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IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN

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Plan General Information

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is $6,572,062.00.This plan was established in 1988.

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 194

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is $33,876.00

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is $2,014.00.

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is approximately $864.00
Investing in this additonal $864.00 for 20 years would give you extra $55,304.00, assuming a 10% annual return.

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN allocates $167,643.00 to match its employees' contributions, providing an employer match rate of 39.25% of their contributions

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 19.31%.

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 15.03%. This measures the effectiveness of the plan participants' investments in the year.

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 0.37%.

Enrollment Features

IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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