# Steel Services Ltd 401(k) Plan
Source: https://planprovider.pro/companies/steel-services-ltd-401k-plan

> Steel Services Ltd&#39;s 401(k) plan: 2,702 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — 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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/steel-services-ltd-401k-plan)

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