Plan Snapshot
- Plan Sponsor: Peerless Steel Company
- Sponsor EIN: 381573882
- Sponsor Address: 2450 AUSTIN, TROY, MI, 48083
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $9.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 142 | $9.4M | $75,926 | $472,036 |
| 2023 | 161 | $9.4M | $163,357 | $535,851 |
| 2022 | 166 | $8.6M | $237,227 | $624,152 |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | Investment Advisor | $26,486 | — | $26,486 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $21,299 | — | $21,299 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $19,185 | — | $19,185 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,970
- Estimated Expense Ratio: 0.709% 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 | $63,531 | $47,785 | — | — | — |
| 2023 | $62,205 | $17,948 | — | $20,887 | — |
| 2022 | $69,977 | $46,379 | $13,598 | — | $10,000 |