ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN
Plan Contact
- Address: 3323 EAST 82ND STREET,MERIDEN,KS
- Contact person: NEAL SPENCER
- Phone: (785) 484-3165
Plan General Information
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is $3,713,925.00.This plan was established in 1988.
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is 185
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is $20,075.00
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is $2,388.00.
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is approximately $388.00
Investing in this additonal $388.00 for 20 years would give you extra $24,833.00, assuming a 10% annual return.
Investing in this additonal $388.00 for 20 years would give you extra $24,833.00, assuming a 10% annual return.
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN allocates $71,785.00 to match its employees' contributions, providing an employer match rate of 18.16% of their contributions
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is 23.45%.
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is 16.31%. This measures the effectiveness of the plan participants' investments in the year.
ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ERNEST SPENCER METALS, INC. SALARY SAVINGS PLAN is 1.36%.
Enrollment Features
ERNEST SPENCER METALS, INC. SALARY SAVINGS 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.
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