Employers › Steel Connect
Recordkeeping fees per participant · Moduslink Corp. Savings & Retirement 401(k) Plan · plan year 2024
$17.16
Higher than 16% of the 5,847 plans $50 to 250M that report it.
= $11,413 / 665
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010080424NAL0012108016001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010080424NAL0012108016001, received 2025-10-10
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 2025-10-10.
Administrative expenses excluding investment management, per participant
$17.61
Higher than 11% of the 8,758 plans $50 to 250M that report it.
= $11,713 / 665
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010080424NAL0012108016001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010080424NAL0012108016001, received 2025-10-10
Administrative expenses per participant
$17.61
Higher than 6% of the 9,042 plans $50 to 250M that report it.
= $11,713 / 665
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010080424NAL0012108016001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010080424NAL0012108016001, received 2025-10-10
Administrative expenses as a share of assets
0.022%
Higher than 10% of the 9,049 plans $50 to 250M that report it.
= $11,713 / $54,290,335
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010080424NAL0012108016001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010080424NAL0012108016001, received 2025-10-10
Employer contributions per participant
$384
Higher than 3% of the 9,105 plans $50 to 250M that report it.
= $255,196 / 665
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010080424NAL0012108016001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010080424NAL0012108016001, received 2025-10-10
Employer share of total contributions
20.8%
Higher than 21% of the 9,112 plans $50 to 250M that report it.
= $255,196 / $1,227,848
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010080424NAL0012108016001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010080424NAL0012108016001, received 2025-10-10
Plan terms are described in Steel Connect, Inc.'s SEC filings: Form 10-K filed 2024-11-06. No term could be quoted from them with the required precision.
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) · 3H controlled-group sponsor · 2E profit-sharing · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010080424NAL0012108016001, received 2025-10-10
| Field | Value | Source |
|---|---|---|
| Plan sponsor | STEEL CONNECT, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Plan name | MODUSLINK CORP. SAVINGS & RETIREMENT 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Sponsor EIN / plan number | 04-2921333 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Sponsor location | SMYRNA, TN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Industry (business code) | 323100, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Filing received | 2025-10-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Participants, beginning of year | 742 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Active participants | 141 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Participants, end of year | 692 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Participants with an account balance | 665 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Total assets, beginning of year | $52,291,667 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Total assets, end of year | $54,290,335 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Net assets, end of year | $54,290,335 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Total income | $10,121,770 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Net income | $1,998,668 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Employer contributions | $255,196 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Participant contributions | $972,652 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Other contributions (incl. rollovers) | $0 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Total contributions | $1,227,848 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Benefit payments | $8,104,801 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Total expenses (incl. benefit payments) | $8,123,102 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Total administrative expenses | $11,713 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Contract administrator fees | $300 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Recordkeeping fees | $11,413 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Administrative expenses excluding investment management | $11,713 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Held in mutual funds | $52,742,150 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010080424NAL0012108016001, received 2025-10-10 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010080424NAL0012108016001, received 2025-10-10 |
Position = column in the DOL layout for form year 2024. Filing 20251010080424NAL0012108016001, received 2025-10-10.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $11,713 | yes |
| CAPFINANCIAL SECURITIES LLC | ADVISOR | 55 Other commissions | $0 | yes |
| MORGAN STANLEY SMITH BARNEY | ADVISOR | 55 Other commissions | $0 | 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 20251010080424NAL0012108016001, received 2025-10-10.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $52,291,667 | $54,290,335 | 3.8% |
| Participants with a balance | 730 | 665 | -8.9% |
| Administrative expenses | $2,981 | $11,713 | 292.9% |
| Recordkeeping fees per participant | $4.08 | $17.16 | 320.3% |
| Employer contributions | $179,371 | $255,196 | 42.3% |
Prior filing 20240921175249NAL0009275745001, received 2024-09-21; the plan years are contiguous.
Sponsor name as filed: STEEL CONNECT, INC.; SEC registrant: Steel Connect LLC (CIK 914712, matched by EIN; display name from the Form 10-K cover).