Employers › Steelcase
Recordkeeping fees per participant · Steelcase Inc. Retirement Plan · plan year 2024
$44.15
Higher than 73% of the 790 plans over $1B that report it.
= $249,011 / 5,640
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251022163257NAL0002257392001, received 2025-10-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251022163257NAL0002257392001, received 2025-10-22
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-03-01 to 2025-02-28, filing received 2025-10-22.
Administrative expenses excluding investment management, per participant
$58.91
Higher than 71% of the 1,045 plans over $1B that report it.
= $332,263 / 5,640
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251022163257NAL0002257392001, received 2025-10-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251022163257NAL0002257392001, received 2025-10-22
Administrative expenses per participant
$122.81
Higher than 80% of the 1,076 plans over $1B that report it.
= $692,643 / 5,640
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251022163257NAL0002257392001, received 2025-10-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251022163257NAL0002257392001, received 2025-10-22
Administrative expenses as a share of assets
0.046%
Higher than 50% of the 1,076 plans over $1B that report it.
= $692,643 / $1,496,388,497
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251022163257NAL0002257392001, received 2025-10-22
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251022163257NAL0002257392001, received 2025-10-22
Employer contributions per participant
$7,755
Higher than 85% of the 1,135 plans over $1B that report it.
= $43,739,472 / 5,640
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251022163257NAL0002257392001, received 2025-10-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251022163257NAL0002257392001, received 2025-10-22
Employer share of total contributions
47.9%
Higher than 91% of the 1,135 plans over $1B that report it.
= $43,739,472 / $91,286,353
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251022163257NAL0002257392001, received 2025-10-22
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251022163257NAL0002257392001, received 2025-10-22
Plan terms are described in Steelcase Inc.'s SEC filings: Form 10-K filed 2025-04-18. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251022163257NAL0002257392001, received 2025-10-22
| Field | Value | Source |
|---|---|---|
| Plan sponsor | STEELCASE, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Plan name | STEELCASE INC. RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Sponsor EIN / plan number | 38-0819050 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Sponsor location | GRAND RAPIDS, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Industry (business code) | 337000, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Plan year | 2024-03-01 to 2025-02-28 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Filing received | 2025-10-22 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Participants, beginning of year | 5,925 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Active participants | 4,148 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Participants, end of year | 5,704 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Participants with an account balance | 5,640 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Total assets, beginning of year | $1,435,044,849 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Total assets, end of year | $1,496,388,497 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Net assets, end of year | $1,496,388,497 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Total income | $245,409,243 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Net income | $61,343,648 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Employer contributions | $43,739,472 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Participant contributions | $44,340,184 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Other contributions (incl. rollovers) | $3,206,697 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Total contributions | $91,286,353 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Benefit payments | $183,228,361 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Total expenses (incl. benefit payments) | $184,065,595 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Total administrative expenses | $692,643 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Recordkeeping fees | $249,011 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| IQPA audit fees | $80,852 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Investment advisory and management fees | $360,380 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Administrative expenses excluding investment management | $332,263 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Held in common/collective trusts | $1,377,004,320 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Held in mutual funds | $27,001,755 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251022163257NAL0002257392001, received 2025-10-22 |
| Independent auditor | BDO USA, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251022163257NAL0002257392001, received 2025-10-22 |
Position = column in the DOL layout for form year 2024. Filing 20251022163257NAL0002257392001, received 2025-10-22.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 64 Recordkeeping fees; 15 Recordkeeping and information management; 50 Direct payment from the plan; 37 Participant loan processing | $291,258 | yes |
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 26 Investment advisory (participants); 50 Direct payment from the plan | $259,977 | no |
| AON INVESTMENTS USA INC | NONE | 99 Other fees | $100,402 | no |
| BDO USA, P.C. | NONE | 10 Accounting (including auditing) | $49,217 | no |
| MILLER JOHNSON SNELL & CUMMISKEY PL | NONE | 29 Legal | $31,635 | no |
| QDRO CONSULTANTS COMPANY, LLC | NONE | 99 Other fees; 16 Consulting (general); 50 Direct payment from the plan | $2,400 | 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 20251022163257NAL0002257392001, received 2025-10-22.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,435,044,849 | $1,496,388,497 | 4.3% |
| Participants with a balance | 5,900 | 5,640 | -4.4% |
| Administrative expenses | $653,700 | $692,643 | 6.0% |
| Recordkeeping fees per participant | $44.88 | $44.15 | -1.6% |
| Employer contributions | $36,699,017 | $43,739,472 | 19.2% |
Prior filing 20241030210249NAL0002420210001, received 2024-10-30; the plan years are contiguous.
Sponsor name as filed: STEELCASE, INC.; SEC registrant: STEELCASE INC (CIK 1050825, matched by EIN; display name from the Form 10-K cover).