Civic Intelligence

Quanex Building Products Corp.

Plan context: Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan

EIN 26-1561397 • Houston, TX • 101 filings • 17 plans

1900 West Loop South Suite 1500Houston, TX 77027
Current Snapshot

Latest Year

2024

2024 Participants

4,006

2024 Assets

$388,636,211

2024 Contributions

$21,263,747

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$388,636,211$194,318,106$0200720162024YearValue
$388,636,211Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

5,5632,7820200720162024YearValue
4,006Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202454,006$388,636,211$21,263,747$5,308iApproximate average salary by contribution assumption: employee only about $132,699 at 4% or $88,466 at 6%; with 50% employer match about $88,466 at 4% or $58,977 at 6%; with 100% employer match about $66,350 at 4% or $44,233 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-4,006$388,636,211$13,714,371$3,423iApproximate average salary by contribution assumption: employee only about $85,586 at 4% or $57,058 at 6%; with 50% employer match about $57,058 at 4% or $38,038 at 6%; with 100% employer match about $42,793 at 4% or $28,529 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-0-$1,183,087-
Quanex Building Products Corporation Health and Welfare Plan-2,574---
Quanex Building Products Corp Salaried Severance Plan-2,846---
Quanex Building Products Custom Components Salaried and Nonunion Employee 401(K) Plan-0-$6,366,289-
202363,023$237,309,743$31,518,015$10,426iApproximate average salary by contribution assumption: employee only about $260,652 at 4% or $173,768 at 6%; with 50% employer match about $173,768 at 4% or $115,845 at 6%; with 100% employer match about $130,326 at 4% or $86,884 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-1,988$142,492,186$17,741,522$8,924iApproximate average salary by contribution assumption: employee only about $223,108 at 4% or $148,738 at 6%; with 50% employer match about $148,738 at 4% or $99,159 at 6%; with 100% employer match about $111,554 at 4% or $74,369 at 6%.
Quanex Building Products Custom Components Salaried and Nonunion Employee 401(K) Plan-1,133$94,774,855$7,465,661$6,589iApproximate average salary by contribution assumption: employee only about $164,732 at 4% or $109,821 at 6%; with 50% employer match about $109,821 at 4% or $73,214 at 6%; with 100% employer match about $82,366 at 4% or $54,911 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-17$42,702$6,310,832$371,225iApproximate average salary by contribution assumption: employee only about $9,280,635 at 4% or $6,187,090 at 6%; with 50% employer match about $6,187,090 at 4% or $4,124,727 at 6%; with 100% employer match about $4,640,318 at 4% or $3,093,545 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-3,010---
Quanex Building Products Corp Salaried Severance Plan-3,023---
Mchattie Scholarship-3,020---
202263,066$225,761,556$17,245,096$5,625iApproximate average salary by contribution assumption: employee only about $140,616 at 4% or $93,744 at 6%; with 50% employer match about $93,744 at 4% or $62,496 at 6%; with 100% employer match about $70,308 at 4% or $46,872 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,122$114,465,093$11,260,754$5,307iApproximate average salary by contribution assumption: employee only about $132,667 at 4% or $88,445 at 6%; with 50% employer match about $88,445 at 4% or $58,963 at 6%; with 100% employer match about $66,333 at 4% or $44,222 at 6%.
Quanex Building Products Custom Components Salaried and Nonunion Employee 401(K) Plan-1,160$83,000,315$5,984,342$5,159iApproximate average salary by contribution assumption: employee only about $128,973 at 4% or $85,982 at 6%; with 50% employer match about $85,982 at 4% or $57,321 at 6%; with 100% employer match about $64,486 at 4% or $42,991 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-957$28,296,148--
Quanex Building Products Corporation Health and Welfare Plan-3,050---
Quanex Building Products Corp Salaried Severance Plan-434---
Mchattie Scholarship-3,066---
202163,064$282,865,207$17,701,066$5,777iApproximate average salary by contribution assumption: employee only about $144,428 at 4% or $96,285 at 6%; with 50% employer match about $96,285 at 4% or $64,190 at 6%; with 100% employer match about $72,214 at 4% or $48,143 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-1,969$144,696,483$11,111,613$5,643iApproximate average salary by contribution assumption: employee only about $141,082 at 4% or $94,055 at 6%; with 50% employer match about $94,055 at 4% or $62,703 at 6%; with 100% employer match about $70,541 at 4% or $47,027 at 6%.
