NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST
Plan Contact
- Address: 1322 N POST OAK,HOUSTON,TX
- Contact person: RICHARD KAISER
- Phone: (713) 686-9631
Plan General Information
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is $37,593,039.00.This plan was established in 1972.
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is 644
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is $58,374.00
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is $3,034.00.
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is approximately $1,665.00
Investing in this additonal $1,665.00 for 20 years would give you extra $106,613.00, assuming a 10% annual return.
Investing in this additonal $1,665.00 for 20 years would give you extra $106,613.00, assuming a 10% annual return.
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Total Employer Contribution and Match Rate
In 2023, NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST allocates $1,072,795.00 to match its employees' contributions, providing an employer match rate of 59.08% of their contributions
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is 14.69%.
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is 14.29%. This measures the effectiveness of the plan participants' investments in the year.
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST is 0.25%.
Enrollment Features
NEW PROCESS STEEL, L.P. EMPLOYEE RETIREMENT & SAVINGS TRUST 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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