ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN

Overview

Plan Contact

  • Address: 3740 INDUSTRIAL BOULEVARD,ORANGEBURG,SC
  • Contact person: RICH PALMISANO
  • Phone: (803) 268-9500

Plan General Information


At the end of 2021, the total retirement plan assets of ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is $171,301,609.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is 1631

In 2021, the average participant retirement account value for ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is $105,028

In 2021, the estimated average employee contribution amount per participant for ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is $5,856

In 2021, the estimated average employer match for an employee in ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is approximately $2,022

In 2021, ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN allocates $3,299,040 to match its employees’ contributions, providing an employer match rate of 34.54% of their contributions

In 2021, the total retirement plan asset growth rate of ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is 21.09%

In 2021, the estimated aggregate retirement account investment gain/loss for ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is 15.71%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of ZEUS INDUSTRIAL PRODUCTS, INC. 401(K) PLAN is 0.02%.

Enrollment Features

ZEUS INDUSTRIAL PRODUCTS, 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.