SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS
Plan Contact
- Address: 692 NORTH CASHUA DRIVE,FLORENCE,SC
- Contact person: CATHERINE ALLEN
- Phone: (843) 468-9218
Plan General Information
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is $5,309,807.00.This plan was established in 1971.
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is 140
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Average Participant Retirement Account Value
In 2019, the average participant retirement account value for SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is $37,927.00
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is $4,184.00.
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is approximately $632.00
Investing in this additonal $632.00 for 20 years would give you extra $40,451.00, assuming a 10% annual return.
Investing in this additonal $632.00 for 20 years would give you extra $40,451.00, assuming a 10% annual return.
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Total Employer Contribution and Match Rate
In 2019, SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS allocates $88,487.00 to match its employees' contributions, providing an employer match rate of 30.21% of their contributions
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is -8.78%.
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is 3.40%. This measures the effectiveness of the plan participants' investments in the year.
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS Expense Ratio
In 2019, the investment and administrative expense ratio of SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS is 0.64%.
Enrollment Features
SUPERIOR MACHINE COMPANY OF SC, INC. SAVINGS has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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