Plan Snapshot
- Plan Sponsor: Specialty Steel Works Incorporated
- Sponsor EIN: 264430641
- Sponsor Address: 1412 150TH STREET, HAMMOND, IN, 46327
- Plan Type: 401(k)
- Total Participants: 221
- Total Assets: $50.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 221 | $50.9M | $643,770 | $1.5M |
| 2023 | 214 | $46.6M | $871,801 | $1.5M |
| 2022 | 221 | $40.8M | $1.0M | $1.7M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | ADV/INVESTMENT ADVISOR | $28,964 | — | $28,964 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $10,531 | — | $10,531 |
| LVBW LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — ADV/INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LVBW LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,495
- Estimated Expense Ratio: 0.078% 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 | $39,495 | $28,964 | $1,200 | — | — |
| 2023 | $66,018 | $28,398 | — | $11,900 | — |
| 2022 | $72,111 | — | — | — | — |