MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 4242 CLAY AVENUE SW,WYOMING,MI
- Contact person: ROBERT W. PERKINS, CFO
- Phone: (616) 532-4071
Plan General Information
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is $11,274,089.00.This plan was established in 1986.
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is 119
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2012, the average participant retirement account value for MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is $94,740.00
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is $9,682.00.
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is approximately $2,292.00
Investing in this additonal $2,292.00 for 20 years would give you extra $146,688.00, assuming a 10% annual return.
Investing in this additonal $2,292.00 for 20 years would give you extra $146,688.00, assuming a 10% annual return.
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2012, MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN allocates $272,748.00 to match its employees' contributions, providing an employer match rate of 47.34% of their contributions
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is 14.34%.
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is 11.94%. This measures the effectiveness of the plan participants' investments in the year.
MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN Expense Ratio
In 2012, the investment and administrative expense ratio of MAGIC STEEL CORP. EMPLOYEES 401(K) PROFIT SHARING PLAN is 0.28%.
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