Plan Ledger DOL Form 5500 · updated monthly

Ferroglobe USA Metallurgical, Inc.401(k)

GLOBE METALLURGICAL, INC. RETIREMENT SAVINGS PLAN · WATERFORD, OH · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Ferroglobe USA Metallurgical, Inc. reported $105,904 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,077 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 fell from 0.24% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 518th-largest of 3,295 plans among Ohio employers on file, and the 2,579th of 13,661 in manufacturing. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has shrunk from 966 to 743 since 2022.

Plan summary
Net assets, end of year$65,770,526
Participants with balances807
Active participants743
Employer contributions$1,543,190
Employee contributions$3,458,987
Employer contribution per active participant$2,077
Average account balance$81,500
Benefits paid to participants$7,333,285
Plan auditUnmodified (clean) audit opinion
AuditorSISTERSON & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$65.8M · 807 accts · $1.5M emplr
2023$60.1M · 888 accts · $1.5M emplr
2022$53.7M · 896 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,904
Total administrative$105,904
The Ferroglobe USA Metallurgical, Inc. 401(k) match · 2024
Employer contribution per active participant$2,077
Median for plans this size$3,635
2024$2,077 per active participant
2023$1,578 per active participant
2022$1,327 per active participant

Ferroglobe USA Metallurgical, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$105,904

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$105,904 · 0.17%
2023$87,570 · 0.15%
2022$146,217 · 0.24%
Same employer
Similar plansManufacturing · Ohio
Roppe Corporation OH$66.8M · 0.05%
Hbd Industries, Inc. OH$66.0M · 0.23%
Xtek Inc OH$65.7M
Inoac Exterior Systems, LLC OH$64.9M · 0.19%
National Machinery LLC OH$64.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205573569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.