# Steelfab, INC. 401(k) Plan
Source: https://planprovider.pro/companies/steelfab-inc-401k-plan-001

> Steelfab, INC.'s 401(k) plan: 2,017 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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