SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN
- Address: 970 EAST 64TH STREET,CLEVELAND,OH
- Contact person: THOMAS KUBERA
- Phone: (216) 432-6268
SIFCO INDUSTRIES, INC. EMPLOYEES' 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.
At the end of 2022, the total retirement plan assets of SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is $17,120,935.00.This plan was established in 1985.
At the end of 2022, the total number of retirement plan participants in SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is 314
In 2022, the average participant retirement account value for SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is $54,525.00
In 2022, the estimated average employee contribution amount per participant for SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is $2,330.00
In 2022, the estimated average employer match for an employee in SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is approximately $1,539.00
In 2022, SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN allocates $483,341.00 to match its employees' contributions, providing an employer match rate of 61.64% of their contributions
In 2022, the total retirement plan asset growth rate of SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is -17.25%
In 2022, the estimated aggregate retirement account investment gain/loss for SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is -16.69%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of SIFCO INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN is 0.39%.
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