# Farwest Steel Corporation 401(k) Plan
Source: https://planprovider.pro/companies/farwest-steel-corporation-401k-plan

> Farwest Steel Corporation's 401(k) plan: 648 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Farwest Steel Corporation

- **Sponsor EIN:** 930588199

- **Sponsor Address:** 2000 HENDERSON AVENUE, EUGENE, OR, 97403

- **Plan Type:** 401(k)

- **Total Participants:** 648

- **Total Assets:** $47.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|648|$47.9M|$1.3M|$3.0M|

| 2023|658|$42.4M|$1.2M|$2.7M|

| 2022|623|$36.6M|$1.2M|$2.7M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$78,527|—|$78,527|

| PRIME PENSIONS NORTHWEST, LLC|TPA|$35,316|—|$35,316|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$16,223|—|$16,223|

| KERNUTT STOKES LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KERNUTT STOKES LLP](https://planprovider.pro/provider/kernutt-stokes-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $130,066

- **Estimated Expense Ratio:** 0.271% 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|$130,066|$16,223|—|—|—|

| 2023|$91,865|$13,466|—|—|—|

| 2022|$74,167|$11,663|$62,504|—|—|

## Similar Plans

- [Schnitzer Steel Industries, INC.](https://planprovider.pro/companies/schnitzer-steel-industries-inc-401k-plan-010) — 2,439 participants

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