Plan Snapshot
- Plan Sponsor: Flack Steel LLC
- Sponsor EIN: 272520133
- Sponsor Address: 55 PUBLIC SQUARE, CLEVELAND, OH, 44113
- Plan Type: 401(k)
- Total Participants: 479
- Total Assets: $14.1M
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 | 479 | $14.1M | $667,722 | $2.1M |
| 2023 | 306 | $10.7M | $331,100 | $1.1M |
| 2022 | 71 | $7.3M | $121,542 | $691,386 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | ADVISOR | $40,215 | — | $40,215 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $23,152 | — | $23,152 |
| ELLIOTT DAVIS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ELLIOTT DAVIS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,367
- Estimated Expense Ratio: 0.450% 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 | $64,447 | $41,295 | — | — | — |
| 2023 | $1,425,168 | — | $32,350 | — | — |
| 2022 | — | — | — | — | — |