WAYNE METALS, LLC 401(K) PLAN

At the end of 2022, the total retirement plan assets of WAYNE METALS, LLC 401(K) PLAN is $2,514,207.This plan was established in 2002.

At the end of 2022, the total number of retirement plan participants in WAYNE METALS, LLC 401(K) PLAN is 164

In 2022, the average participant retirement account value for WAYNE METALS, LLC 401(K) PLAN is $15,330

In 2022, the estimated average employee contribution amount per participant for WAYNE METALS, LLC 401(K) PLAN is $1,099

In 2022, the estimated average employer match for an employee in WAYNE METALS, LLC 401(K) PLAN is approximately $65

In 2022, WAYNE METALS, LLC 401(K) PLAN allocates $10,758 to match its employees’ contributions, providing an employer match rate of 5.77% of their contributions

In 2022, the total retirement plan asset growth rate of WAYNE METALS, LLC 401(K) PLAN is -15.45%

In 2022, the estimated aggregate retirement account investment gain/loss for WAYNE METALS, LLC 401(K) PLAN is -17.74%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of WAYNE METALS, LLC 401(K) PLAN is 0.22%.

Enrollment Features

WAYNE METALS, LLC 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.