Plan Snapshot
- Plan Sponsor: Thyssenkrupp Materials NA, INC.
- Sponsor EIN: 380445860
- Sponsor Address: 22355 WEST ELEVEN MILE ROAD, SOUTHFIELD, MI, 48033
- Plan Type: 401(k)
- Total Participants: 4,032
- Total Assets: $387.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 4,032 | $387.9M | $10.1M | $25.4M |
| 2023 | 4,167 | $340.6M | $10.1M | $23.5M |
| 2022 | 4,103 | $283.6M | $6.8M | $20.9M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SRVS | Recordkeeper | $306,169 | — | $306,169 |
| UBS FINANCIAL SERVICES | Recordkeeper | $120,000 | — | $120,000 |
| PLANTE MORAN PLLC | Other Service Provider | $18,300 | — | $18,300 |
| SEYFARTH SHAW | Investment Advisor | $8,796 | — | $8,796 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SRVS — Recordkeeper
- UBS FINANCIAL SERVICES — Recordkeeper
- SEYFARTH SHAW — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $453,265
- Estimated Expense Ratio: 0.117% 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 | $453,265 | $120,000 | $306,169 | $18,300 | — |
| 2023 | $429,244 | $120,000 | $292,744 | $16,500 | — |
| 2022 | $361,484 | $120,000 | $229,484 | — | $12,000 |