IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 90693 LINK ROAD,EUGENE,OR
- Contact person: SARAH COFFMAN
- Phone: (541) 689-0901
Plan General Information
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is $6,572,062.00.This plan was established in 1988.
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 194
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is $33,876.00
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is $2,014.00.
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is approximately $864.00
Investing in this additonal $864.00 for 20 years would give you extra $55,304.00, assuming a 10% annual return.
Investing in this additonal $864.00 for 20 years would give you extra $55,304.00, assuming a 10% annual return.
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN allocates $167,643.00 to match its employees' contributions, providing an employer match rate of 39.25% of their contributions
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 19.31%.
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 15.03%. This measures the effectiveness of the plan participants' investments in the year.
IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of IDEAL STEEL, INC. 401(K) PROFIT SHARING PLAN is 0.37%.
Enrollment Features
IDEAL STEEL, INC. 401(K) PROFIT SHARING 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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