SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST
Plan Contact
- Address: 4659 HAMANN PARKWAY,WILLOUGHBY,OH
- Contact person: CHRISTOPHER SLABE
- Phone: (440) 946-6555
Plan General Information
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is $6,422,969.00.This plan was established in 1951.
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is 122
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is $52,647.00
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is $2,401.00.
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is approximately $1,192.00
Investing in this additonal $1,192.00 for 20 years would give you extra $76,297.00, assuming a 10% annual return.
Investing in this additonal $1,192.00 for 20 years would give you extra $76,297.00, assuming a 10% annual return.
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Employer Contribution and Match Rate
In 2022, SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST allocates $145,442.00 to match its employees' contributions, providing an employer match rate of 49.64% of their contributions
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is -20.49%.
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is -19.43%. This measures the effectiveness of the plan participants' investments in the year.
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST Expense Ratio
In 2022, the investment and administrative expense ratio of SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & TRUST is 0.06%.
Enrollment Features
SLABE MACHINE PRODUCTS COMPANY 401(K) RETIREMENT SAVINGS PLAN & 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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