ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN

Overview

Plan Contact

  • Address: 6510 70TH STREET, SUITE 101,LUBBOCK,TX
  • Contact person: GREG PIPKIN
  • Phone: (806) 368-7723

Plan General Information


At the end of 2022, the total retirement plan assets of ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is $7,445,216.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is 407

In 2022, the average participant retirement account value for ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is $18,292

In 2022, the estimated average employee contribution amount per participant for ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is $1,964

In 2022, the estimated average employer match for an employee in ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is approximately $1,009

In 2022, ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN allocates $411,012 to match its employees’ contributions, providing an employer match rate of 63.12% of their contributions

In 2022, the total retirement plan asset growth rate of ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is -10.67%

In 2022, the estimated aggregate retirement account investment gain/loss for ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is -15.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ZM HOLDINGS MULTIPLE EMPLOYER 401(K) PLAN is 0.81%.

Enrollment Features

ZM HOLDINGS MULTIPLE EMPLOYER 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.