# New Process Steel, L.P. 401(k) Plan
Source: https://planprovider.pro/companies/new-process-steel-l-p-401k-plan

> New Process Steel, L.P.&#39;s 401(k) plan: 428 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** New Process Steel, L.P.

- **Sponsor EIN:** 760621168

- **Sponsor Address:** 1322 N POST OAK, HOUSTON, TX, 77055

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

- **Total Participants:** 428

- **Total Assets:** $40.6M

## 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|428|$40.6M|$1.1M|$1.9M|

| 2023|411|$37.6M|$1.1M|$1.8M|

| 2022|414|$32.8M|$1.0M|$1.7M|

## 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|

| RAYMOND JAMES & ASSOCIATES, INC|INVESTMENT ADVISOR|$95,352|—|$95,352|

| BDO USA, PC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [RAYMOND JAMES & ASSOCIATES, INC](https://planprovider.pro/provider/john-hancock) — INVESTMENT ADVISOR

- [BDO USA, PC](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:** $95,352

- **Estimated Expense Ratio:** 0.235% 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|$102,352|$95,352|—|—|—|

| 2023|$92,383|$84,058|—|—|—|

| 2022|$68,908|—|—|—|—|

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