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NEXT LEVEL STEEL 401(K) PLAN 401k Plan overview

Plan NameNEXT LEVEL STEEL 401(K) PLAN
Plan identification number 001

NEXT LEVEL STEEL 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

NEXT LEVEL STEEL has sponsored the creation of one or more 401k plans.

Company Name:NEXT LEVEL STEEL
Employer identification number (EIN):821273029
NAIC Classification:331110
NAIC Description:Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT LEVEL STEEL 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KELLY DURANTE2024-06-06
0012022-01-01KELLY DURANTE2023-06-14
0012021-01-01KELLY DURANTE2022-06-29

Financial Data on NEXT LEVEL STEEL 401(K) PLAN

Measure Date Value
2025 : NEXT LEVEL STEEL 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-220
Total expenses incurred by plan in this plan year2025-07-2229770
Net assets as of the end of the plan year2025-07-22602193
Total assets as of the beginning of the plan year2025-07-22378220
Value of plan covered by a fidelity bond2025-07-221000000
Participant contributions to plan in this plan year2025-07-22118640
Value of participant loans at end of plan year2025-07-2233397
Other income to plan in this plan year2025-07-2267366
Plan net income in this plan year2025-07-22223973
Net assets as of the end of the plan year2025-07-22602193
Net assets as of the beginning of the plan year2025-07-22378220
Employer contributions to plan in this plan year2025-07-2267737
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-223439
2024 : NEXT LEVEL STEEL 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-060
Total liabilities as of the end of the plan year2024-06-060
Total liabilities as of the beginning of the plan year2024-06-060
Total expenses incurred by plan in this plan year2024-06-062139
Net assets as of the end of the plan year2024-06-06378220
Total assets as of the beginning of the plan year2024-06-06127093
Value of plan covered by a fidelity bond2024-06-061000000
Participant contributions to plan in this plan year2024-06-0699168
Other expenses paid from plan in this plan year2024-06-060
Other contributions to plan in this plan year2024-06-0651097
Other income to plan in this plan year2024-06-0651170
Plan net income in this plan year2024-06-06251127
Net assets as of the end of the plan year2024-06-06378220
Net assets as of the beginning of the plan year2024-06-06127093
Employer contributions to plan in this plan year2024-06-0651831
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-061410
2022 : NEXT LEVEL STEEL 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-290
Total liabilities as of the end of the plan year2022-06-290
Total liabilities as of the beginning of the plan year2022-06-290
Total expenses incurred by plan in this plan year2022-06-292080
Net assets as of the end of the plan year2022-06-2942267
Total assets as of the beginning of the plan year2022-06-290
Participant contributions to plan in this plan year2022-06-2922689
Other expenses paid from plan in this plan year2022-06-290
Other contributions to plan in this plan year2022-06-290
Other income to plan in this plan year2022-06-291150
Plan net income in this plan year2022-06-2942267
Net assets as of the end of the plan year2022-06-2942267
Net assets as of the beginning of the plan year2022-06-290
Employer contributions to plan in this plan year2022-06-2920508
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-29146

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