Plan Snapshot
- Plan Sponsor: Sabel Steel Service, INC.
- Sponsor EIN: 630961496
- Sponsor Address: 749 N COURT ST, MONTGOMERY, AL, 361042301
- Plan Type: DC
- Total Participants: 193
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 193 | $2.4M | $202,984 | $122,527 |
| 2023 | 178 | $2.3M | $184,384 | $88,348 |
| 2022 | 153 | $2.2M | $160,999 | $86,059 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $24,862 | — | $24,862 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,862
- Estimated Expense Ratio: 1.051% 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 | $24,862 | — | $24,862 | — | — |
| 2023 | $25,476 | — | $25,476 | — | — |
| 2022 | $25,333 | — | $25,333 | — | — |