Plan Ledger DOL Form 5500 · updated monthly

Staley Steele LLC401(k)

STALEY STEEL AND BLUDAU FABRICATION RETIREMENT PLAN · PILOT POINT, TX · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Staley Steele LLC reported $11,584 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,862 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 0.04% to 0.14%. 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 Texas (3,226th of 5,688), and 9,237th of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has grown from 102 to 153 since 2022.

Plan summary
Net assets, end of year$8,975,949
Participants with balances135
Active participants153
Employer contributions$284,828
Employee contributions$441,330
Employer contribution per active participant$1,862
Average account balance$66,489
Benefits paid to participants$809,807
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER & WILLIAMS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 135 accts · $285K emplr
2023$8.2M · 125 accts · $250K emplr
2022$6.6M · 106 accts · $196K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,584
Total administrative$11,584
The Staley Steele LLC 401(k) match · 2024
Employer contribution per active participant$1,862
Median for plans this size$1,313
2024$1,862 per active participant
2023$1,866 per active participant
2022$1,918 per active participant

Staley Steele LLC's 2024 employer contribution ran above the $1,313 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
NOVA 401(K) ASSOCIATES · Contract administrator$1,625
LEE INSURANCE SERVICES INCindirect 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$11,584 · 0.14%
2023$1,871 · 0.03%
2022$3,088 · 0.04%
Similar plansManufacturing · Texas
Sandenvendo America, Inc. TX$9.1M · 0.05%
Teasdale Foods Inc. TX$9.0M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751461141 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.