SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
Plan Contact
- Address: 4510 COX ROAD, SUITE 201,GLEN ALLEN,VA
- Contact person: MARY BARKSDALE
- Phone: (864) 596-1536
Plan General Information
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is $18,256,216.00.This plan was established in 1990.
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is 540
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is $33,807.00
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is $3,023.00.
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is approximately $1,205.00
Investing in this additonal $1,205.00 for 20 years would give you extra $77,161.00, assuming a 10% annual return.
Investing in this additonal $1,205.00 for 20 years would give you extra $77,161.00, assuming a 10% annual return.
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Total Employer Contribution and Match Rate
In 2022, SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN allocates $651,048.00 to match its employees' contributions, providing an employer match rate of 41.40% of their contributions
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is -22.35%.
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is -15.34%. This measures the effectiveness of the plan participants' investments in the year.
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is 0.67%.
Enrollment Features
SYNALLOY CORPORATION 401(K) EMPLOYEE STOCK OWNERSHIP 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.
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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