WACO TRANSIT SYSTEM 401(K) PLAN

At the end of 2022, the total retirement plan assets of WACO TRANSIT SYSTEM 401(K) PLAN is $1,665,996.This plan was established in 2021.

At the end of 2022, the total number of retirement plan participants in WACO TRANSIT SYSTEM 401(K) PLAN is 131

In 2022, the average participant retirement account value for WACO TRANSIT SYSTEM 401(K) PLAN is $12,717

In 2022, the estimated average employee contribution amount per participant for WACO TRANSIT SYSTEM 401(K) PLAN is $740

In 2022, the estimated average employer match for an employee in WACO TRANSIT SYSTEM 401(K) PLAN is approximately $1,164

In 2022, WACO TRANSIT SYSTEM 401(K) PLAN allocates $152,510 to match its employees’ contributions, providing an employer match rate of 166.84% of their contributions

In 2022, the total retirement plan asset growth rate of WACO TRANSIT SYSTEM 401(K) PLAN is -11.11%

In 2022, the estimated aggregate retirement account investment gain/loss for WACO TRANSIT SYSTEM 401(K) PLAN is -11.32%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of WACO TRANSIT SYSTEM 401(K) PLAN is 1.23%.

Enrollment Features

WACO TRANSIT SYSTEM 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.