Employers › Olympic Steel
Recordkeeping fees per participant · Olympic Steel, Inc. Employees' 401(k) Retirement Plan · plan year 2024
$110.69
Higher than 79% of the 5,847 plans $50 to 250M that report it.
= $146,888 / 1,327
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918092821NAL0000590739001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918092821NAL0000590739001, received 2025-09-18
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-18.
Administrative expenses excluding investment management, per participant
$125.28
Higher than 66% of the 8,758 plans $50 to 250M that report it.
= $166,247 / 1,327
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250918092821NAL0000590739001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918092821NAL0000590739001, received 2025-09-18
Administrative expenses per participant
$197.79
Higher than 70% of the 9,042 plans $50 to 250M that report it.
= $262,467 / 1,327
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918092821NAL0000590739001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918092821NAL0000590739001, received 2025-09-18
Administrative expenses as a share of assets
0.274%
Higher than 84% of the 9,049 plans $50 to 250M that report it.
= $262,467 / $95,634,385
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918092821NAL0000590739001, received 2025-09-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250918092821NAL0000590739001, received 2025-09-18
Employer contributions per participant
$1,454
Higher than 19% of the 9,105 plans $50 to 250M that report it.
= $1,929,261 / 1,327
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918092821NAL0000590739001, received 2025-09-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918092821NAL0000590739001, received 2025-09-18
Employer share of total contributions
25.0%
Higher than 35% of the 9,112 plans $50 to 250M that report it.
= $1,929,261 / $7,717,703
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918092821NAL0000590739001, received 2025-09-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250918092821NAL0000590739001, received 2025-09-18
Employer match
“For the 401(k) retirement plans, the Company matched one-half of each eligible employee’s contribution, limited to the first 6% of eligible compensation.”
Form 10-K filed 2025-02-21, for the year ended 2024-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2024-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250918092821NAL0000590739001, received 2025-09-18
| Field | Value | Source |
|---|---|---|
| Plan sponsor | OLYMPIC STEEL, INC., AN OHIO CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Plan name | OLYMPIC STEEL, INC. EMPLOYEES' 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Sponsor EIN / plan number | 34-1245650 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Sponsor location | HIGHLAND HILLS, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Industry (business code) | 331200, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Filing received | 2025-09-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Participants, beginning of year | 1,433 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Active participants | 1,167 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Participants, end of year | 1,416 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Participants with an account balance | 1,327 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Total assets, beginning of year | $87,719,419 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Total assets, end of year | $95,634,385 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Net assets, end of year | $95,634,385 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Total income | $19,652,477 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Net income | $7,715,420 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Employer contributions | $1,929,261 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Participant contributions | $5,613,475 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Other contributions (incl. rollovers) | $174,967 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Total contributions | $7,717,703 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Benefit payments | $11,554,606 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Total expenses (incl. benefit payments) | $11,937,057 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Total administrative expenses | $262,467 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Recordkeeping fees | $146,888 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| IQPA audit fees | $18,300 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Investment advisory and management fees | $96,220 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Administrative expenses excluding investment management | $166,247 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Held in common/collective trusts | $5,098,625 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Held in mutual funds | $88,524,268 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250918092821NAL0000590739001, received 2025-09-18 |
| Independent auditor | BOBER MARKEY FEDOROVICH | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250918092821NAL0000590739001, received 2025-09-18 |
Position = column in the DOL layout for form year 2024. Filing 20250918092821NAL0000590739001, received 2025-09-18.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $146,888 | yes |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $96,220 | no |
| BOBER MARKEY FEDOROVICH & COMPANY | AUDITOR | 10 Accounting (including auditing) | $18,300 | no |
| DEFINITI LLC | OTHER | 99 Other fees | $1,059 | no |
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 20250918092821NAL0000590739001, received 2025-09-18.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $87,719,419 | $95,634,385 | 9.0% |
| Participants with a balance | 1,539 | 1,327 | -13.8% |
| Administrative expenses | $275,822 | $262,467 | -4.8% |
| Recordkeeping fees per participant | $62.98 | $110.69 | 75.8% |
| Employer contributions | $1,473,117 | $1,929,261 | 31.0% |
Prior filing 20240919104651NAL0012428098001, received 2024-09-19; the plan years are contiguous.
Sponsor name as filed: OLYMPIC STEEL, INC., AN OHIO CORPORATION; SEC registrant: OLYMPIC STEEL INC (CIK 917470, matched by EIN; display name from the Form 10-K cover).