Alro Steel 401(k) match, vesting and fees
What Alro Steel's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 56 defined-contribution plans in wholesale trade with 5,000 to 9,999 participants.
| Alro Steel: employer contribution per participant | $4,276 | |
| Peer median | $2,404 |
| Alro Steel: average balance | $98,234 | |
| Peer median | $85,831 |
| Alro Steel: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $470M at the end of plan year 2023 to $513M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,327 | $513M | $22.3M | $4,276 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 5,255 | $470M | $26.5M | $5,207 | 0.22% | Not published | Form 5500 ↗ |
Other Alro Steel plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Alro Steel Corp. Union Employees' 401(k) Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Alro Steel Corporation and Subsidiaries Retirement/401(K) Plan (Money Purchase Portion)
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Alro Steel Corporation Union Employees' Money Purchase Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Alro Steel match 401(k) contributions?
The match terms for the Alro Steel Corporation and Subsidiaries Retirement/401(K) Plan have not been published from its filing yet. The plan year 2024 filing reports $22.3M in employer contributions, about $4,276 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Alro Steel 401(k) match vested?
The vesting schedule for the Alro Steel Corporation and Subsidiaries Retirement/401(K) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Alro Steel 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock. The plan administrator is Alro Steel Corporation.
I left Alro Steel. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Alro Steel Corporation, (517) 787-5500) or the recordkeeper, John Hancock. The Alro Steel old 401(k) page lists the contacts from every plan filing. Find an old Alro Steel 401(k)
Data from the public Form 5500 annual reports Alro Steel filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Alro Steel. Not financial advice. Report a correction · Methodology