QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES

Plan Contact

  • Contact person: THOMAS R ROYCE
  • Phone: (713) 961-4600

Plan General Information

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Assets

At the end of 2007, the total retirement plan assets of QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is $48,833,675.00.This plan was established in 1987.

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Total Number of Retirement Plan Participants

At the end of 2007, the total number of retirement plan participants in QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is 655

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Average Participant Retirement Account Value

In 2007, the average participant retirement account value for QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is $74,555.00

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Average Employee Contribution Amount

In 2007, the estimated average employee contribution amount per participant for QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is $4,275.00.

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Average Employer Match

In 2007, the estimated average employer match for an employee in QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is approximately $2,619.00
Investing in this additonal $2,619.00 for 20 years would give you extra $167,624.00, assuming a 10% annual return.

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Total Employer Contribution and Match Rate

In 2007, QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES allocates $1,715,530.00 to match its employees' contributions, providing an employer match rate of 122.52% of their contributions

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Total Retirement Plan Asset Growth Rate

In 2007, the total retirement plan asset growth rate of QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is 35.31%.

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss

In 2007, the estimated aggregate retirement account investment gain/loss for QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is 38.43%. This measures the effectiveness of the plan participants' investments in the year.

QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES Expense Ratio

In 2007, the investment and administrative expense ratio of QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES is 0.02%.

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