THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC
Plan Contact
- Address: 1365 W PIMA MINE RD,SAHUARITA,AZ
- Contact person: OSCAR GONZALEZ
- Phone: (520) 798-7500
Plan General Information
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is $68,284,351.00.This plan was established in 1990.
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is 1617
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is $42,229.00
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is $1,540.00.
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is approximately $1,121.00
Investing in this additonal $1,121.00 for 20 years would give you extra $71,785.00, assuming a 10% annual return.
Investing in this additonal $1,121.00 for 20 years would give you extra $71,785.00, assuming a 10% annual return.
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Total Employer Contribution and Match Rate
In 2023, THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC allocates $1,813,699.00 to match its employees' contributions, providing an employer match rate of 64.37% of their contributions
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is 9.10%.
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is 17.10%. This measures the effectiveness of the plan participants' investments in the year.
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC Expense Ratio
In 2023, the investment and administrative expense ratio of THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC is 0.01%.
Enrollment Features
THE 401(K) SAVINGS PLAN FOR ELIGIBLE HOURLY-RATED EMPLOYEES OF ASARCO LLC 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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