. EMPLOYEE RETIREMENT PLAN is 0.21%.

Enrollment Features

MAY TRUCKING CO. EMPLOYEE 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.