Plan Snapshot
- Plan Sponsor: Steelfab, INC.
- Sponsor EIN: 560713333
- Sponsor Address: 8623 OLD DOWD ROAD, CHARLOTTE, NC, 28214
- Plan Type: 401(k)
- Total Participants: 2,017
- Total Assets: $102.4M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,017 | $102.4M | $5.7M | $8.6M |
| 2023 | 1,689 | $83.9M | $8.3M | $7.0M |
| 2022 | 1,652 | $63.8M | $3.0M | $5.8M |
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 |
|---|---|---|---|---|
| GREER WALKER LLP | Auditor | — | — | $0 |
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 | $243,861 | $32,491 | $211,370 | — | — |
| 2023 | $242,293 | $48,725 | $193,568 | — | — |
| 2022 | $234,963 | $58,058 | $176,905 | — | — |