STEWARD MACHINE CO., INC. PROFIT SHARING PLAN
Plan Contact
- Address: 3911 13TH AVENUE NORTH,BIRMINGHAM,AL
- Contact person: BRETT MADISON
- Phone: (205) 841-6461
Plan General Information
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is $9,708,252.00.This plan was established in 1952.
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is 215
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is $45,154.00
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is $3,908.00.
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is approximately $623.00
Investing in this additonal $623.00 for 20 years would give you extra $39,903.00, assuming a 10% annual return.
Investing in this additonal $623.00 for 20 years would give you extra $39,903.00, assuming a 10% annual return.
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, STEWARD MACHINE CO., INC. PROFIT SHARING PLAN allocates $134,051.00 to match its employees' contributions, providing an employer match rate of 31.91% of their contributions
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is 19.30%.
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is 24.89%. This measures the effectiveness of the plan participants' investments in the year.
STEWARD MACHINE CO., INC. PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of STEWARD MACHINE CO., INC. PROFIT SHARING PLAN is 0.01%.
Enrollment Features
STEWARD MACHINE CO., INC. PROFIT SHARING 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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