PALMER STEEL 401(K) PLAN

At the end of 2022, the total retirement plan assets of PALMER STEEL 401(K) PLAN is $1,940,830.This plan was established in 2007.

At the end of 2022, the total number of retirement plan participants in PALMER STEEL 401(K) PLAN is 118

In 2022, the average participant retirement account value for PALMER STEEL 401(K) PLAN is $16,447

In 2022, the estimated average employee contribution amount per participant for PALMER STEEL 401(K) PLAN is $496

In 2022, the estimated average employer match for an employee in PALMER STEEL 401(K) PLAN is approximately $247

In 2022, PALMER STEEL 401(K) PLAN allocates $29,168 to match its employees’ contributions, providing an employer match rate of 48.97% of their contributions

In 2022, the total retirement plan asset growth rate of PALMER STEEL 401(K) PLAN is -14.43%

In 2022, the estimated aggregate retirement account investment gain/loss for PALMER STEEL 401(K) PLAN is -15.68%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PALMER STEEL 401(K) PLAN is 0.57%.

Enrollment Features

PALMER STEEL 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.