SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES

At the end of 2022, the total retirement plan assets of SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is $13,097,684.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is 748

In 2022, the average participant retirement account value for SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is $17,510

In 2022, the estimated average employee contribution amount per participant for SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is $3,325

In 2022, the estimated average employer match for an employee in SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is approximately $411

In 2022, SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES allocates $308,024 to match its employees’ contributions, providing an employer match rate of 12.57% of their contributions

In 2022, the total retirement plan asset growth rate of SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is -10.73%

In 2022, the estimated aggregate retirement account investment gain/loss for SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is -14.47%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES is 0.63%.

Enrollment Features

SAVINGS PLAN OF DANNY HERMAN TRUCKING EMPLOYEES 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.