Civic Intelligence

Benco Steel Inc.

Plan context: Benco Steel Inc. 401K Plan

EIN 56-0844317 • Hickory, NC • 25 filings • 4 plans

PO Box 2053Hickory, NC 28603
Current Snapshot

Latest Year

2023

2023 Participants

27

2023 Assets

$4,787,506

2023 Contributions

$189,537

Historical Graphs

Total Assets Over Time

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

$4,787,506$2,393,753$0200420152023YearValue
$4,787,506Latest year 2023

Participants Over Time

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

38190200020122023YearValue
27Latest year 2023

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
2023227$4,787,506$189,537$7,020iApproximate average salary by contribution assumption: employee only about $175,497 at 4% or $116,998 at 6%; with 50% employer match about $116,998 at 4% or $77,999 at 6%; with 100% employer match about $87,749 at 4% or $58,499 at 6%.
Benco Steel Inc. 401K Plan-27$4,787,506$189,537$7,020iApproximate average salary by contribution assumption: employee only about $175,497 at 4% or $116,998 at 6%; with 50% employer match about $116,998 at 4% or $77,999 at 6%; with 100% employer match about $87,749 at 4% or $58,499 at 6%.
BENCO STEEL, INC EMPLOYEE BENEFIT PLAN-21---
2022223$4,010,409$180,528$7,849iApproximate average salary by contribution assumption: employee only about $196,226 at 4% or $130,817 at 6%; with 50% employer match about $130,817 at 4% or $87,212 at 6%; with 100% employer match about $98,113 at 4% or $65,409 at 6%.
Benco Steel Inc. 401K Plan-23$4,010,409$180,528$7,849iApproximate average salary by contribution assumption: employee only about $196,226 at 4% or $130,817 at 6%; with 50% employer match about $130,817 at 4% or $87,212 at 6%; with 100% employer match about $98,113 at 4% or $65,409 at 6%.
BENCO STEEL, INC EMPLOYEE BENEFIT PLAN-22---
2021122$3,926,408$199,938$9,088iApproximate average salary by contribution assumption: employee only about $227,202 at 4% or $151,468 at 6%; with 50% employer match about $151,468 at 4% or $100,979 at 6%; with 100% employer match about $113,601 at 4% or $75,734 at 6%.
Benco Steel Inc. 401K Plan-22$3,926,408$199,938$9,088iApproximate average salary by contribution assumption: employee only about $227,202 at 4% or $151,468 at 6%; with 50% employer match about $151,468 at 4% or $100,979 at 6%; with 100% employer match about $113,601 at 4% or $75,734 at 6%.
2020121$3,995,730$195,207$9,296iApproximate average salary by contribution assumption: employee only about $232,389 at 4% or $154,926 at 6%; with 50% employer match about $154,926 at 4% or $103,284 at 6%; with 100% employer match about $116,195 at 4% or $77,463 at 6%.
Benco Steel Inc. 401K Plan-21$3,995,730$195,207$9,296iApproximate average salary by contribution assumption: employee only about $232,389 at 4% or $154,926 at 6%; with 50% employer match about $154,926 at 4% or $103,284 at 6%; with 100% employer match about $116,195 at 4% or $77,463 at 6%.
2019125$3,666,700$217,298$8,692iApproximate average salary by contribution assumption: employee only about $217,298 at 4% or $144,865 at 6%; with 50% employer match about $144,865 at 4% or $96,577 at 6%; with 100% employer match about $108,649 at 4% or $72,433 at 6%.
Benco Steel Inc. 401K Plan-25$3,666,700$217,298$8,692iApproximate average salary by contribution assumption: employee only about $217,298 at 4% or $144,865 at 6%; with 50% employer match about $144,865 at 4% or $96,577 at 6%; with 100% employer match about $108,649 at 4% or $72,433 at 6%.
