NORTH AMERICAN STAINLESS SAVINGS PLAN
Plan Contact
- Address: 6870 HIGHWAY 42 EAST,GHENT,KY
- Contact person: TODD MITCHELL
- Phone: (502) 347-6000
Plan General Information
NORTH AMERICAN STAINLESS SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NORTH AMERICAN STAINLESS SAVINGS PLAN is $286,245,435.00.This plan was established in 1992.
NORTH AMERICAN STAINLESS SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NORTH AMERICAN STAINLESS SAVINGS PLAN is 1825
NORTH AMERICAN STAINLESS SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NORTH AMERICAN STAINLESS SAVINGS PLAN is $156,846.00
NORTH AMERICAN STAINLESS SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NORTH AMERICAN STAINLESS SAVINGS PLAN is $8,608.00.
NORTH AMERICAN STAINLESS SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NORTH AMERICAN STAINLESS SAVINGS PLAN is approximately $4,222.00
Investing in this additonal $4,222.00 for 20 years would give you extra $270,256.00, assuming a 10% annual return.
Investing in this additonal $4,222.00 for 20 years would give you extra $270,256.00, assuming a 10% annual return.
NORTH AMERICAN STAINLESS SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, NORTH AMERICAN STAINLESS SAVINGS PLAN allocates $7,706,531.00 to match its employees' contributions, providing an employer match rate of 50.89% of their contributions
NORTH AMERICAN STAINLESS SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NORTH AMERICAN STAINLESS SAVINGS PLAN is 20.93%.
NORTH AMERICAN STAINLESS SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NORTH AMERICAN STAINLESS SAVINGS PLAN is 17.69%. This measures the effectiveness of the plan participants' investments in the year.
NORTH AMERICAN STAINLESS SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NORTH AMERICAN STAINLESS SAVINGS PLAN is 0.03%.
Enrollment Features
NORTH AMERICAN STAINLESS SAVINGS 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.
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