Retirement plan

JSW STEEL USA OHIO, INC. 401(K) PLAN

Name: JSW STEEL USA OHIO, INC. - JSW STEEL USA OHIO, INC. 401(K) PLAN (2024) Form 5500
Creator: JSW STEEL USA OHIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JSW STEEL USA OHIO, INC. 401(K) PLAN, JSW STEEL USA OHIO, INC.

JSW STEEL USA OHIO, INC.EIN 81-3308222Plan #001PY 2024

1500 COMMERCIAL AVENUE - MINGO JUNCTION, OH 43938281-383-4154LinkedIn1-10 employeesmining & metals

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.3M

+39.1% from 2023

Total participants

392

-6.4% from 2023

Average account balance

$26,383

+46.9% from 2023

Annual return

21.96%

-3.64 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.34M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$26K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

392

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+21.96%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$161

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT PLAN SERV Service code 15 · EIN 01-0233346	Recordkeeping	$31,338
BKS RETIREMENT SERVICES2 years Filed as: BKS FINANCIAL INVESTMENTS LLC Service code 27 · EIN 84-1921272	Advisory (Plan)	$20,088

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$63K

$187 / participant

Recordkeeping$31K49.7%
Investment mgmt$20K32.4%
Other / not subdivided$11K17.9%

% of EOY assets

0.609%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MELTON & MELTON
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,383

$89,123-70.4%

$102,460-74.3%

$77,762-66.1%

Participation rate

100.0%

80.9%+19.1pp

76.5%+23.5pp

70.6%+29.4pp

Annual return

21.96%

25.05%-3.1pp

29.47%-7.5pp

31.27%-9.3pp

Employer contribution / active EE

$2,675

$2,700-0.9%

$3,025-11.6%

$2,728-1.9%

Participant deferral / active EE

$3,198

$5,148-37.9%

$5,056-36.7%

$4,651-31.2%

Admin fee / account holder

$161

$236-31.8%

$9,460-98.3%

$433-62.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT PLAN SERV

Service code 15 · EIN 01-0233346

Recordkeeping

$31,338

BKS RETIREMENT SERVICES2 years

Filed as: BKS FINANCIAL INVESTMENTS LLC

Service code 27 · EIN 84-1921272

Advisory (Plan)

$20,088

JSW STEEL USA OHIO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JSW STEEL USA OHIO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion