O’NEAL STEEL 401(K) PLAN Contribution & Employer Match

How O’NEAL STEEL, INC. Supports Your Retirement Savings

O’NEAL STEEL, INC. provides retirement savings benefits through O’NEAL STEEL 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

O’NEAL STEEL 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for O’NEAL STEEL 401(K) PLAN is $110,326.00

O’NEAL STEEL 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for O’NEAL STEEL 401(K) PLAN is $5,489.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
351,297.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,489.00 in O’NEAL STEEL 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in O’NEAL STEEL 401(K) PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

O’NEAL STEEL 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, O’NEAL STEEL 401(K) PLAN allocates $10,377,951.00 to match its employees’ contributions, providing an employer match rate of 55.54% of their contributions

O’NEAL STEEL 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in O’NEAL STEEL 401(K) PLAN is approximately $2,685.00
Investing in this additonal $2,685.00 for 20 years would give you extra $171,847.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

O’NEAL STEEL 401(K) PLAN Contribution & Match Policy

O’NEAL STEEL 401(K) PLAN Plan Policies

O’NEAL STEEL 401(K) PLAN Contribution, Match and Other Plan Policies

  • Subject to certain limitations under Internal Revenue Code (IRC) Section 401(k), participants may contribute up to fifty percent of their annual compensation, with the contributions and earnings thereon being nontaxable until withdrawn from the Plan.
  • Participants may also contribute their after-tax annual compensation for Roth elective deferral purposes, subject to certain limitations, with the contributions and earnings thereon being nontaxable when withdrawn from the Plan.
  • Participants who have attained the age of fifty before the end of the Plan year are eligible to make catch-up contributions.
  • Employees are automatically enrolled in the Plan at a three percent deferral rate, unless they elect to opt out in a timely manner.
  • Upon the anniversary of their hire date, all employees automatically enrolled in the Plan who have a deferral rate of less than six percent will have their deferral rate increased by one percent, capping at six percent.
  • For 2024 and 2023, the Sponsor made a safe-harbor match of one hundred percent of the first one percent and fifty percent of the next five percent of participant contributions.
  • Participants are immediately vested in their voluntary contributions and any income or loss thereon.
  • Participants are immediately vested in non-elective employer contributions and become one hundred percent vested in the Sponsor safe-harbor matching contributions after one year of service.
  • participants become one hundred percent vested in the Sponsor profit-sharing plan after three years of service.

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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