UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN
Plan Contact
- Address: 1230 RICHEY ROAD,HOUSTON,TX
- Contact person: JEAN MOLONEY
- Phone: (281) 951-2062
Plan General Information
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is $2,963,416.00.This plan was established in 2008.
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is 135
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is $21,951.00
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is $3,319.00.
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is approximately $1,024.00
Investing in this additonal $1,024.00 for 20 years would give you extra $65,566.00, assuming a 10% annual return.
Investing in this additonal $1,024.00 for 20 years would give you extra $65,566.00, assuming a 10% annual return.
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN allocates $138,305.00 to match its employees' contributions, providing an employer match rate of 61.73% of their contributions
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is -11.60%.
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is -17.36%. This measures the effectiveness of the plan participants' investments in the year.
UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of UNIVERSAL STEEL AMERICA, INC. 401(K) PLAN is 0.96%.
Enrollment Features
UNIVERSAL STEEL AMERICA, 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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