Plan Snapshot
- Plan Sponsor: Alro Steel Corporation
- Sponsor EIN: 381300597
- Sponsor Address: 3100 E HIGH ST, JACKSON, MI, 492033467
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 3,238
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,238 | $0 | $0 | $0 |
| 2023 | 3,268 | $0 | $0 | $0 |
| 2022 | 2,917 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Recordkeeper | $2,528,784 | — | $2,528,784 |
| JFP BENEFIT MANAGEMENT, INC | Investment Advisor | $193,655 | — | $193,655 |
| KAPNICK & COMPANY INC | Investment Advisor | $103,457 | — | $103,457 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,825,896
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |