RYERSON SAVINGS PLAN Contribution & Employer Match

How JOSEPH T. RYERSON & SON, INC. Supports Your Retirement Savings

JOSEPH T. RYERSON & SON, INC. provides retirement savings benefits through RYERSON SAVINGS 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.

RYERSON SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for RYERSON SAVINGS PLAN is $125,763.00

RYERSON SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for RYERSON SAVINGS PLAN is $4,873.00. 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.
311,890.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 4,873.00 in RYERSON SAVINGS PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in RYERSON SAVINGS 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.

RYERSON SAVINGS PLAN Total Employer Contribution and Match Rate

In 2024, RYERSON SAVINGS PLAN allocates $9,490,183.00 to match its employees’ contributions, providing an employer match rate of 54.76% of their contributions

RYERSON SAVINGS PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in RYERSON SAVINGS PLAN is approximately $2,583.00
Investing in this additonal $2,583.00 for 20 years would give you extra $165,361.00, 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.

RYERSON SAVINGS PLAN Contribution & Match Policy

RYERSON SAVINGS PLAN Plan Policies

RYERSON SAVINGS PLAN Contribution, Match and Other Plan Policies

  • Employees electing to participate in the Plan may make before-tax contributions of up to 75% of their base salary.
  • Certain contributions to the Plan are not currently taxable to the participants but are subject to federal and state income taxes upon distribution.
  • Participants can also make after-tax contributions of up to 20% of their base salary.
  • The combination of the before-tax contributions and after-tax contributions cannot exceed 75% of the participant’s base salary.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • Participants may also make Roth contributions and contribute amounts representing distributions from other qualified plans.
  • New employees are automatically enrolled at a rate of 4% of their base salary 60 days after they are hired and they may elect to change or discontinue deferrals at any time.
  • The first 4% of participants’ contributions is matched by the Company at 100%.
  • Participants’ contributions that exceed 4% of base pay but do not exceed 6% of base pay are matched at 50% by the Company.
  • Participants vest immediately in their contributions and the earnings or losses thereon.
  • Company matching contributions made after January 1, 2021 and any earnings are 100% vested immediately.
  • Company matching contributions made prior to January 1, 2021 became fully vested after completion of three years of vesting 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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