Plan Snapshot
- Plan Sponsor: Olympic Steel, INC., An Ohio Corporation
- Sponsor EIN: 341245650
- Sponsor Address: 22901 MILLCREEK BOULEVARD SUITE 650, HIGHLAND HILLS, OH, 44122
- Plan Type: 401(k)
- Total Participants: 1,167
- Total Assets: $95.6M
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 | 1,167 | $95.6M | $1.9M | $5.6M |
| 2023 | 1,189 | $87.7M | $1.5M | $5.4M |
| 2022 | 1,210 | $74.1M | $1.6M | $4.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $146,888 | — | $146,888 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $96,220 | — | $96,220 |
| BOBER MARKEY FEDOROVICH & COMPANY | AUDITOR | $18,300 | — | $18,300 |
| BOBER MARKEY FEDOROVICH | Auditor | $18,300 | — | $18,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBER MARKEY FEDOROVICH & COMPANY — AUDITOR
- BOBER MARKEY FEDOROVICH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $279,708
- Estimated Expense Ratio: 0.292% 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 | $262,467 | $96,220 | — | $18,300 | — |
| 2023 | $275,822 | $93,417 | — | $16,000 | — |
| 2022 | $253,889 | $90,696 | $148,193 | — | $15,000 |