OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN
Plan Contact
- Address: 22901 MILLCREEK BOULEVARD SUITE 650,HIGHLAND HILLS,OH
- Contact person: DANIEL HAWK
- Phone: (216) 292-3800
Plan General Information
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is $87,719,419.00.This plan was established in 1988.
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is 1455
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is $60,288.00
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is $7,448.00.
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is approximately $1,012.00
Investing in this additonal $1,012.00 for 20 years would give you extra $64,796.00, assuming a 10% annual return.
Investing in this additonal $1,012.00 for 20 years would give you extra $64,796.00, assuming a 10% annual return.
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN allocates $1,473,117.00 to match its employees' contributions, providing an employer match rate of 27.19% of their contributions
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is 18.34%.
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is 18.15%. This measures the effectiveness of the plan participants' investments in the year.
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN is 0.31%.
Enrollment Features
OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT 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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