US MAGNESIUM LLC HOURLY 401(K) PLAN
- Address: 238 NORTH 2200 WEST,SALT LAKE CITY,UT
- Phone: (801) 532-2043
US MAGNESIUM LLC HOURLY 401(K) 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.
At the end of 2022, the total retirement plan assets of US MAGNESIUM LLC HOURLY 401(K) PLAN is $8,721,896.00.This plan was established in 1990.
At the end of 2022, the total number of retirement plan participants in US MAGNESIUM LLC HOURLY 401(K) PLAN is 397
In 2022, the average participant retirement account value for US MAGNESIUM LLC HOURLY 401(K) PLAN is $21,969.00
In 2022, the estimated average employee contribution amount per participant for US MAGNESIUM LLC HOURLY 401(K) PLAN is $2,855.00
In 2022, the estimated average employer match for an employee in US MAGNESIUM LLC HOURLY 401(K) PLAN is approximately $569.00
In 2022, US MAGNESIUM LLC HOURLY 401(K) PLAN allocates $226,175.00 to match its employees' contributions, providing an employer match rate of 19.04% of their contributions
In 2022, the total retirement plan asset growth rate of US MAGNESIUM LLC HOURLY 401(K) PLAN is -30.90%
In 2022, the estimated aggregate retirement account investment gain/loss for US MAGNESIUM LLC HOURLY 401(K) PLAN is -18.86%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of US MAGNESIUM LLC HOURLY 401(K) PLAN is 0.75%.
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