TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN
Plan Contact
- Address: 1835 DUEBER AVE, SW,CANTON,OH
- Contact person: KRISTOPHER R. WESTBROOKS
- Phone: (330) 438-3000
Plan General Information
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is $195,993,031.00.This plan was established in 2014.
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is 969
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is $202,263.00
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is $6,301.00.
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is approximately $2,829.00
Investing in this additonal $2,829.00 for 20 years would give you extra $181,083.00, assuming a 10% annual return.
Investing in this additonal $2,829.00 for 20 years would give you extra $181,083.00, assuming a 10% annual return.
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Total Employer Contribution and Match Rate
In 2022, TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN allocates $2,741,719.00 to match its employees' contributions, providing an employer match rate of 43.17% of their contributions
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is -29.19%.
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is -16.89%. This measures the effectiveness of the plan participants' investments in the year.
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION PLAN is 0.03%.
Enrollment Features
TIMKENSTEEL CORPORATION SAVINGS AND INVESTMENT PENSION 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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