STORM MANUFACTURING , INC. 401(K) PLAN
Plan Contact
- Address: 240 INDUSTRIAL PARK LANE,DECATUR,TN
- Contact person: CRYSTAL SCHRIMPSHER
- Phone: (423) 334-4800
Plan General Information
STORM MANUFACTURING , INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of STORM MANUFACTURING , INC. 401(K) PLAN is $5,440,217.00.This plan was established in 2013.
STORM MANUFACTURING , INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in STORM MANUFACTURING , INC. 401(K) PLAN is 321
STORM MANUFACTURING , INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for STORM MANUFACTURING , INC. 401(K) PLAN is $16,947.00
STORM MANUFACTURING , INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for STORM MANUFACTURING , INC. 401(K) PLAN is $1,511.00.
STORM MANUFACTURING , INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in STORM MANUFACTURING , INC. 401(K) PLAN is approximately $790.00
Investing in this additonal $790.00 for 20 years would give you extra $50,569.00, assuming a 10% annual return.
Investing in this additonal $790.00 for 20 years would give you extra $50,569.00, assuming a 10% annual return.
STORM MANUFACTURING , INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, STORM MANUFACTURING , INC. 401(K) PLAN allocates $253,640.00 to match its employees' contributions, providing an employer match rate of 52.42% of their contributions
STORM MANUFACTURING , INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of STORM MANUFACTURING , INC. 401(K) PLAN is 21.87%.
STORM MANUFACTURING , INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for STORM MANUFACTURING , INC. 401(K) PLAN is 15.89%. This measures the effectiveness of the plan participants' investments in the year.
STORM MANUFACTURING , INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of STORM MANUFACTURING , INC. 401(K) PLAN is 0.73%.
Enrollment Features
STORM MANUFACTURING , INC. 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.
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