Plan Snapshot
- Plan Sponsor: Steel Equipment Specialists, LLC
- Sponsor EIN: 341909310
- Sponsor Address: 1507 BEESON ST, ALLIANCE, OH, 44601
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 228
- Total Assets: $39.6M
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. |
|---|---|---|---|---|
| 2025 | 228 | $39.6M | $0 | $0 |
| 2024 | 210 | $34.7M | $825,492 | $1.9M |
| 2023 | 181 | $30.5M | $765,127 | $1.6M |
| 2022 | 166 | $25.5M | $532,965 | $1.3M |
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 | Investment Advisor | $72,560 | — | $72,560 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $55,186 | — | $55,186 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,746
- Estimated Expense Ratio: 0.323% 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 | $3,087,343 | $76,771 | — | — | — |
| 2024 | $123,544 | $81,715 | — | — | — |
| 2023 | $91,220 | $67,229 | — | — | — |
| 2022 | $63,943 | — | $63,943 | — | — |