Quanex Building Products Custom Components Salaried and Nonunion Employee 401(K) Plan-1,239$100,406,190$6,589,453$5,318iApproximate average salary by contribution assumption: employee only about $132,959 at 4% or $88,639 at 6%; with 50% employer match about $88,639 at 4% or $59,093 at 6%; with 100% employer match about $66,480 at 4% or $44,320 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,094$37,762,534--
Quanex Building Products Corporation Health and Welfare Plan-3,064---
Mchattie Scholarship-3,036---
Quanex Building Products Corp Salaried Severance Plan-444---
202062,999$253,989,355$14,821,478$4,942iApproximate average salary by contribution assumption: employee only about $123,554 at 4% or $82,369 at 6%; with 50% employer match about $82,369 at 4% or $54,913 at 6%; with 100% employer match about $61,777 at 4% or $41,185 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-1,825$126,673,746$8,928,533$4,892iApproximate average salary by contribution assumption: employee only about $122,309 at 4% or $81,539 at 6%; with 50% employer match about $81,539 at 4% or $54,359 at 6%; with 100% employer match about $61,154 at 4% or $40,770 at 6%.
Quanex Building Products Custom Components Salaried and Nonunion Employee 401(K) Plan-1,250$89,419,556$5,392,945$4,314iApproximate average salary by contribution assumption: employee only about $107,859 at 4% or $71,906 at 6%; with 50% employer match about $71,906 at 4% or $47,937 at 6%; with 100% employer match about $53,929 at 4% or $35,953 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,311$37,896,053$500,000$381iApproximate average salary by contribution assumption: employee only about $9,535 at 4% or $6,356 at 6%; with 50% employer match about $6,356 at 4% or $4,238 at 6%; with 100% employer match about $4,767 at 4% or $3,178 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-2,939---
Mchattie Scholarship-2,999---
Quanex Building Products Corp Salaried Severance Plan-429---
201953,011$144,845,838$15,102,389$5,016iApproximate average salary by contribution assumption: employee only about $125,393 at 4% or $83,596 at 6%; with 50% employer match about $83,596 at 4% or $55,730 at 6%; with 100% employer match about $62,697 at 4% or $41,798 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-3,011$109,044,538$11,402,389$3,787iApproximate average salary by contribution assumption: employee only about $94,673 at 4% or $63,115 at 6%; with 50% employer match about $63,115 at 4% or $42,077 at 6%; with 100% employer match about $47,336 at 4% or $31,558 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,512$35,801,300$3,700,000$2,447iApproximate average salary by contribution assumption: employee only about $61,177 at 4% or $40,785 at 6%; with 50% employer match about $40,785 at 4% or $27,190 at 6%; with 100% employer match about $30,589 at 4% or $20,392 at 6%.
Quanex Building Products Corp Salaried Severance Plan-424---
Quanex Building Products Corporation Health and Welfare Plan-2,897---
Mchattie Scholarship-2,945---
201853,169$192,267,873$12,198,629$3,849iApproximate average salary by contribution assumption: employee only about $96,234 at 4% or $64,156 at 6%; with 50% employer match about $64,156 at 4% or $42,771 at 6%; with 100% employer match about $48,117 at 4% or $32,078 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-3,169$161,664,376$11,508,629$3,632iApproximate average salary by contribution assumption: employee only about $90,791 at 4% or $60,527 at 6%; with 50% employer match about $60,527 at 4% or $40,351 at 6%; with 100% employer match about $45,395 at 4% or $30,264 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,520$30,603,497$690,000$454iApproximate average salary by contribution assumption: employee only about $11,349 at 4% or $7,566 at 6%; with 50% employer match about $7,566 at 4% or $5,044 at 6%; with 100% employer match about $5,674 at 4% or $3,783 at 6%.
Quanex Building Products Corp Salaried Severance Plan-443---
Mchattie Scholarship-3,092---
Quanex Building Products Corporation Health and Welfare Plan-3,063---
