Plan Snapshot
- Plan Sponsor: Steel Art Company, INC.
- Sponsor EIN: 042309230
- Sponsor Address: 189 DEAN ST., NORWOOD, MA, 02062
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $3.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 119 | $3.2M | $155,385 | $315,146 |
| 2023 | 106 | $2.7M | $140,226 | $312,882 |
| 2022 | 103 | $2.8M | $111,634 | $260,930 |
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 |
|---|---|---|---|---|
| ADP, INC | Recordkeeper | $13,171 | — | $13,171 |
| ROYAL ALLIANCE ASSOCIATES, INC | Investment Advisor | $8,264 | — | $8,264 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC — Recordkeeper
- ROYAL ALLIANCE ASSOCIATES, INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,435
- Estimated Expense Ratio: 0.669% 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 | $29,699 | — | $29,699 | — | — |
| 2023 | $20,279 | — | $12,617 | $187 | — |
| 2022 | $20,697 | $7,785 | $12,719 | — | — |