Plan Snapshot
- Plan Sponsor: The Corken Steel Products Company
- Sponsor EIN: 610503239
- Sponsor Address: 7910 KENTUCKY DRIVE, FLORENCE, KY, 41042
- Plan Type: 401(k)
- Total Participants: 329
- Total Assets: $31.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 329 | $31.9M | $822,123 | $1.6M |
| 2023 | 300 | $30.3M | $680,743 | $1.5M |
| 2022 | 259 | $27.4M | $646,404 | $1.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | Investment Advisor | $80,431 | $48,755 | $129,186 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $42,284 | — | $42,284 |
| LATITUDE SERVICE COMPANY, INC. | Recordkeeper | $29,108 | — | $29,108 |
| DEAN DORTON | Recordkeeper | $13,320 | — | $13,320 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $213,898
- Estimated Expense Ratio: 0.670% 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 | $165,143 | $46,240 | $71,393 | $13,320 | — |
| 2023 | $193,749 | $133,022 | $19,547 | — | — |
| 2022 | $252,126 | $206,326 | — | — | $45,800 |