Plan Snapshot
- Plan Sponsor: Quanex Building Products Corporation
- Sponsor EIN: 261561397
- Sponsor Address: 945 BUNKER HILL RD, HOUSTON, TX, 77024
- Plan Type: 401(k)
- Total Participants: 4,006
- Total Assets: $388.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,006 | $388.6M | $4.9M | $7.7M |
| 2023 | 1,988 | $142.5M | $4.3M | $6.9M |
| 2022 | 2,122 | $114.5M | $4.1M | $6.9M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $43,938 | — | $43,938 |
| FIDELITY INVESTMENT INSTITUTIONAL | RECORDKEEPER | $8,411 | — | $8,411 |
| MCCONNELL & JONES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENT INSTITUTIONAL — RECORDKEEPER
- MCCONNELL & JONES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,349
- Estimated Expense Ratio: 0.013% 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 | $52,349 | $43,938 | — | — | — |
| 2023 | $42,086 | $36,617 | — | — | — |
| 2022 | $58,197 | $30,542 | $27,655 | — | — |