UNION IRON, INC. 401(K) RETIREMENT PLAN

Plan Contact

  • Address: 3550 E. MOUND ROAD,DECATUR,IL
  • Contact person: CHERYL SCHOLTZ
  • Phone: (217) 429-5148

Plan General Information

UNION IRON, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2016, the total retirement plan assets of UNION IRON, INC. 401(K) RETIREMENT PLAN is $2,329,800.00.This plan was established in 1997.

UNION IRON, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2016, the total number of retirement plan participants in UNION IRON, INC. 401(K) RETIREMENT PLAN is 140

UNION IRON, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value

In 2016, the average participant retirement account value for UNION IRON, INC. 401(K) RETIREMENT PLAN is $16,641.00

UNION IRON, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2016, the estimated average employee contribution amount per participant for UNION IRON, INC. 401(K) RETIREMENT PLAN is $3,114.00.

UNION IRON, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match

In 2016, the estimated average employer match for an employee in UNION IRON, INC. 401(K) RETIREMENT PLAN is approximately $436.00
Investing in this additonal $436.00 for 20 years would give you extra $27,908.00, assuming a 10% annual return.

UNION IRON, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2016, UNION IRON, INC. 401(K) RETIREMENT PLAN allocates $61,049.00 to match its employees' contributions, providing an employer match rate of 28.00% of their contributions

UNION IRON, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2016, the total retirement plan asset growth rate of UNION IRON, INC. 401(K) RETIREMENT PLAN is -14.41%.

UNION IRON, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2016, the estimated aggregate retirement account investment gain/loss for UNION IRON, INC. 401(K) RETIREMENT PLAN is -9.98%. This measures the effectiveness of the plan participants' investments in the year.

UNION IRON, INC. 401(K) RETIREMENT PLAN Expense Ratio

In 2016, the investment and administrative expense ratio of UNION IRON, INC. 401(K) RETIREMENT PLAN is 1.16%.

Enrollment Features

UNION IRON, INC. 401(K) RETIREMENT 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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