Plan Ledger DOL Form 5500 · updated monthly

Wheeling-Nippon Steel,Inc.401(k)

WHEELING-NIPPON STEEL DEFINED CONTRIBUTION PROFIT-SHARING PLAN FOR UNION EMPLOYEES · FOLLANSBEE, WV · plan year 2024

Employer contribution per participant · 2024
$6,517

Wheeling-Nippon Steel,Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $30,080,295 across 163 participant accounts, with employer contributions averaging $6,517 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.002% to 0.000%. 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 62nd-largest of 265 plans among West Virginia employers on file, and the 4,481st of 13,661 in manufacturing. In 2024, the employer put in $1.33 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$30,080,295
Participants with balances163
Active participants129
Employer contributions$840,726
Employee contributions$629,765
Employer contribution per active participant$6,517
Average account balance$184,542
Benefits paid to participants$3,910,443
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA AND COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$30.1M · 163 accts · $841K emplr
2023$30.0M · 162 accts · $1.0M emplr
2022$28.2M · 155 accts · $1.0M emplr
The Wheeling-Nippon Steel,Inc. 401(k) match · 2024
Employer contribution per active participant$6,517
Median for plans this size$2,416
2024$6,517 per active participant
2023$8,079 per active participant
2022$8,278 per active participant

Wheeling-Nippon Steel,Inc.'s 2024 employer contribution ran above the $2,416 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.

Service providers · 20241

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$88 · 0.00%
2022$653 · 0.00%
Same employer
Similar plansManufacturing · West Virginia
J. H. Fletcher & Co. WV$62.3M · 0.26%
Swva, Inc. WV$52.9M · 0.20%
Greer Industries, Inc. WV$51.4M · 0.45%
Swanson Industries, Inc. WV$25.3M · 0.31%
Rubberlite, Inc. WV$25.3M · 0.14%
Conn-Weld Industries, LLC WV$16.4M · 0.03%
Troy Group, Inc. WV$15.4M · 0.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 251481463 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.