Plan Snapshot
- Plan Sponsor: Ssab Enterprises LLC
- Sponsor EIN: 753248335
- Sponsor Address: 11 N WATER STREET, MOBILE, AL, 36602
- Plan Type: 401(k)
- Total Participants: 1,549
- Total Assets: $541.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,549 | $541.3M | $8.4M | $14.6M |
| 2023 | 1,536 | $493.7M | $24.2M | $14.1M |
| 2022 | 1,484 | $418.1M | $20.6M | $13.5M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $86,568 | — | $86,568 |
| INVESTMENT RESEARCH & ADV GROUP | NONE | $56,250 | — | $56,250 |
| WILKINS MILLER | NONE | $27,600 | — | $27,600 |
| THE LAMPO GROUP, INC. | NONE | $17,640 | — | $17,640 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $188,058
- Estimated Expense Ratio: 0.035% 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 | $189,373 | $73,890 | — | $27,600 | — |
| 2023 | $162,724 | $58,890 | — | $6,000 | — |
| 2022 | $110,863 | — | — | — | $19,280 |