# Target Steel, INC. 401(k) Plan
Source: https://planprovider.pro/companies/target-steel-inc-401k-plan

> Target Steel, INC.'s 401(k) plan: 349 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [GBQ PARTNERS, LLC](https://planprovider.pro/provider/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|—|—|

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