Plan Ledger DOL Form 5500 · updated monthly

Stephens Pipe and Steel, LLC401(k)

STEPHENS PIPE AND STEEL 401(K) PLAN · RUSSELL SPRINGS, KY · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Stephens Pipe and Steel, LLC reported $137,792 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,198 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 1.36% to 0.75%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 284th-largest of 871 plans among Kentucky employers on file, and the 5,820th of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,599,809
Participants with balances1,000
Active participants1,070
Employer contributions$1,282,241
Employee contributions$2,947,143
Employer contribution per active participant$1,198
Average account balance$20,600
Benefits paid to participants$1,458,719
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 1,000 accts · $1.3M emplr
2023$16.1M · 923 accts · $1.1M emplr
2022$11.8M · 818 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,966
Investment management$60,826
Total administrative$137,792
The Stephens Pipe and Steel, LLC 401(k) match · 2024
Employer contribution per active participant$1,198
Median for plans this size$2,416
2024$1,198 per active participant
2023$1,038 per active participant
2022$1,155 per active participant

Stephens Pipe and Steel, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$76,966
ROBERT W. BAIRD & CO. INCORPORATED · Investment advisory (plan)$60,826
NOVA 401(K) ASSOCIATES · Contract administrator · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect 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$137,792 · 0.75%
2023$157,365 · 1.13%
2022$157,624 · 1.36%
Similar plansManufacturing · Kentucky
Four Roses Distillery LLC KY$22.4M · 0.06%
Mouser Cabinetry LLC KY$21.3M · 0.02%
Halton Group Americas Inc. KY$21.3M · 0.29%
Lbx Company, LLC KY$20.3M · 0.01%
Whip Mix Corporation KY$20.0M · 0.31%
Mbv-Ca, LLC KY$19.4M · 0.32%
Hexatronic US Holding, Inc. KY$18.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262319757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.