Plan Snapshot
- Plan Sponsor: Steel Dynamics, INC.
- Sponsor EIN: 351929476
- Sponsor Address: ATTN CORPORATE BENEFITS, FORT WAYNE, IN, 46804
- Plan Type: 401(k)
- Total Participants: 10,140
- Total Assets: $3.0B
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 | 10,140 | $3.0B | $186.4M | $99.4M |
| 2023 | 9,385 | $2.6B | $248.2M | $97.0M |
| 2022 | 9,015 | $2.0B | $319.6M | $90.6M |
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 |
|---|---|---|---|---|
| HAINES, ISENBARGER & SKIBA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAINES, ISENBARGER & SKIBA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $589,616 | $160,808 | $428,808 | — | — |
| 2023 | $692,729 | $127,057 | $565,672 | — | — |
| 2022 | $1,212,725 | $124,855 | $1,087,870 | — | — |