Employers › Quanex Building Products › plan 002
Recordkeeping fees per participant · Quanex Building Products Salaried and Nonunion Employee 401(k) Plan · plan year 2024
$2.15
Higher than 2% of the 1,697 plans $250M to 1B that report it.
= $8,411 / 3,911
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929080416NAL0004902723001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929080416NAL0004902723001, received 2025-09-29
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-29.
Administrative expenses excluding investment management, per participant
$2.15
Higher than 1% of the 2,324 plans $250M to 1B that report it.
= $8,411 / 3,911
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929080416NAL0004902723001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929080416NAL0004902723001, received 2025-09-29
Administrative expenses per participant
$13.39
Higher than 5% of the 2,405 plans $250M to 1B that report it.
= $52,349 / 3,911
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929080416NAL0004902723001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929080416NAL0004902723001, received 2025-09-29
Administrative expenses as a share of assets
0.013%
Higher than 8% of the 2,407 plans $250M to 1B that report it.
= $52,349 / $388,636,211
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929080416NAL0004902723001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929080416NAL0004902723001, received 2025-09-29
Employer contributions per participant
$1,262
Higher than 12% of the 2,457 plans $250M to 1B that report it.
= $4,936,613 / 3,911
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929080416NAL0004902723001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929080416NAL0004902723001, received 2025-09-29
Employer share of total contributions
36.0%
Higher than 66% of the 2,459 plans $250M to 1B that report it.
= $4,936,613 / $13,714,371
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929080416NAL0004902723001, received 2025-09-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929080416NAL0004902723001, received 2025-09-29
2T default investment (QDIA) · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3H controlled-group sponsor · 2F ERISA 404(c) plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250929080416NAL0004902723001, received 2025-09-29
| Field | Value | Source |
|---|---|---|
| Plan sponsor | QUANEX BUILDING PRODUCTS CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Plan name | QUANEX BUILDING PRODUCTS SALARIED AND NONUNION EMPLOYEE 401 (K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Sponsor EIN / plan number | 26-1561397 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Sponsor location | HOUSTON, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Filing received | 2025-09-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Participants, beginning of year | 3,136 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Active participants | 4,006 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Participants, end of year | 5,633 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Participants with an account balance | 3,911 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Total assets, beginning of year | $142,492,186 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Total assets, end of year | $388,636,211 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Net assets, end of year | $388,636,211 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Total income | $32,742,561 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Net income | $10,937,952 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Employer contributions | $4,936,613 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Participant contributions | $7,697,960 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Other contributions (incl. rollovers) | $1,079,798 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Total contributions | $13,714,371 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Benefit payments | $21,748,831 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Total expenses (incl. benefit payments) | $21,804,609 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Total administrative expenses | $52,349 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Recordkeeping fees | $8,411 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Investment advisory and management fees | $43,938 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Administrative expenses excluding investment management | $8,411 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Held in mutual funds | $253,886,729 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250929080416NAL0004902723001, received 2025-09-29 |
| Independent auditor | MCCONNELL & JONES LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250929080416NAL0004902723001, received 2025-09-29 |
Position = column in the DOL layout for form year 2024. Filing 20250929080416NAL0004902723001, received 2025-09-29.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $43,938 | no |
| FIDELITY INVESTMENT INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees | $8,411 | 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 20250929080416NAL0004902723001, received 2025-09-29.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $142,492,186 | $388,636,211 | 172.7% |
| Participants with a balance | 3,047 | 3,911 | 28.4% |
| Administrative expenses | $42,086 | $52,349 | 24.4% |
| Recordkeeping fees per participant | $1.79 | $2.15 | 19.8% |
| Employer contributions | $4,349,920 | $4,936,613 | 13.5% |
Prior filing 20241015140820NAL0029915617001, received 2024-10-15; the plan years are contiguous.