Plan Snapshot
- Plan Sponsor: Target Steel, INC.
- Sponsor EIN: 382607088
- Sponsor Address: 24601 VREELAND RD, FLAT ROCK, MI, 48134
- Plan Type: 401(k)
- Total Participants: 349
- Total Assets: $10.7M
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 | 349 | $10.7M | $356,245 | $681,595 |
| 2023 | 299 | $8.7M | $348,290 | $636,511 |
| 2022 | 223 | $6.2M | $260,198 | $471,049 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $26,232 | — | $26,232 |
| ROBERT W. BAIRD & CO. INC | INVESTMENT ADVISORY-PLAN | $24,451 | — | $24,451 |
| PENSION PLAN SERVICES, INC. - MI | RECORDKEEPER | $9,152 | — | $9,152 |
| GBQ PARTNERS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- GBQ PARTNERS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,835
- Estimated Expense Ratio: 0.557% 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 | $78,015 | — | $78,015 | — | — |
| 2023 | $57,470 | — | $57,470 | — | — |
| 2022 | $33,451 | — | $33,451 | — | — |