ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is $9,044,479.This plan was established in 1984.

At the end of 2022, the total number of retirement plan participants in ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is 180

In 2022, the average participant retirement account value for ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is $50,247

In 2022, the estimated average employee contribution amount per participant for ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is $3,185

In 2022, the estimated average employer match for an employee in ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is approximately $371

In 2022, ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN allocates $66,897 to match its employees’ contributions, providing an employer match rate of 10.00% of their contributions

In 2022, the total retirement plan asset growth rate of ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is -14.61%

In 2022, the estimated aggregate retirement account investment gain/loss for ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is -15.79%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ADVANCE TANK EMPLOYEES’ RETIREMENT PLAN is 0.33%.

Enrollment Features

ADVANCE TANK EMPLOYEES’ 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.