Plan Snapshot
- Plan Sponsor: Standard Steel, LLC
- Sponsor EIN: 320020058
- Sponsor Address: 500 NORTH WALNUT STREET, BURHAM, PA, 17009
- Plan Type: 401(k)
- Plan Number: 006
- Total Participants: 560
- Total Assets: $50.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 560 | $50.5M | $0 | $0 |
| 2024 | 499 | $44.6M | $0 | $2.6M |
| 2023 | 507 | $40.4M | $0 | $2.5M |
| 2022 | 515 | $34.9M | $9,708 | $2.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $72,486 | — | $72,486 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $26,195 | — | $26,195 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,681
- Estimated Expense Ratio: 0.195% 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 | $3,584,438 | $26,195 | — | — | — |
| 2024 | $86,758 | $20,825 | — | — | — |
| 2023 | $74,424 | $17,435 | $300 | — | — |
| 2022 | $78,255 | $20,626 | — | — | — |