SHERMCO INDUSTRIES, INC. 401(K) PLAN

Plan Contact

  • Address: 2425 EAST PIONEER DRIVE,IRVING,TX
  • Contact person: KRISTIN BURK
  • Phone: (972) 793-5523

Plan General Information

SHERMCO INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SHERMCO INDUSTRIES, INC. 401(K) PLAN is $69,591,506.00.This plan was established in 1979.

SHERMCO INDUSTRIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SHERMCO INDUSTRIES, INC. 401(K) PLAN is 1081

SHERMCO INDUSTRIES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SHERMCO INDUSTRIES, INC. 401(K) PLAN is $64,376.00

SHERMCO INDUSTRIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SHERMCO INDUSTRIES, INC. 401(K) PLAN is $7,205.00.

SHERMCO INDUSTRIES, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SHERMCO INDUSTRIES, INC. 401(K) PLAN is approximately $2,280.00
Investing in this additonal $2,280.00 for 20 years would give you extra $145,970.00, assuming a 10% annual return.

SHERMCO INDUSTRIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, SHERMCO INDUSTRIES, INC. 401(K) PLAN allocates $2,465,534.00 to match its employees' contributions, providing an employer match rate of 33.83% of their contributions

SHERMCO INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SHERMCO INDUSTRIES, INC. 401(K) PLAN is 28.48%.

SHERMCO INDUSTRIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SHERMCO INDUSTRIES, INC. 401(K) PLAN is 17.24%. This measures the effectiveness of the plan participants' investments in the year.

SHERMCO INDUSTRIES, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SHERMCO INDUSTRIES, INC. 401(K) PLAN is 0.27%.

Enrollment Features

SHERMCO INDUSTRIES, INC. 401(K) 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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