EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC.
Plan Contact
- Contact person: TOM MCGURK, JR.
- Phone: (217) 442-6240
Plan General Information
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Total Retirement Plan Assets
At the end of 2004, the total retirement plan assets of EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is $8,390,368.00.This plan was established in 1978.
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Total Number of Retirement Plan Participants
At the end of 2004, the total number of retirement plan participants in EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is 212
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Average Participant Retirement Account Value
In 2004, the average participant retirement account value for EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is $39,577.00
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Estimated Average Employee Contribution Amount
In 2004, the estimated average employee contribution amount per participant for EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is $3,395.00.
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Estimated Average Employer Match
In 2004, the estimated average employer match for an employee in EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is approximately $1,273.00
Investing in this additonal $1,273.00 for 20 years would give you extra $81,509.00, assuming a 10% annual return.
Investing in this additonal $1,273.00 for 20 years would give you extra $81,509.00, assuming a 10% annual return.
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Total Employer Contribution and Match Rate
In 2004, EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. allocates $270,000.00 to match its employees' contributions, providing an employer match rate of 75.01% of their contributions
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Total Retirement Plan Asset Growth Rate
In 2004, the total retirement plan asset growth rate of EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is 11.25%.
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2004, the estimated aggregate retirement account investment gain/loss for EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is 8.02%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. Expense Ratio
In 2004, the investment and administrative expense ratio of EMPLOYEE PROFIT SHARING AND SAVINGS PLAN OF STEEL GRIP, INC. is 0.08%.
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