BINFORD METALS 401(K) PLAN
Plan Contact
- Address: P.O. BOX 219,AUBURN,WA
- Phone: (253) 854-8000
Plan General Information
BINFORD METALS 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BINFORD METALS 401(K) PLAN is $4,792,608.00.This plan was established in 2008.
BINFORD METALS 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BINFORD METALS 401(K) PLAN is 167
BINFORD METALS 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BINFORD METALS 401(K) PLAN is $28,698.00
BINFORD METALS 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BINFORD METALS 401(K) PLAN is $2,404.00.
BINFORD METALS 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BINFORD METALS 401(K) PLAN is approximately $1,775.00
Investing in this additonal $1,775.00 for 20 years would give you extra $113,609.00, assuming a 10% annual return.
Investing in this additonal $1,775.00 for 20 years would give you extra $113,609.00, assuming a 10% annual return.
BINFORD METALS 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BINFORD METALS 401(K) PLAN allocates $296,451.00 to match its employees' contributions, providing an employer match rate of 78.53% of their contributions
BINFORD METALS 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BINFORD METALS 401(K) PLAN is 28.41%.
BINFORD METALS 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BINFORD METALS 401(K) PLAN is 13.85%. This measures the effectiveness of the plan participants' investments in the year.
BINFORD METALS 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BINFORD METALS 401(K) PLAN is 0.56%.
Enrollment Features
BINFORD METALS 401(K) PLAN 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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