LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is $82,674,379.This plan was established in 1953.

At the end of 2022, the total number of retirement plan participants in LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is 1120

In 2022, the average participant retirement account value for LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is $73,816

In 2022, the estimated average employee contribution amount per participant for LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is $3,407

In 2022, the estimated average employer match for an employee in LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is approximately $3,579

In 2022, LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN allocates $4,008,906 to match its employees’ contributions, providing an employer match rate of 126.31% of their contributions

In 2022, the total retirement plan asset growth rate of LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is -16.94%

In 2022, the estimated aggregate retirement account investment gain/loss for LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is -17.80%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND RETIREMENT PLAN is 0.17%.

Enrollment Features

LOUIS PADNOS IRON & METAL COMPANY SAVINGS AND 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.