Plan Ledger DOL Form 5500 · updated monthly

Metal One America, Inc.401(k)

METAL ONE AMERICA, INC. AND NIFAST CORPORATION 401(K) PLAN · ROSEMONT, IL · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Metal One America, Inc. reported $46,215 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,988 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 0.28% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,503rd-largest of 3,702 plans among Illinois employers on file, and the 1,602nd of 4,246 in wholesale trade. In 2024, employees put in $3.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,581,971
Participants with balances164
Active participants144
Employer contributions$286,324
Employee contributions$1,113,160
Employer contribution per active participant$1,988
Average account balance$149,890
Benefits paid to participants$1,437,894
Plan auditUnmodified (clean) audit opinion
AuditorSELDEN FOX, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$24.6M · 164 accts · $286K emplr
2023$21.8M · 157 accts · $263K emplr
2022$19.2M · 164 accts · $244K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,215
Investment management$20,000
Total administrative$46,215
The Metal One America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,988
Median for plans this size$2,416
2024$1,988 per active participant
2023$1,805 per active participant
2022$1,602 per active participant

Metal One America, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,215
CONCURRENT INVESTMENT ADVISORS LLC · Investment advisory (plan)$20,000

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$46,215 · 0.20%
2023$41,039 · 0.20%
2022$57,687 · 0.28%
Similar plansWholesale Trade · Illinois
O'Brien Steel Service Co. IL$25.9M · 0.17%
Florstar Sales, Inc. IL$25.6M · 0.35%
Swiss Steel USA, Inc. IL$25.2M · 0.40%
Amtex Supply Holdings, Inc. IL$24.4M · 0.24%
Munchs Supply, LLC IL$24.3M · 0.37%
Clare Holdings, LLC IL$24.2M · 0.29%
Wittenstein, Inc. IL$23.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363988666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.