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SOUTH COUNTY STEEL, INC. 401(K) PLAN 401k Plan overview

Plan NameSOUTH COUNTY STEEL, INC. 401(K) PLAN
Plan identification number 001

SOUTH COUNTY STEEL, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SOUTH COUNTY STEEL, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH COUNTY STEEL, INC.
Employer identification number (EIN):050442362
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH COUNTY STEEL, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JESSICA TEFFT2024-09-12

Financial Data on SOUTH COUNTY STEEL, INC. 401(K) PLAN

Measure Date Value
2025 : SOUTH COUNTY STEEL, INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-03240
Net assets as of the end of the plan year2025-07-03152380
Total assets as of the beginning of the plan year2025-07-0361029
Value of plan covered by a fidelity bond2025-07-0320000
Participant contributions to plan in this plan year2025-07-0360371
Other income to plan in this plan year2025-07-039715
Plan net income in this plan year2025-07-0391351
Net assets as of the end of the plan year2025-07-03152380
Net assets as of the beginning of the plan year2025-07-0361029
Employer contributions to plan in this plan year2025-07-0321505
Fees paid to broker by Benefit Provider2025-07-03588
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-03240
2024 : SOUTH COUNTY STEEL, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-09-120
Total expenses incurred by plan in this plan year2024-09-12180
Net assets as of the end of the plan year2024-09-1261029
Total assets as of the beginning of the plan year2024-09-120
Value of plan covered by a fidelity bond2024-09-1220000
Participant contributions to plan in this plan year2024-09-1237165
Other income to plan in this plan year2024-09-124163
Plan net income in this plan year2024-09-1261029
Net assets as of the end of the plan year2024-09-1261029
Net assets as of the beginning of the plan year2024-09-120
Employer contributions to plan in this plan year2024-09-1219881
Fees paid to broker by Benefit Provider2024-09-12134
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-12180

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