MAGNOLIA STEEL CO., INC. 401(K) PLAN
Plan Contact
- Address: 17 17TH AVENUE SOUTH,MERIDIAN,MS
- Contact person: CHRIS CROWE
- Phone: (601) 693-4301
Plan General Information
MAGNOLIA STEEL CO., INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2011, the total retirement plan assets of MAGNOLIA STEEL CO., INC. 401(K) PLAN is $1,104,126.00.This plan was established in 2001.
MAGNOLIA STEEL CO., INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2011, the total number of retirement plan participants in MAGNOLIA STEEL CO., INC. 401(K) PLAN is 111
MAGNOLIA STEEL CO., INC. 401(K) PLAN Average Participant Retirement Account Value
In 2011, the average participant retirement account value for MAGNOLIA STEEL CO., INC. 401(K) PLAN is $9,947.00
MAGNOLIA STEEL CO., INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2011, the estimated average employee contribution amount per participant for MAGNOLIA STEEL CO., INC. 401(K) PLAN is $2,009.00.
MAGNOLIA STEEL CO., INC. 401(K) PLAN Estimated Average Employer Match
In 2011, the estimated average employer match for an employee in MAGNOLIA STEEL CO., INC. 401(K) PLAN is approximately $308.00
Investing in this additonal $308.00 for 20 years would give you extra $19,719.00, assuming a 10% annual return.
Investing in this additonal $308.00 for 20 years would give you extra $19,719.00, assuming a 10% annual return.
MAGNOLIA STEEL CO., INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2011, MAGNOLIA STEEL CO., INC. 401(K) PLAN allocates $34,201.00 to match its employees' contributions, providing an employer match rate of 30.66% of their contributions
MAGNOLIA STEEL CO., INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2011, the total retirement plan asset growth rate of MAGNOLIA STEEL CO., INC. 401(K) PLAN is 1.00%.
MAGNOLIA STEEL CO., INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2011, the estimated aggregate retirement account investment gain/loss for MAGNOLIA STEEL CO., INC. 401(K) PLAN is -2.68%. This measures the effectiveness of the plan participants' investments in the year.
MAGNOLIA STEEL CO., INC. 401(K) PLAN Expense Ratio
In 2011, the investment and administrative expense ratio of MAGNOLIA STEEL CO., INC. 401(K) PLAN is 0.14%.
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