STECKER MACHINE CO., INC. 401(K) PLAN
Plan Contact
- Address: 5107 COUNTY ROAD C,MANITOWOC,WI
- Contact person: JOEL KAEPPLER
- Phone: (920) 726-4526
Plan General Information
STECKER MACHINE CO., INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of STECKER MACHINE CO., INC. 401(K) PLAN is $16,789,369.00.This plan was established in 1993.
STECKER MACHINE CO., INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in STECKER MACHINE CO., INC. 401(K) PLAN is 279
STECKER MACHINE CO., INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for STECKER MACHINE CO., INC. 401(K) PLAN is $60,176.00
STECKER MACHINE CO., INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for STECKER MACHINE CO., INC. 401(K) PLAN is $3,711.00.
STECKER MACHINE CO., INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in STECKER MACHINE CO., INC. 401(K) PLAN is approximately $2,144.00
Investing in this additonal $2,144.00 for 20 years would give you extra $137,250.00, assuming a 10% annual return.
Investing in this additonal $2,144.00 for 20 years would give you extra $137,250.00, assuming a 10% annual return.
STECKER MACHINE CO., INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, STECKER MACHINE CO., INC. 401(K) PLAN allocates $598,326.00 to match its employees' contributions, providing an employer match rate of 63.59% of their contributions
STECKER MACHINE CO., INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of STECKER MACHINE CO., INC. 401(K) PLAN is 23.31%.
STECKER MACHINE CO., INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for STECKER MACHINE CO., INC. 401(K) PLAN is 18.51%. This measures the effectiveness of the plan participants' investments in the year.
STECKER MACHINE CO., INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of STECKER MACHINE CO., INC. 401(K) PLAN is 0.31%.
Enrollment Features
STECKER MACHINE CO., 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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