WESCAST INDUSTRIES, INC. 401(K) PLAN

Plan Contact

  • Address: 6300 18 12 MILE RD,STERLING HEIGHTS,MI
  • Contact person: THERESA HREBEN
  • Phone: (586) 323-4300

Plan General Information

WESCAST INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of WESCAST INDUSTRIES, INC. 401(K) PLAN is $3,574,706.00.This plan was established in 2000.

WESCAST INDUSTRIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in WESCAST INDUSTRIES, INC. 401(K) PLAN is 122

WESCAST INDUSTRIES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for WESCAST INDUSTRIES, INC. 401(K) PLAN is $29,300.00

WESCAST INDUSTRIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for WESCAST INDUSTRIES, INC. 401(K) PLAN is $2,138.00.

WESCAST INDUSTRIES, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in WESCAST INDUSTRIES, INC. 401(K) PLAN is approximately $1,608.00
Investing in this additonal $1,608.00 for 20 years would give you extra $102,968.00, assuming a 10% annual return.

WESCAST INDUSTRIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, WESCAST INDUSTRIES, INC. 401(K) PLAN allocates $196,284.00 to match its employees' contributions, providing an employer match rate of 74.63% of their contributions

WESCAST INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of WESCAST INDUSTRIES, INC. 401(K) PLAN is 14.03%.

WESCAST INDUSTRIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for WESCAST INDUSTRIES, INC. 401(K) PLAN is 12.97%. This measures the effectiveness of the plan participants' investments in the year.

WESCAST INDUSTRIES, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of WESCAST INDUSTRIES, INC. 401(K) PLAN is 0.85%.

Enrollment Features

WESCAST INDUSTRIES, 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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