TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC.
Plan Contact
- Address: 34501 COMMERCE ROAD,FRASER,MI
- Contact person: DIANA MACKMIN
- Phone: (586) 293-5355
Plan General Information
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is $20,479,428.00.This plan was established in 1989.
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is 240
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is $85,330.00
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is $3,916.00.
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is approximately $700.00
Investing in this additonal $700.00 for 20 years would give you extra $44,847.00, assuming a 10% annual return.
Investing in this additonal $700.00 for 20 years would give you extra $44,847.00, assuming a 10% annual return.
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Total Employer Contribution and Match Rate
In 2023, TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. allocates $168,177.00 to match its employees' contributions, providing an employer match rate of 17.82% of their contributions
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is 13.34%.
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is 14.22%. This measures the effectiveness of the plan participants' investments in the year.
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. is 0.30%.
Enrollment Features
TAX DEFERRED SAVINGS & PROFIT SHARING PLAN OF SPECIALTY STEEL TREATING, INC. 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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