Plan Snapshot
- Plan Sponsor: Alro Steel Corporation
- Sponsor EIN: 381300597
- Sponsor Address: 3100 E. HIGH STREET, JACKSON, MI, 49203
- Plan Type: 401(k)
- Plan Number: 016
- Total Participants: 171
- Total Assets: $11.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 171 | $11.4M | $131,711 | $564,891 |
| 2023 | 179 | $10.6M | $185,542 | $726,026 |
| 2022 | 229 | $11.2M | $162,077 | $732,196 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $20,334 | — | $20,334 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,334
- Estimated Expense Ratio: 0.179% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $20,334 | — | $20,334 | — | — |
| 2023 | $21,801 | — | $21,801 | — | — |
| 2022 | $36,472 | — | $36,472 | — | — |