IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN
Overview
Plan Contact
- Address: 3401 BASHFOD AVE. CT.,LOUISVILLE,KY
- Contact person: MICHAEL MARTIN
- Phone: (502) 968-2211
Plan General Information
At the end of 2022, the total retirement plan assets of IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is $20,332,274.This plan was established in 1986.
At the end of 2022, the total number of retirement plan participants in IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is 131
In 2022, the average participant retirement account value for IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is $155,208
In 2022, the estimated average employee contribution amount per participant for IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is $11,132
In 2022, the estimated average employer match for an employee in IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is approximately $6,887
In 2022, IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN allocates $902,282 to match its employees’ contributions, providing an employer match rate of 63.07% of their contributions
In 2022, the total retirement plan asset growth rate of IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is -11.35%
In 2022, the estimated aggregate retirement account investment gain/loss for IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is -17.54%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of IVAN WARE & SON INC. 401(K) PROFIT SHARING PLAN is 0.66%.
Enrollment Features
IVAN WARE & SON INC. 401(K) PROFIT SHARING 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.