Plan Ledger DOL Form 5500 · updated monthly

Williams Steel Company, Inc.401(k)

WILLIAMS STEEL GROUP 401(K) PLAN · JACKSON, TN · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Williams Steel Company, Inc. reported $89,611 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,910 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 0.483%. 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 573rd-largest of 1,496 plans among Tennessee employers on file, and the 6,135th of 13,661 in manufacturing. In 2024, employees put in $1.00 for every $1.00 the employer contributed; active participation has shrunk from 320 to 277 since 2022.

Plan summary
Net assets, end of year$18,896,757
Participants with balances222
Active participants277
Employer contributions$806,075
Employee contributions$809,516
Employer contribution per active participant$2,910
Average account balance$85,121
Benefits paid to participants$3,244,998
Plan auditUnmodified (clean) audit opinion
AuditorATA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 222 accts · $806K emplr
2023$18.2M · 217 accts · $797K emplr
2022$15.8M · 211 accts · $792K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,611
Total administrative$89,611
The Williams Steel Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,910
Median for plans this size$2,416
2024$2,910 per active participant
2023$3,227 per active participant
2022$2,474 per active participant

Williams Steel Company, Inc.'s 2024 employer contribution ran above 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 · 20243
FIRST HORIZON ADVISORS INC. · Investment advisory (plan)$62,563
ACUFF & ASSOCIATES INC · Contract administrator$4,140

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$89,611 · 0.48%
2023$76,433 · 0.45%
2022$80,457 · 0.48%
Same employer
Similar plansManufacturing · Tennessee
Mid-South Wire Company TN$19.5M · 0.06%
Regent Holding Company, LLC TN$19.4M · 0.03%
The Vincit Company, LLC TN$19.2M · 1.04%
Rough Country, LLC TN$18.2M · 0.74%
Fillauer Companies, Inc. TN$18.0M · 0.42%
Neotiss, Inc. TN$17.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620692346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.