Plan Ledger DOL Form 5500 · updated monthly

Wisconsin Steel and Tube Corporation401(k)

WISCONSIN STEEL AND TUBE CORPORATION PROFIT SHARING PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Wisconsin Steel and Tube Corporation reported $85,412 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,629 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 0.75% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Wisconsin (1,095th of 1,936), and 2,458th of 4,246 in wholesale trade. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,096,443
Participants with balances222
Active participants152
Employer contributions$703,547
Employee contributions$940,651
Employer contribution per active participant$4,629
Average account balance$63,497
Benefits paid to participants$224,407
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 222 accts · $704K emplr
2023$10.5M · 209 accts · $732K emplr
2022$10.2M · 242 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,939
Investment management$48,588
Trustee / custodial$5,885
Total administrative$85,412
The Wisconsin Steel and Tube Corporation 401(k) match · 2024
Employer contribution per active participant$4,629
Median for plans this size$2,416
2024$4,629 per active participant
2023$4,356 per active participant
2022$3,572 per active participant

Wisconsin Steel and Tube Corporation'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.

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 · 20245
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$28,743
FRANCIS INVESTMENT COUNSEL LLC · Investment advisory (plan)$30,426
SIKICH CPA LLC · Accounting / audit$12,100
FRANCIS INVESTMENT COUNSEL LLC · Investment advisory (participants)$8,258
NEWPORT TRUST COMPANY · Trustee$5,885

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$85,412 · 0.69%
2023$81,861 · 0.79%
2022$79,092 · 0.75%
Same employer
Similar plansWholesale Trade · Wisconsin
Winona Foods Inc. WI$15.0M · 0.40%
Bills Distributing, LTD. WI$14.9M · 0.29%
Badger Corrugating Company WI$14.1M · 0.34%
Icafe, Inc WI$13.7M · 0.56%
L.F. George, Inc. WI$13.2M · 0.41%
Mecum Auctions, Inc. WI$13.2M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390839560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.