Steel Grip, Inc.401(k)
STEEL GRIP, INC. EMPLOYEES' PROFIT SHARING AND SAVINGS PLAN · DANVILLE, IL · plan year 2025
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Steel Grip, Inc. reported $43,102 in plan administrative expenses for 2025: 0.58% of average plan assets, above the peer median. Employer contributions averaged $2,497 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 rose from 0.54% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,659th of 3,702), and 9,857th of 13,661 in manufacturing. In 2025, employees put in $1.26 for every $1.00 the employer contributed.
Steel Grip, Inc.'s 2025 employer contribution ran above the $1,464 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.
Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 371178946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.