BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN

At the end of 2022, the total retirement plan assets of BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is $21,189,929.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is 445

In 2022, the average participant retirement account value for BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is $47,617

In 2022, the estimated average employee contribution amount per participant for BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is $3,391

In 2022, the estimated average employer match for an employee in BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is approximately $591

In 2022, BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN allocates $263,375 to match its employees’ contributions, providing an employer match rate of 17.63% of their contributions

In 2022, the total retirement plan asset growth rate of BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is -18.04%

In 2022, the estimated aggregate retirement account investment gain/loss for BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is -17.61%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT PLAN is 0.41%.

Enrollment Features

BACHMAN AUTO GROUP 401(K) SAVINGS AND INVESTMENT 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.