ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN
- Address: 3100 E. HIGH STREET,JACKSON,MI
- Contact person: JAMES E NORMAN
- Phone: (517) 787-5500
ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) 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.
At the end of 2022, the total retirement plan assets of ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is $406,525,845.00.This plan was established in 2022.
At the end of 2022, the total number of retirement plan participants in ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is 4092
In 2022, the average participant retirement account value for ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is $99,346.00
In 2022, the estimated average employee contribution amount per participant for ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is $4,306.00
In 2022, the estimated average employer match for an employee in ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is approximately $5,459.00
In 2022, ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN allocates $22,338,915.00 to match its employees' contributions, providing an employer match rate of 126.77% of their contributions
In 2022, the total retirement plan asset growth rate of ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is -2.79%
In 2022, the estimated aggregate retirement account investment gain/loss for ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is -5.36%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of ALRO STEEL CORPORATION AND SUBSIDIARIES RETIREMENT/401(K) PLAN is 0.19%.
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