Plan Snapshot
- Plan Sponsor: Norfolk Iron & Metal Company
- Sponsor EIN: 470460089
- Sponsor Address: 3001 N VICTORY RD, NORFOLK, NE, 687010833
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 996
- Total Assets: $86.5M
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. |
|---|---|---|---|---|
| 2025 | 996 | $86.5M | $0 | $0 |
| 2024 | 818 | $78.0M | $1.7M | $4.9M |
| 2023 | 849 | $68.5M | $1.9M | $5.2M |
| 2022 | 837 | $59.0M | $1.9M | $5.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $104,641 | — | $104,641 |
| D A DAVIDSON & CO INC | Investment Advisor | $54,979 | $21 | $55,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,641
- Estimated Expense Ratio: 0.185% 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 |
|---|---|---|---|---|---|
| 2025 | $11,777,236 | $54,979 | $104,641 | — | — |
| 2024 | $158,514 | $54,979 | $103,535 | — | — |
| 2023 | $162,474 | $54,979 | $100,282 | $7,213 | — |
| 2022 | $153,377 | $54,979 | $98,398 | — | — |