Plan Snapshot
- Plan Sponsor: Quanex Building Products Corporation
- Sponsor EIN: 261561397
- Sponsor Address: 945 BUNKER HILL RD, HOUSTON, TX, 77024
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 1,133
- Total Assets: $94.8M
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. |
|---|---|---|---|---|
| 2023 | 1,133 | $94.8M | $2.0M | $3.9M |
| 2022 | 1,160 | $83.0M | $2.0M | $3.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENT INSTITUTIONAL | Recordkeeper | $57,186 | — | $57,186 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $26,805 | — | $26,805 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENT INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,991
- Estimated Expense Ratio: 0.089% 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 |
|---|---|---|---|---|---|
| 2023 | $83,991 | $26,805 | — | — | — |
| 2022 | $96,948 | $22,556 | $74,392 | — | — |