2018127$3,384,056$191,055$7,076iApproximate average salary by contribution assumption: employee only about $176,903 at 4% or $117,935 at 6%; with 50% employer match about $117,935 at 4% or $78,623 at 6%; with 100% employer match about $88,451 at 4% or $58,968 at 6%.
Benco Steel Inc. 401K Plan-27$3,384,056$191,055$7,076iApproximate average salary by contribution assumption: employee only about $176,903 at 4% or $117,935 at 6%; with 50% employer match about $117,935 at 4% or $78,623 at 6%; with 100% employer match about $88,451 at 4% or $58,968 at 6%.
2017128$3,098,237$197,360$7,049iApproximate average salary by contribution assumption: employee only about $176,214 at 4% or $117,476 at 6%; with 50% employer match about $117,476 at 4% or $78,317 at 6%; with 100% employer match about $88,107 at 4% or $58,738 at 6%.
Benco Steel Inc. 401K Plan-28$3,098,237$197,360$7,049iApproximate average salary by contribution assumption: employee only about $176,214 at 4% or $117,476 at 6%; with 50% employer match about $117,476 at 4% or $78,317 at 6%; with 100% employer match about $88,107 at 4% or $58,738 at 6%.
2016126$2,857,498$560,084$21,542iApproximate average salary by contribution assumption: employee only about $538,542 at 4% or $359,028 at 6%; with 50% employer match about $359,028 at 4% or $239,352 at 6%; with 100% employer match about $269,271 at 4% or $179,514 at 6%.
Benco Steel Inc. 401K Plan-26$2,857,498$560,084$21,542iApproximate average salary by contribution assumption: employee only about $538,542 at 4% or $359,028 at 6%; with 50% employer match about $359,028 at 4% or $239,352 at 6%; with 100% employer match about $269,271 at 4% or $179,514 at 6%.
2015129$2,325,628$194,545$6,708iApproximate average salary by contribution assumption: employee only about $167,711 at 4% or $111,807 at 6%; with 50% employer match about $111,807 at 4% or $74,538 at 6%; with 100% employer match about $83,856 at 4% or $55,904 at 6%.
Benco Steel Inc. 401K Plan-29$2,325,628$194,545$6,708iApproximate average salary by contribution assumption: employee only about $167,711 at 4% or $111,807 at 6%; with 50% employer match about $111,807 at 4% or $74,538 at 6%; with 100% employer match about $83,856 at 4% or $55,904 at 6%.
2014128$2,238,159$124,071$4,431iApproximate average salary by contribution assumption: employee only about $110,778 at 4% or $73,852 at 6%; with 50% employer match about $73,852 at 4% or $49,235 at 6%; with 100% employer match about $55,389 at 4% or $36,926 at 6%.
Benco Steel Inc. 401K Plan-28$2,238,159$124,071$4,431iApproximate average salary by contribution assumption: employee only about $110,778 at 4% or $73,852 at 6%; with 50% employer match about $73,852 at 4% or $49,235 at 6%; with 100% employer match about $55,389 at 4% or $36,926 at 6%.
2013127$3,677,919$140,555$5,206iApproximate average salary by contribution assumption: employee only about $130,144 at 4% or $86,762 at 6%; with 50% employer match about $86,762 at 4% or $57,842 at 6%; with 100% employer match about $65,072 at 4% or $43,381 at 6%.
Benco Steel Inc. 401K Plan-27$3,677,919$140,555$5,206iApproximate average salary by contribution assumption: employee only about $130,144 at 4% or $86,762 at 6%; with 50% employer match about $86,762 at 4% or $57,842 at 6%; with 100% employer match about $65,072 at 4% or $43,381 at 6%.
2012129$3,277,446$142,833$4,925iApproximate average salary by contribution assumption: employee only about $123,132 at 4% or $82,088 at 6%; with 50% employer match about $82,088 at 4% or $54,725 at 6%; with 100% employer match about $61,566 at 4% or $41,044 at 6%.
Benco Steel Inc. 401K Plan-29$3,277,446$142,833$4,925iApproximate average salary by contribution assumption: employee only about $123,132 at 4% or $82,088 at 6%; with 50% employer match about $82,088 at 4% or $54,725 at 6%; with 100% employer match about $61,566 at 4% or $41,044 at 6%.
