# Louis Padnos Iron & Metal Company 401(k) Plan
Source: https://planprovider.pro/companies/louis-padnos-iron-metal-company-401k-plan

> Louis Padnos Iron & Metal Company's 401(k) plan: 928 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Louis Padnos Iron & Metal Company

- **Sponsor EIN:** 381283690

- **Sponsor Address:** 3495 VIADUCT STREET SW, GRANDVILLE, MI, 49418

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

- **Total Participants:** 928

- **Total Assets:** $103.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|928|$103.0M|$2.0M|$3.6M|

| 2023|887|$95.0M|$3.9M|$3.3M|

| 2022|850|$82.7M|$4.0M|$3.2M|

## 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|

| BDO USA P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BDO USA P.C.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$152,824|$90,363|$32,647|—|—|

| 2023|$131,645|$59,295|$63,875|—|—|

| 2022|$141,529|$61,374|$80,155|—|—|

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