Plan Snapshot
- Plan Sponsor: Steel Services Ltd
- Sponsor EIN: 453811142
- Sponsor Address: 590 MADISON AVENUE 32ND FLOOR, NEW YORK CITY, NY, 10022
- Plan Type: 401(k)
- Total Participants: 2,702
- Total Assets: $287.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,702 | $287.4M | $4.6M | $14.6M |
| 2023 | 3,137 | $263.9M | $4.8M | $14.2M |
| 2022 | 2,682 | $232.4M | $4.5M | $13.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $108,662 | — | $108,662 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $51,236 | — | $51,236 |
| BAKER TILLY US, LLP | PLAN ADMINISTRATOR | $33,600 | — | $33,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $193,498
- Estimated Expense Ratio: 0.067% 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 | $193,498 | $51,236 | $1,800 | $33,600 | — |
| 2023 | $218,311 | $48,972 | $300 | $31,523 | — |
| 2022 | $211,574 | $44,044 | — | — | — |