201753,717$210,779,582$11,836,793$3,185iApproximate average salary by contribution assumption: employee only about $79,613 at 4% or $53,075 at 6%; with 50% employer match about $53,075 at 4% or $35,383 at 6%; with 100% employer match about $39,806 at 4% or $26,538 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-3,717$175,428,936$11,072,793$2,979iApproximate average salary by contribution assumption: employee only about $74,474 at 4% or $49,649 at 6%; with 50% employer match about $49,649 at 4% or $33,100 at 6%; with 100% employer match about $37,237 at 4% or $24,825 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,745$35,350,646$764,000$438iApproximate average salary by contribution assumption: employee only about $10,946 at 4% or $7,297 at 6%; with 50% employer match about $7,297 at 4% or $4,865 at 6%; with 100% employer match about $5,473 at 4% or $3,649 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-3,194---
Mchattie Scholarship-3,205---
Quanex Building Products Corp Salaried Severance Plan-439---
201653,603$138,777,761$11,549,064$3,205iApproximate average salary by contribution assumption: employee only about $80,135 at 4% or $53,423 at 6%; with 50% employer match about $53,423 at 4% or $35,616 at 6%; with 100% employer match about $40,068 at 4% or $26,712 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-3,603$105,361,646$7,949,064$2,206iApproximate average salary by contribution assumption: employee only about $55,156 at 4% or $36,771 at 6%; with 50% employer match about $36,771 at 4% or $24,514 at 6%; with 100% employer match about $27,578 at 4% or $18,385 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,698$33,416,115$3,600,000$2,120iApproximate average salary by contribution assumption: employee only about $53,004 at 4% or $35,336 at 6%; with 50% employer match about $35,336 at 4% or $23,557 at 6%; with 100% employer match about $26,502 at 4% or $17,668 at 6%.
Quanex Building Products Corp Salaried Severance Plan-469---
Mchattie Scholarship-2,037---
Quanex Building Products Corporation Health and Welfare Plan-2,054---
201552,633$128,801,482$10,595,320$4,024iApproximate average salary by contribution assumption: employee only about $100,601 at 4% or $67,067 at 6%; with 50% employer match about $67,067 at 4% or $44,712 at 6%; with 100% employer match about $50,301 at 4% or $33,534 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,633$99,740,103$6,895,320$2,619iApproximate average salary by contribution assumption: employee only about $65,470 at 4% or $43,647 at 6%; with 50% employer match about $43,647 at 4% or $29,098 at 6%; with 100% employer match about $32,735 at 4% or $21,823 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,803$29,061,379$3,700,000$2,052iApproximate average salary by contribution assumption: employee only about $51,303 at 4% or $34,202 at 6%; with 50% employer match about $34,202 at 4% or $22,802 at 6%; with 100% employer match about $25,652 at 4% or $17,101 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-2,094---
Mchattie Scholarship-2,131---
Quanex Building Products Corp Salaried Severance Plan-481---
201452,628$134,165,566$9,103,953$3,464iApproximate average salary by contribution assumption: employee only about $86,605 at 4% or $57,737 at 6%; with 50% employer match about $57,737 at 4% or $38,491 at 6%; with 100% employer match about $43,303 at 4% or $28,868 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,247$106,345,150$6,303,953$2,805iApproximate average salary by contribution assumption: employee only about $70,137 at 4% or $46,758 at 6%; with 50% employer match about $46,758 at 4% or $31,172 at 6%; with 100% employer match about $35,069 at 4% or $23,379 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,741$27,820,416$2,800,000$1,608iApproximate average salary by contribution assumption: employee only about $40,207 at 4% or $26,805 at 6%; with 50% employer match about $26,805 at 4% or $17,870 at 6%; with 100% employer match about $20,103 at 4% or $13,402 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-1,901---
Quanex Building Products Corp Salaried Severance Plan-459---
Mchattie Scholarship-2,628---
201365,563$193,517,749$13,777,330$2,477iApproximate average salary by contribution assumption: employee only about $61,915 at 4% or $41,277 at 6%; with 50% employer match about $41,277 at 4% or $27,518 at 6%; with 100% employer match about $30,958 at 4% or $20,638 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,492$124,006,664$7,214,049$2,895iApproximate average salary by contribution assumption: employee only about $72,372 at 4% or $48,248 at 6%; with 50% employer match about $48,248 at 4% or $32,165 at 6%; with 100% employer match about $36,186 at 4% or $24,124 at 6%.
