ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is $13,755,584.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is 222

In 2022, the average participant retirement account value for ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is $61,962

In 2022, the estimated average employee contribution amount per participant for ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is $6,172

In 2022, the estimated average employer match for an employee in ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is approximately $1,789

In 2022, ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN allocates $397,264 to match its employees’ contributions, providing an employer match rate of 31.55% of their contributions

In 2022, the total retirement plan asset growth rate of ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is -8.67%

In 2022, the estimated aggregate retirement account investment gain/loss for ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is -18.30%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ZIP’S TRUCK EQUIPMENT, INC. RETIREMENT SAVINGS PLAN is 0.27%.

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.