Plan Snapshot
- Plan Sponsor: Steel Equipment Specialists, LLC
- Sponsor EIN: 341909310
- Sponsor Address: 1507 BEESON STREET, ALLIANCE, OH, 44601
- Plan Type: 401(k)
- Total Participants: 210
- Total Assets: $34.7M
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 | 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 |
|---|---|---|---|---|
| MALONEY AND NOVOTNY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MALONEY AND NOVOTNY — 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 | $123,544 | $81,715 | — | — | — |
| 2023 | $91,220 | $67,229 | — | — | — |
| 2022 | $63,943 | — | $63,943 | — | — |