Plan Ledger DOL Form 5500 · updated monthly

Jsw Steel USA Ohio, Inc.401(k)

JSW STEEL USA OHIO, INC. 401(K) PLAN · MINGO JUNCTION, OH · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Jsw Steel USA Ohio, Inc. reported $63,013 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $2,675 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 0.23% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (1,963rd of 3,295), and 8,629th of 13,661 in manufacturing. In 2024, employees put in $1.20 for every $1.00 the employer contributed; active participation has grown from 261 to 337 since 2022.

Plan summary
Net assets, end of year$10,342,100
Participants with balances392
Active participants337
Employer contributions$901,596
Employee contributions$1,077,799
Employer contribution per active participant$2,675
Average account balance$26,383
Benefits paid to participants$706,048
Plan auditUnmodified (clean) audit opinion
AuditorMELTON & MELTON
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 392 accts · $902K emplr
2023$7.4M · 414 accts · $832K emplr
2022$5.1M · 341 accts · $697K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,338
Investment management$20,416
Total administrative$63,013
The Jsw Steel USA Ohio, Inc. 401(k) match · 2024
Employer contribution per active participant$2,675
Median for plans this size$1,313
2024$2,675 per active participant
2023$2,609 per active participant
2022$2,672 per active participant

Jsw Steel USA Ohio, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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
JOHN HANCOCK RETIREMENT PLAN SERV · Recordkeeping$31,338
BKS FINANCIAL INVESTMENTS LLC · Investment advisory (plan)$20,088

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$63,013 · 0.71%
2023$38,438 · 0.61%
2022$10,965 · 0.23%
Similar plansManufacturing · Ohio
Thogus Products Company OH$10.5M · 0.77%
Industry Products Company OH$10.5M · 0.02%
Chromascape Inc. OH$10.4M · 0.78%
Tfo Tech Company LTD. OH$10.2M · 0.21%
Canton Drop Forge, Inc. OH$10.2M · 0.03%
Hirschvogel, Inc. OH$10.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813308222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.