# Steel Dynamics, INC. 401(k) Plan
Source: https://planprovider.pro/companies/steel-dynamics-inc-401k-plan

> Steel Dynamics, INC.'s 401(k) plan: 10,140 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| JOHN HANCOCK RETIREMENT PLAN SRVCS|RETAINED BY EMPLOYER|$589,618|—|$589,618|

| HAINES, ISENBARGER & SKIBA, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK RETIREMENT PLAN SRVCS](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [HAINES, ISENBARGER & SKIBA, LLC](https://planprovider.pro/provider/haines-isenbarger-and-skiba-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $589,618

- **Estimated Expense Ratio:** 0.020% 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|$589,616|$160,808|$428,808|—|—|

| 2023|$692,729|$127,057|$565,672|—|—|

| 2022|$1,212,725|$124,855|$1,087,870|—|—|

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