2011138$2,762,692$133,160$3,504iApproximate average salary by contribution assumption: employee only about $87,605 at 4% or $58,404 at 6%; with 50% employer match about $58,404 at 4% or $38,936 at 6%; with 100% employer match about $43,803 at 4% or $29,202 at 6%.
Benco Steel Inc. 401K Plan-38$2,762,692$133,160$3,504iApproximate average salary by contribution assumption: employee only about $87,605 at 4% or $58,404 at 6%; with 50% employer match about $58,404 at 4% or $38,936 at 6%; with 100% employer match about $43,803 at 4% or $29,202 at 6%.
2010130$2,630,960$112,654$3,755iApproximate average salary by contribution assumption: employee only about $93,878 at 4% or $62,586 at 6%; with 50% employer match about $62,586 at 4% or $41,724 at 6%; with 100% employer match about $46,939 at 4% or $31,293 at 6%.
Benco Steel Inc. 401K Plan-30$2,630,960$112,654$3,755iApproximate average salary by contribution assumption: employee only about $93,878 at 4% or $62,586 at 6%; with 50% employer match about $62,586 at 4% or $41,724 at 6%; with 100% employer match about $46,939 at 4% or $31,293 at 6%.
2009131$2,485,915$104,225$3,362iApproximate average salary by contribution assumption: employee only about $84,052 at 4% or $56,035 at 6%; with 50% employer match about $56,035 at 4% or $37,357 at 6%; with 100% employer match about $42,026 at 4% or $28,017 at 6%.
Benco Steel Inc. 401K Plan-31$2,485,915$104,225$3,362iApproximate average salary by contribution assumption: employee only about $84,052 at 4% or $56,035 at 6%; with 50% employer match about $56,035 at 4% or $37,357 at 6%; with 100% employer match about $42,026 at 4% or $28,017 at 6%.
2007136$0$0-
Benco Steel Inc. 401K Plan-36---
2006133$2,637,241$100,000$3,030iApproximate average salary by contribution assumption: employee only about $75,758 at 4% or $50,505 at 6%; with 50% employer match about $50,505 at 4% or $33,670 at 6%; with 100% employer match about $37,879 at 4% or $25,253 at 6%.
Benco Steel Inc. 401K Plan-33$2,637,241$100,000$3,030iApproximate average salary by contribution assumption: employee only about $75,758 at 4% or $50,505 at 6%; with 50% employer match about $50,505 at 4% or $33,670 at 6%; with 100% employer match about $37,879 at 4% or $25,253 at 6%.
2005131$2,394,531$75,000$2,419iApproximate average salary by contribution assumption: employee only about $60,484 at 4% or $40,323 at 6%; with 50% employer match about $40,323 at 4% or $26,882 at 6%; with 100% employer match about $30,242 at 4% or $20,161 at 6%.
Benco Steel Inc. 401K Plan-31$2,394,531$75,000$2,419iApproximate average salary by contribution assumption: employee only about $60,484 at 4% or $40,323 at 6%; with 50% employer match about $40,323 at 4% or $26,882 at 6%; with 100% employer match about $30,242 at 4% or $20,161 at 6%.
2004133$2,114,325$75,000$2,273iApproximate average salary by contribution assumption: employee only about $56,818 at 4% or $37,879 at 6%; with 50% employer match about $37,879 at 4% or $25,253 at 6%; with 100% employer match about $28,409 at 4% or $18,939 at 6%.
Benco Steel Inc. 401K Plan-33$2,114,325$75,000$2,273iApproximate average salary by contribution assumption: employee only about $56,818 at 4% or $37,879 at 6%; with 50% employer match about $37,879 at 4% or $25,253 at 6%; with 100% employer match about $28,409 at 4% or $18,939 at 6%.
2003132$0$0-
Benco Steel Inc. 401K Plan-32---
2002132$0$0-
Benco Steel Inc. 401K Plan-32---
2001130$0$0-
Benco Steel Inc. 401K Plan-30---
2000130$0$0-
Benco Steel Inc. 401K Plan-30---