401k Record

Employers › Quanex

Quanex 401(k)

Total assets, end of year · largest plan, Gerdau Macsteel Savings Plan · plan year 2024

$112,914,253

728 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.

Source

Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008143214NAL0003361427001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143214NAL0003361427001, received 2025-10-08

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 2025-10-08.

Largest plan, all six figures: Gerdau Macsteel Savings Plan

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses excluding investment management, per participant

$0.00

Fewer than 50 comparable plans report this figure; no percentile.

Source

= $0 / 728
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008143214NAL0003361427001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143214NAL0003361427001, received 2025-10-08

Administrative expenses per participant

$89.54

10th: $29.39median $132.8490th: $350.58

Higher than 31% of the 9,042 plans $50 to 250M that report it.

Source

= $65,188 / 728
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008143214NAL0003361427001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143214NAL0003361427001, received 2025-10-08

Administrative expenses as a share of assets

0.058%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 23% of the 9,049 plans $50 to 250M that report it.

Source

= $65,188 / $112,914,253
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008143214NAL0003361427001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008143214NAL0003361427001, received 2025-10-08

Employer contributions per participant

$4,018

10th: $965median $2,73890th: $8,164

Higher than 69% of the 9,105 plans $50 to 250M that report it.

Source

= $2,924,961 / 728
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008143214NAL0003361427001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008143214NAL0003361427001, received 2025-10-08

Employer share of total contributions

31.3%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 56% of the 9,112 plans $50 to 250M that report it.

Source

= $2,924,961 / $9,352,730
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008143214NAL0003361427001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008143214NAL0003361427001, received 2025-10-08

98.4% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($89.54 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.

Plan terms, as stated in Quanex Corp's SEC filings

Plan terms are described in Quanex Corp's SEC filings: Form 11-K filed 2007-06-29 and Form 10-K filed 2007-12-14. No term could be quoted from them with the required precision.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
Gerdau Macsteel Savings Plan$112,914,253728 2024
Gerdau Macsteel Savings Plan for Bargaining Employees$66,413,2601,076 $69.40 administrative expenses excl. investment management, per participant2024

Alerts, claims and corrections

Alert me when this filing changes

One email when a new Form 5500 for Quanex's plans appears in the Department of Labor data. Confirmation link first; unsubscribe link in every email.

Claim this plan

For the sponsor or its plan administrator: request to verify or annotate this page. A work email address at the sponsor speeds up verification.

Report a correction

Every figure is reproduced from the filing with its source. Tell us which figure and what the filing says instead.

Sponsor name as filed: GERDAU MACSTEEL, INC.; SEC registrant: QUANEX CORP (CIK 276889, matched by EIN).