Plan Snapshot
- Plan Sponsor: Pennsylvania Steel Company, INC.
- Sponsor EIN: 231886606
- Sponsor Address: 1717 WOODHAVEN DRIVE, BENSALEM, PA, 19020
- Plan Type: 401(k)
- Total Participants: 493
- Total Assets: $27.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 493 | $27.7M | $695,193 | $2.2M |
| 2023 | 398 | $24.0M | $633,473 | $2.0M |
| 2022 | 409 | $19.0M | $195,218 | $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 |
|---|---|---|---|---|
| WILMINGTON TRUST NATIONAL ASSOC | ADVISOR | $56,615 | — | $56,615 |
| TOOLE KATZ & ROEMERSMA, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TOOLE KATZ & ROEMERSMA, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,615
- Estimated Expense Ratio: 0.204% 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 | $56,385 | $56,615 | — | — | — |
| 2023 | $35,795 | $43,394 | — | — | — |
| 2022 | $39,989 | — | — | — | — |