BANKER STEEL CO. 401(K) RETIREMENT PLAN

At the end of 2023, the total retirement plan assets of BANKER STEEL CO. 401(K) RETIREMENT PLAN is $20,984,474.This plan was established in 1999.

At the end of 2023, the total number of retirement plan participants in BANKER STEEL CO. 401(K) RETIREMENT PLAN is 613

In 2023, the average participant retirement account value for BANKER STEEL CO. 401(K) RETIREMENT PLAN is $34,232

In 2023, the estimated average employee contribution amount per participant for BANKER STEEL CO. 401(K) RETIREMENT PLAN is $2,540

In 2023, the estimated average employer match for an employee in BANKER STEEL CO. 401(K) RETIREMENT PLAN is approximately $1,494

In 2023, BANKER STEEL CO. 401(K) RETIREMENT PLAN allocates $916,285 to match its employees’ contributions, providing an employer match rate of 55.78% of their contributions

In 2023, the total retirement plan asset growth rate of BANKER STEEL CO. 401(K) RETIREMENT PLAN is 10.91%

In 2023, the estimated aggregate retirement account investment gain/loss for BANKER STEEL CO. 401(K) RETIREMENT PLAN is -5.47%. This measures the effectiveness of the plan participants’ investments in the year.

In 2023, the investment and administrative expense ratio of BANKER STEEL CO. 401(K) RETIREMENT PLAN is 0.02%.

Enrollment Features

BANKER STEEL CO. 401(K) RETIREMENT 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.