Plan Snapshot
- Plan Sponsor: Republic Steel
- Sponsor EIN: 200485783
- Sponsor Address: 2633 EIGHTH STREET, N.E., CANTON, OH, 447042311
- Plan Type: 401(k)
- Total Participants: 25
- Total Assets: $28.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 25 | $28.0M | $247,252 | $167,367 |
| 2023 | 32 | $42.9M | $754,921 | $1.1M |
| 2022 | 730 | $47.0M | $1.1M | $1.9M |
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 |
|---|---|---|---|---|
| DOEREN MAYHEW AND CO PC | NONE | $29,000 | — | $29,000 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $7,514 | — | $7,514 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW AND CO PC — NONE
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,514
- Estimated Expense Ratio: 0.131% 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 | $35,514 | — | — | $29,000 | — |
| 2023 | $47,300 | $37,215 | $350 | — | — |
| 2022 | $74,662 | $39,234 | — | — | $9,188 |