Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Friedman Industries
Friedman Industries 401(k)
- FRD Nasdaq
- Wholesale trade
- Longview, TX
- EIN 74-1504405
- 1 plan with Schedule H financials
- Plan year 2023
- Friedman Industries, Incorporated
- SEC registrant Friedman Industries Inc
Administrative expenses excluding investment management, per participant · Friedman Industries, Inc. Employees' Retirement & 401(k) Plan · plan year 2023
$47.34
Higher than 33% of the 17,126 plans $1 to 10M that report it.
Source
= $10,321 / 218
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241015094924NAL0047255808001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015094924NAL0047255808001, received 2024-10-15
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-15.
Cost and contributions
Administrative expenses per participant
$201.00
Higher than 67% of the 17,762 plans $1 to 10M that report it.
Source
= $43,818 / 218
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015094924NAL0047255808001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015094924NAL0047255808001, received 2024-10-15
Administrative expenses as a share of assets
0.447%
Higher than 46% of the 17,798 plans $1 to 10M that report it.
Source
= $43,818 / $9,798,321
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015094924NAL0047255808001, received 2024-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241015094924NAL0047255808001, received 2024-10-15
Employer contributions per participant
$3,507
Higher than 95% of the 15,688 plans $1 to 10M that report it.
Source
= $764,548 / 218
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015094924NAL0047255808001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015094924NAL0047255808001, received 2024-10-15
Employer share of total contributions
38.5%
Higher than 83% of the 15,721 plans $1 to 10M that report it.
Source
= $764,548 / $1,986,182
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015094924NAL0047255808001, received 2024-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241015094924NAL0047255808001, received 2024-10-15
Plan terms, as stated in Friedman Industries, Incorporated's SEC filings
Plan terms are described in Friedman Industries, Incorporated's SEC filings: Form 10-K filed 2026-06-11. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2A age/service-weighted · 3D IRS pre-approved plan · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241015094924NAL0047255808001, received 2024-10-15
Full record, Friedman Industries, Inc. Employees' Retirement & 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FRIEDMAN INDUSTRIES, INCORPORATED | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Plan name | FRIEDMAN INDUSTRIES, INC. EMPLOYEES' RETIREMENT & 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Sponsor EIN / plan number | 74-1504405 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Sponsor location | LONGVIEW, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Industry (business code) | 423500, Wholesale trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Plan year | 2023-01-01 to 2023-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Filing received | 2024-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Participants, beginning of year | 204 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Active participants | 205 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Participants, end of year | 222 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Participants with an account balance | 218 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Total assets, beginning of year | $7,387,468 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Total assets, end of year | $9,798,321 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Net assets, end of year | $9,796,801 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Total income | $3,335,260 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Net income | $2,410,837 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Employer contributions | $764,548 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Participant contributions | $1,221,634 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Total contributions | $1,986,182 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Benefit payments | $879,755 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Total expenses (incl. benefit payments) | $924,423 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Total administrative expenses | $43,818 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Investment advisory and management fees | $33,497 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Administrative expenses excluding investment management | $10,321 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Held in mutual funds | $8,812,302 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241015094924NAL0047255808001, received 2024-10-15 |
| Independent auditor | LEE CPA AUDIT GROUP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241015094924NAL0047255808001, received 2024-10-15 |
Position = column in the DOL layout for form year 2023. Filing 20241015094924NAL0047255808001, received 2024-10-15.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| BOK FINANCIAL ASSET MANAGEMENT, INCrecordkeeper | TPA | 15 Recordkeeping and information management; 28 Investment management; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 54 Sales loads (front end and deferred) | $38,896 | no |
| CHARLES SCHWAB TRUST BANKrecordkeeper | CUSTODIAN | 19 Custodial (securities); 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 50 Direct payment from the plan; 60 Sub-transfer agency fees; 62 Float revenue; 64 Recordkeeping fees | $4,952 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20241015094924NAL0047255808001, received 2024-10-15.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.
Alerts, claims and corrections
Sponsor name as filed: FRIEDMAN INDUSTRIES, INCORPORATED; SEC registrant: FRIEDMAN INDUSTRIES INC (CIK 39092, matched by EIN; display name from the Form 10-K cover).