Plan Snapshot
- Plan Sponsor: Steelcase, INC.
- Sponsor EIN: 380819050
- Sponsor Address: 901 44TH STREET SE, GRAND RAPIDS, MI, 49508
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 4,148
- Total Assets: $1.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 4,148 | $1.5B | $43.7M | $44.3M |
| 2023 | 4,278 | $1.4B | $36.7M | $43.3M |
| 2022 | 4,597 | $1.3B | $24.7M | $42.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $291,258 | — | $291,258 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $259,977 | — | $259,977 |
| AON INVESTMENTS USA INC | Other Service Provider | $100,402 | — | $100,402 |
| BDO USA, P.C. | Auditor | $49,217 | — | $49,217 |
| MILLER JOHNSON SNELL & CUMMISKEY PL | Other Service Provider | $31,635 | — | $31,635 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $732,489
- Estimated Expense Ratio: 0.049% 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 | $692,643 | $360,380 | — | $80,852 | — |
| 2023 | $653,700 | $314,392 | — | $47,572 | — |
| 2022 | $730,285 | $308,511 | — | — | $65,056 |