ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP.

Plan Overview & Key Metrics

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is a defined contribution retirement plan offered by ESSROC CEMENT CORP. Below is a snapshot of the plan’s financial health, participant activity, and employer generosity based on publicly filed data. Use these metrics to benchmark your own contributions and see how this plan compares to peers.

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Total Retirement Plan Assets

At the end of 2005, the total retirement plan assets of ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is $4,032,473.00.This plan was established in 1991.

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Total Number of Retirement Plan Participants

At the end of 2005, the total number of retirement plan participants in ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is 130

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Average Participant Retirement Account Value

In 2005, the average participant retirement account value for ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is $31,019.00

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Estimated Average Employee Contribution Amount

In 2005, the estimated average employee contribution amount per participant for ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is $6,416.00.

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Estimated Average Employer Match

In 2005, the estimated average employer match for an employee in ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is approximately $1,478.00
Investing in this additonal $1,478.00 for 20 years would give you extra $94,638.00, assuming a 10% annual return.

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Total Employer Contribution and Match Rate

In 2005, ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. allocates $192,234.00 to match its employees’ contributions, providing an employer match rate of 46.09% of their contributions

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Total Retirement Plan Asset Growth Rate

In 2005, the total retirement plan asset growth rate of ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is 22.30%.

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Estimated Aggregate Retirement Account Investment Gain/Loss

In 2005, the estimated aggregate retirement account investment gain/loss for ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is 6.88%. This measures the effectiveness of the plan participants’ investments in the year.

ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. Expense Ratio

In 2005, the investment and administrative expense ratio of ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. is 0.01%.

* Data are from public filings.

Plan Administrator & Contact

Need to reach the plan administrator, update beneficiaries, or request a distribution? Use the contact details below. If the plan uses an external recordkeeper (such as Fidelity, Vanguard, or Empower), their portal is typically the fastest way to manage your account day to day.

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Enrollment & Brokerage Features

The following features describe how ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP. handles enrollment, default investments, and access to self-directed brokerage windows. Plans that offer auto-enrollment tend to have higher participation rates, and a brokerage window can give you access to investments beyond the plan’s core lineup.

What Should You Do Next?

Your 401(k) is likely your single largest wealth-building tool. Here is how to make the most of ESSROC DEFINED CONTRIBUTION PLAN FOR SPEED HOURLY EMP.:

  1. Contribute enough to capture the full employer match. This is free money — see the match details on the Contribution & Match page.
  2. Review your investment allocation. Make sure your mix of stocks, bonds, and other assets matches your age and risk tolerance. Check available investment options.
  3. Keep your beneficiary designations current. Life events (marriage, divorce, children) mean your beneficiary form may need updating.
  4. Increase contributions over time. Even a 1% annual bump can add tens of thousands to your retirement balance over a career.

Use our 401(k) Savings Calculator to project how your current contribution rate translates into retirement wealth, or try the Asset Allocation Calculator to find an allocation that fits your risk profile.

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