QUANEX BUILDING PRODUCTS UNION EMPLOYEE 401(K) PLAN-553$41,781,239$2,053,281$3,713iApproximate average salary by contribution assumption: employee only about $92,825 at 4% or $61,883 at 6%; with 50% employer match about $61,883 at 4% or $41,255 at 6%; with 100% employer match about $46,412 at 4% or $30,942 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,805$27,729,846$4,510,000$2,499iApproximate average salary by contribution assumption: employee only about $62,465 at 4% or $41,644 at 6%; with 50% employer match about $41,644 at 4% or $27,762 at 6%; with 100% employer match about $31,233 at 4% or $20,822 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-2,435---
Quanex Building Products Corp Salaried Severance Plan-1,160---
Mchattie Scholarship-5,563---
201262,152$167,247,543$11,855,289$5,509iApproximate average salary by contribution assumption: employee only about $137,724 at 4% or $91,816 at 6%; with 50% employer match about $91,816 at 4% or $61,211 at 6%; with 100% employer match about $68,862 at 4% or $45,908 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,079$105,979,299$6,448,837$3,102iApproximate average salary by contribution assumption: employee only about $77,547 at 4% or $51,698 at 6%; with 50% employer match about $51,698 at 4% or $34,465 at 6%; with 100% employer match about $38,774 at 4% or $25,849 at 6%.
QUANEX BUILDING PRODUCTS UNION EMPLOYEE 401(K) PLAN-560$39,153,192$2,106,452$3,762iApproximate average salary by contribution assumption: employee only about $94,038 at 4% or $62,692 at 6%; with 50% employer match about $62,692 at 4% or $41,795 at 6%; with 100% employer match about $47,019 at 4% or $31,346 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,725$22,115,052$3,300,000$1,913iApproximate average salary by contribution assumption: employee only about $47,826 at 4% or $31,884 at 6%; with 50% employer match about $31,884 at 4% or $21,256 at 6%; with 100% employer match about $23,913 at 4% or $15,942 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-2,152---
Quanex Building Products Corp Salaried Severance Plan-631---
Mchattie Scholarship-2,131---
201162,340$163,108,982$14,637,675$6,255iApproximate average salary by contribution assumption: employee only about $156,385 at 4% or $104,257 at 6%; with 50% employer match about $104,257 at 4% or $69,505 at 6%; with 100% employer match about $78,193 at 4% or $52,128 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,004$100,590,150$7,579,798$3,782iApproximate average salary by contribution assumption: employee only about $94,558 at 4% or $63,039 at 6%; with 50% employer match about $63,039 at 4% or $42,026 at 6%; with 100% employer match about $47,279 at 4% or $31,519 at 6%.
QUANEX BUILDING PRODUCTS UNION EMPLOYEE 401(K) PLAN-679$44,638,680$2,857,877$4,209iApproximate average salary by contribution assumption: employee only about $105,224 at 4% or $70,149 at 6%; with 50% employer match about $70,149 at 4% or $46,766 at 6%; with 100% employer match about $52,612 at 4% or $35,075 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,649$17,880,152$4,200,000$2,547iApproximate average salary by contribution assumption: employee only about $63,675 at 4% or $42,450 at 6%; with 50% employer match about $42,450 at 4% or $28,300 at 6%; with 100% employer match about $31,837 at 4% or $21,225 at 6%.
Quanex Building Products Corporation Health and Welfare Plan-2,211---
Mchattie Scholarship-2,340---
Quanex Building Products Corp Salaried Severance Plan-1,061---
201072,109$161,758,370$12,134,626$5,754iApproximate average salary by contribution assumption: employee only about $143,843 at 4% or $95,896 at 6%; with 50% employer match about $95,896 at 4% or $63,930 at 6%; with 100% employer match about $71,922 at 4% or $47,948 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-1,851$102,082,164$5,087,200$2,748iApproximate average salary by contribution assumption: employee only about $68,709 at 4% or $45,806 at 6%; with 50% employer match about $45,806 at 4% or $30,537 at 6%; with 100% employer match about $34,354 at 4% or $22,903 at 6%.
