Plan Snapshot
- Plan Sponsor: King Steel Corporation
- Sponsor EIN: 341279599
- Sponsor Address: 5225 EAST COOK ROAD, GRAND BLANC, MI, 48439
- Plan Type: 401(k)
- Total Participants: 94
- Total Assets: $11.4M
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 | 94 | $11.4M | $255,968 | $488,288 |
| 2023 | 123 | $9.6M | $265,864 | $457,114 |
| 2022 | 110 | $8.6M | $205,170 | $411,170 |
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 |
|---|---|---|---|---|
| RESOURCES INVESTMENT ADVISORS, INC. | Recordkeeper | $31,645 | — | $31,645 |
| ADP, INC. | Recordkeeper | $5,928 | — | $5,928 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RESOURCES INVESTMENT ADVISORS, INC. — Recordkeeper
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,573
- Estimated Expense Ratio: 0.328% 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 | $37,575 | $31,646 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |