Selway Machine Tool 401(k) match, vesting and fees
What Selway Machine Tool's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Aprio LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Selway Machine Tool: employer contribution per participant | $2,284 | |
| Peer median | $1,988 |
| Selway Machine Tool: average balance | $174,881 | |
| Peer median | $75,431 |
| Selway Machine Tool: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $21.4M at the end of plan year 2021 to $26.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 159 | $26.9M | $352K | $2,284 | 0.26% | Not published | Form 5500 ↗ |
| 2023 | 162 | $22.3M | $341K | $2,170 | 0.25% | Not published | Form 5500 ↗ |
| 2022 | 172 | $18.9M | $338K | $2,002 | 0.24% | Not published | Form 5500 ↗ |
| 2021 | 165 | $21.4M | $304K | $1,854 | 0.31% | Not published | Form 5500 ↗ |
Other Selway Machine Tool plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Selway Machine Tool Co., Inc. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Aprio LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Selway Machine Tool match 401(k) contributions?
The match terms for the Selway Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $352K in employer contributions, about $2,284 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Selway Machine Tool 401(k) match vested?
The vesting schedule for the Selway Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Selway Machine Tool 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Selway Machine Tool Company, Inc..
I left Selway Machine Tool. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Selway Machine Tool Company, Inc., (510) 487-2525) or the recordkeeper, Principal Life Insurance Company. The Selway Machine Tool old 401(k) page lists the contacts from every plan filing. Find an old Selway Machine Tool 401(k)
Data from the public Form 5500 annual reports Selway Machine Tool filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Selway Machine Tool. Not financial advice. Report a correction · Methodology