Jersey Shore Steel Company401(k)
JERSEY SHORE STEEL ROLLING DIVISION HOURLY 401(K) PLAN · JERSEY SHORE, PA · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Jersey Shore Steel Company reported $26,305 in plan administrative expenses for 2022: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,330 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 3 years on file its reported administrative ratio has held roughly steady near 0.889%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (3,247th of 3,651), and 12,519th of 13,661 in manufacturing. In 2022, employees put in $1.73 for every $1.00 the employer contributed.
Jersey Shore Steel Company's 2022 employer contribution ran above the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Jersey Shore Steel Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 240622582 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.