Plan Snapshot
- Plan Sponsor: Special Metals Corporation
- Sponsor EIN: 251445468
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 25545
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 449
- Total Assets: $8.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 449 | $8.5M | $0 | $0 |
| 2024 | 490 | $7.8M | $1.9M | $740,816 |
| 2023 | 517 | $7.1M | $1.9M | $799,248 |
| 2022 | 550 | $6.3M | $1.9M | $685,001 |
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 |
|---|---|---|---|---|
| HIGHMARK WEST VIRGINIA | Other Service Provider | $203,499 | — | $203,499 |
| UNITED BANK | Other Service Provider | $60,754 | — | $60,754 |
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $46,934 | — | $46,934 |
| GRAY, GRIFFITH & MAYS, A.C. | Other Service Provider | $11,500 | — | $11,500 |
| FOSTER AND FOSTER | Other Service Provider | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $330,687
- Estimated Expense Ratio: 3.893% 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 |
|---|---|---|---|---|---|
| 2025 | $3,091,608 | $60,754 | $52,934 | $11,500 | — |
| 2024 | $340,725 | $56,545 | $48,978 | $11,500 | — |
| 2023 | $337,908 | $53,935 | $45,819 | $11,500 | — |
| 2022 | $356,544 | $52,694 | $53,440 | — | $12,662 |