Plan Ledger DOL Form 5500 · updated monthly

Atlas Steel Products Company401(k) + ESOP (KSOP)

ATLAS STEEL PRODUCTS CO. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN · TWINSBURG, OH · plan year 2024

Reported admin expense ratio · 2024
0.01%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Atlas Steel Products Company reported $8,905 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,299 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.006% to 0.007%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 283rd-largest of 3,295 plans among Ohio employers on file, and the 318th of 4,246 in wholesale trade. In 2024, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$140,463,497
Participants with balances247
Active participants201
Employer contributions$663,125
Employee contributions$665,375
Employer contribution per active participant$3,299
Average account balance$568,678
Benefits paid to participants$18,602,141
Plan auditUnmodified (clean) audit opinion
AuditorMALONEY NOVOTNY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$140.5M · 247 accts · $663K emplr
2023$130.7M · 255 accts · $1.1M emplr
2022$99.4M · 175 accts · $924K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,905
Total administrative$8,905
The Atlas Steel Products Company 401(k) match · 2024
Employer contribution per active participant$3,299
Median for plans this size$3,635
2024$3,299 per active participant
2023$5,720 per active participant
2022$4,256 per active participant

Atlas Steel Products Company's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$8,905
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$8,905 · 0.01%
2023$15,242 · 0.01%
2022$5,777 · 0.01%
Same employer
Similar plansWholesale Trade · Ohio
Reladyne LLC OH$173.0M · 0.21%
Park-Ohio Industries, Inc. OH$167.9M · 0.03%
Green Dot Corporation OH$134.7M · 0.08%
Gbs Corp OH$121.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340811049 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.