ROCKWELL MEDICAL, INC. 401(K) PLAN

Plan Contact

  • Address: 30142 WIXOM ROAD,WIXOM,MI
  • Contact person: LESLEY SPRIGGS
  • Phone: (248) 960-9009

Plan General Information

ROCKWELL MEDICAL, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ROCKWELL MEDICAL, INC. 401(K) PLAN is $4,027,121.00.This plan was established in 2008.

ROCKWELL MEDICAL, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ROCKWELL MEDICAL, INC. 401(K) PLAN is 298

ROCKWELL MEDICAL, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ROCKWELL MEDICAL, INC. 401(K) PLAN is $13,513.00

ROCKWELL MEDICAL, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ROCKWELL MEDICAL, INC. 401(K) PLAN is $1,947.00.

ROCKWELL MEDICAL, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ROCKWELL MEDICAL, INC. 401(K) PLAN is approximately $1,571.00
Investing in this additonal $1,571.00 for 20 years would give you extra $100,553.00, assuming a 10% annual return.

ROCKWELL MEDICAL, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, ROCKWELL MEDICAL, INC. 401(K) PLAN allocates $468,202.00 to match its employees' contributions, providing an employer match rate of 64.38% of their contributions

ROCKWELL MEDICAL, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ROCKWELL MEDICAL, INC. 401(K) PLAN is 22.27%.

ROCKWELL MEDICAL, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ROCKWELL MEDICAL, INC. 401(K) PLAN is 19.28%. This measures the effectiveness of the plan participants' investments in the year.

ROCKWELL MEDICAL, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of ROCKWELL MEDICAL, INC. 401(K) PLAN is 0.70%.

Enrollment Features

ROCKWELL MEDICAL, INC. 401(K) 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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