QUANEX BUILDING PRODUCTS UNION EMPLOYEE 401(K) PLAN-688$44,595,668$3,025,691$4,398iApproximate average salary by contribution assumption: employee only about $109,945 at 4% or $73,297 at 6%; with 50% employer match about $73,297 at 4% or $48,865 at 6%; with 100% employer match about $54,973 at 4% or $36,648 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,502$15,080,538$4,021,735$2,678iApproximate average salary by contribution assumption: employee only about $66,940 at 4% or $44,626 at 6%; with 50% employer match about $44,626 at 4% or $29,751 at 6%; with 100% employer match about $33,470 at 4% or $22,313 at 6%.
Quanex Building Products Corp Salaried Severance Plan-926---
Mchattie Scholarship-2,109---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-0---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-0---
200981,964$144,986,903$10,487,895$5,340iApproximate average salary by contribution assumption: employee only about $133,502 at 4% or $89,001 at 6%; with 50% employer match about $89,001 at 4% or $59,334 at 6%; with 100% employer match about $66,751 at 4% or $44,501 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-1,867$94,785,398$3,902,982$2,091iApproximate average salary by contribution assumption: employee only about $52,263 at 4% or $34,842 at 6%; with 50% employer match about $34,842 at 4% or $23,228 at 6%; with 100% employer match about $26,131 at 4% or $17,421 at 6%.
QUANEX BUILDING PRODUCTS UNION EMPLOYEE 401K PLAN-682$39,579,441$2,254,904$3,306iApproximate average salary by contribution assumption: employee only about $82,658 at 4% or $55,105 at 6%; with 50% employer match about $55,105 at 4% or $36,737 at 6%; with 100% employer match about $41,329 at 4% or $27,553 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,498$10,622,064$4,330,009$2,891iApproximate average salary by contribution assumption: employee only about $72,263 at 4% or $48,175 at 6%; with 50% employer match about $48,175 at 4% or $32,117 at 6%; with 100% employer match about $36,132 at 4% or $24,088 at 6%.
Quanex Building Products Corp Salaried Severance Plan-1,145---
Mchattie Scholarship-1,964---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-294---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-1,532---
Quanex Building Products Corporation Health and Welfare Plan-0---
200882,122$123,803,813$12,695,799$5,983iApproximate average salary by contribution assumption: employee only about $149,574 at 4% or $99,716 at 6%; with 50% employer match about $99,716 at 4% or $66,477 at 6%; with 100% employer match about $74,787 at 4% or $49,858 at 6%.
Quanex Building Products Salaried and Nonunion Employee 401 (K) Plan-2,092$81,397,809$3,873,220$1,851iApproximate average salary by contribution assumption: employee only about $46,286 at 4% or $30,857 at 6%; with 50% employer match about $30,857 at 4% or $20,572 at 6%; with 100% employer match about $23,143 at 4% or $15,429 at 6%.
QUANEX BUILDING PRODUCTS UNION EMPLOYEE 401K PLA-699$35,894,176$2,847,135$4,073iApproximate average salary by contribution assumption: employee only about $101,829 at 4% or $67,886 at 6%; with 50% employer match about $67,886 at 4% or $45,257 at 6%; with 100% employer match about $50,914 at 4% or $33,943 at 6%.
Quanex Building Products Salaried and Nonunion Employee Pension Plan-1,724$6,511,828$5,975,444$3,466iApproximate average salary by contribution assumption: employee only about $86,651 at 4% or $57,767 at 6%; with 50% employer match about $57,767 at 4% or $38,511 at 6%; with 100% employer match about $43,325 at 4% or $28,884 at 6%.
Quanex Building Products Corp Salaried Severance Plan-560---
Mchattie Scholarship-2,122---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-0---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-304---
QUANEX BUILDING PRODUCTS CORPORATION HEALTH AND WELFARE PLAN-1,996---
20071562$48,833,675$3,192,950$5,681iApproximate average salary by contribution assumption: employee only about $142,035 at 4% or $94,690 at 6%; with 50% employer match about $94,690 at 4% or $63,127 at 6%; with 100% employer match about $71,018 at 4% or $47,345 at 6%.
QUANEX CORPORATION 401K SAVINGS PLAN FOR HOURLY EMPLOYEES-562$48,833,675$3,192,950$5,681iApproximate average salary by contribution assumption: employee only about $142,035 at 4% or $94,690 at 6%; with 50% employer match about $94,690 at 4% or $63,127 at 6%; with 100% employer match about $71,018 at 4% or $47,345 at 6%.