OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN

Plan Contact

  • Address: 727 MAUNEY DRIVE,COLUMBIA,SC
  • Contact person: NEKITA JOYNER
  • Phone: (803) 251-7504

Plan General Information

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is $12,047,709.00.This plan was established in 2002.

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is 295

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is $40,839.00

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is $2,749.00.

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is approximately $1,011.00
Investing in this additonal $1,011.00 for 20 years would give you extra $64,743.00, assuming a 10% annual return.

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN allocates $298,426.00 to match its employees' contributions, providing an employer match rate of 36.06% of their contributions

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is 22.01%.

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is 16.27%. This measures the effectiveness of the plan participants' investments in the year.

OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of OWEN STEEL COMPANY INC. 401(K) SAVINGS PLAN is 0.33%.

Enrollment Features

OWEN STEEL COMPANY INC. 401(K) SAVINGS 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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