Plan Snapshot
- Plan Sponsor: Steel Connect, INC.
- Sponsor EIN: 042921333
- Sponsor Address: 2000 MIDWAY LANE, SMYRNA, TN, 37167
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $54.3M
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 | 141 | $54.3M | $255,196 | $972,652 |
| 2023 | 137 | $52.3M | $179,371 | $935,300 |
| 2022 | 161 | $45.3M | $159,695 | $743,903 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | Investment Advisor | — | $100,219 | $100,219 |
| CAPFINANCIAL SECURITIES LLC | Investment Advisor | — | $21,516 | $21,516 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $11,713 | — | $11,713 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,448
- Estimated Expense Ratio: 0.246% 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 | $11,713 | — | $300 | — | — |
| 2023 | $2,981 | — | — | — | — |
| 2022 | $9,788 | — | — | — | — |