Plan Snapshot
- Plan Sponsor: Sme Steel Contractors, INC.
- Sponsor EIN: 870495960
- Sponsor Address: 5801 WEST WELLS PARK ROAD, WEST JORDAN, UT, 84081
- Plan Type: 401(k)
- Total Participants: 956
- Total Assets: $17.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 956 | $17.5M | $2.0M | $3.3M |
| 2023 | 905 | $14.1M | $1.6M | $2.7M |
| 2022 | 784 | $9.9M | $762,017 | $2.1M |
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 |
|---|---|---|---|---|
| KEDDINGTON & CHRISTENSEN | Auditor | $24,145 | — | $24,145 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,145
- Estimated Expense Ratio: 0.138% 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 | $55,819 | $9,581 | $22,093 | $24,145 | — |
| 2023 | $38,535 | $7,250 | $31,285 | — | — |
| 2022 | $10,084 | — | $10,084 | — | — |