Plan Snapshot
- Plan Sponsor: Schnitzer Steel Industries, INC.
- Sponsor EIN: 930341923
- Sponsor Address: 222 SW COLUMBIA ST., PORTLAND, OR, 97201
- Plan Type: 401(k)
- Total Participants: 2,439
- Total Assets: $189.4M
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 | 2,439 | $189.4M | $5.9M | $9.8M |
| 2023 | 2,588 | $180.5M | $5.9M | $10.1M |
| 2022 | 2,682 | $155.6M | $5.6M | $9.8M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $128,289 | — | $128,289 |
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $53,297 | — | $53,297 |
| CANTERBURY CONSULTING INC | NONE | $19,318 | — | $19,318 |
| CLIFTONLARSONALLEN, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $200,904
- Estimated Expense Ratio: 0.106% 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 | $208,974 | $147,607 | — | — | — |
| 2023 | $170,641 | $158,052 | — | — | — |
| 2022 | $161,669 | $161,601 | $68 | — | — |