Plan Ledger DOL Form 5500 · updated monthly

United Steel, Inc.401(k)

UNITED STEEL, INC. 401(K) RETIREMENT PLAN · EAST HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

United Steel, Inc. reported $55,923 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,740 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 has held roughly steady near 0.440%. 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 among the smaller plans on file in Connecticut (674th of 1,106), and 7,600th of 13,661 in manufacturing. In 2024, employees put in $3.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,353,544
Participants with balances227
Active participants173
Employer contributions$301,022
Employee contributions$1,195,357
Employer contribution per active participant$1,740
Average account balance$58,826
Benefits paid to participants$1,523,435
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 227 accts · $301K emplr
2023$12.1M · 224 accts · $129K emplr
2022$10.5M · 210 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,452
Investment management$24,471
Total administrative$55,923
The United Steel, Inc. 401(k) match · 2024
Employer contribution per active participant$1,740
Median for plans this size$2,416
2024$1,740 per active participant
2023$703 per active participant
2022$696 per active participant

United Steel, 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$31,452
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$24,471

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$55,923 · 0.44%
2023$48,873 · 0.43%
2022$51,378 · 0.44%
Same employer
Similar plansManufacturing · Connecticut
Vista Capital, LLC CT$14.3M · 0.58%
Shepard Steel Co., Inc. CT$14.1M · 0.01%
Kimchuk, Inc. CT$14.1M · 0.12%
Bauer, Inc. CT$13.8M · 0.49%
Projects Incorporated CT$13.0M · 0.06%
Unger Enterprises, LLC CT$12.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060997399 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.