Plan Snapshot
- Plan Sponsor: North American Stainless
- Sponsor EIN: 611283966
- Sponsor Address: 6870 HIGHWAY 42 EAST, GHENT, KY, 410459615
- Plan Type: 401(k)
- Total Participants: 1,651
- Total Assets: $334.8M
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 | 1,651 | $334.8M | $8.2M | $16.2M |
| 2023 | 1,581 | $286.2M | $7.7M | $15.1M |
| 2022 | 1,505 | $236.7M | $6.8M | $13.6M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SVCS | RETAINED BY CLIENT | $82,694 | — | $82,694 |
| BARNES, DENNIG & CO., LTD | RETAINED BY EMPLOYER | $14,500 | — | $14,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SVCS — RETAINED BY CLIENT
- BARNES, DENNIG & CO., LTD — RETAINED BY EMPLOYER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,194
- Estimated Expense Ratio: 0.029% 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 | $97,193 | $48,091 | $49,102 | — | — |
| 2023 | $75,465 | $27,568 | $33,897 | $14,000 | — |
| 2022 | $82,139 | $27,212 | $39,127 | — | $15,800 |