Plan Snapshot
- Plan Sponsor: Kenwal Steel Corporation
- Sponsor EIN: 381292661
- Sponsor Address: 8223 W WARREN AVENUE, DEARBORN, MI, 481261615
- Plan Type: DC
- Total Participants: 290
- Total Assets: $38.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 290 | $38.9M | $1.2M | $1.7M |
| 2023 | 296 | $37.7M | $1.2M | $1.6M |
| 2022 | 301 | $32.2M | $1.3M | $1.6M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL | Investment Advisor | $91,095 | — | $91,095 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $40,539 | — | $40,539 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,634
- Estimated Expense Ratio: 0.339% 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 | $131,634 | $91,095 | $40,539 | — | — |
| 2023 | $118,786 | $82,932 | $35,854 | — | — |
| 2022 | $100,843 | — | $100,843 | — | — |