SMITH INDUSTRIES 401(K) PLAN
Plan Contact
- Address: 3601 E STATE HWY 158,MIDLAND,TX
- Contact person: JANENE BINNION
- Phone: (432) 638-9722
Plan General Information
SMITH INDUSTRIES 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SMITH INDUSTRIES 401(K) PLAN is $1,691,910.00.This plan was established in 2023.
SMITH INDUSTRIES 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SMITH INDUSTRIES 401(K) PLAN is 122
SMITH INDUSTRIES 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SMITH INDUSTRIES 401(K) PLAN is $13,868.00
SMITH INDUSTRIES 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SMITH INDUSTRIES 401(K) PLAN is $5,712.00.
SMITH INDUSTRIES 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SMITH INDUSTRIES 401(K) PLAN is approximately $1,613.00
Investing in this additonal $1,613.00 for 20 years would give you extra $103,281.00, assuming a 10% annual return.
Investing in this additonal $1,613.00 for 20 years would give you extra $103,281.00, assuming a 10% annual return.
SMITH INDUSTRIES 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, SMITH INDUSTRIES 401(K) PLAN allocates $196,881.00 to match its employees' contributions, providing an employer match rate of 56.50% of their contributions
SMITH INDUSTRIES 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SMITH INDUSTRIES 401(K) PLAN is 1.03%.
Enrollment Features
SMITH INDUSTRIES 401(K) 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.
Recent Articles
- Roth IRAs for Retirees
- Lazy Portfolios Aren't Lazy in Growing Wealth
- Lazy Portfolios in Different Market Conditions
- Tax-Efficient Lazy Portfolios
- Lazy Portfolios for Retirement Investing
- How to Implement a Lazy Portfolio
- What Are Lazy Portfolios?
- IRAs as One of the Emergency Fund Sources
- How to Borrow From an IRA?
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Retirement Calculator
See how much you can save for retirement.
Investment Calculator
Grow your wealth and see the power of compounding.
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expenses, investment options, rollover your old plan, or learn how to select investments on your 401k plan ...