SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN

Plan Contact

  • Address: PO BOX 250847,,MILWAUKEE,WI
  • Contact person: MATTHEW JOHNSON
  • Phone: (414) 831-2400

Plan General Information

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is $10,130,444.00.This plan was established in 1984.

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is 142

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is $71,341.00

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is $10,164.00.

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is approximately $1,894.00
Investing in this additonal $1,894.00 for 20 years would give you extra $121,248.00, assuming a 10% annual return.

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN allocates $269,019.00 to match its employees' contributions, providing an employer match rate of 37.28% of their contributions

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is 29.71%.

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is 21.59%. This measures the effectiveness of the plan participants' investments in the year.

SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SCHMITZ READY MIX, INC. 401(K) SAVINGS PLAN is 0.46%.

Enrollment Features

SCHMITZ READY MIX, INC. 401(K) SAVINGS 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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