Louis Padnos Iron & Metal 401(k) match, vesting and fees
What Louis Padnos Iron & Metal'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 | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Bdo USA P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 501 defined-contribution plans in wholesale trade with 500 to 999 participants.
| Louis Padnos Iron & Metal: employer contribution per participant | $2,227 | |
| Peer median | $1,855 |
| Louis Padnos Iron & Metal: average balance | $114,208 | |
| Peer median | $72,906 |
| Louis Padnos Iron & Metal: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.22% |
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 $98.4M at the end of plan year 2021 to $103M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,131 | $103M | $2M | $2,227 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 1,056 | $95M | $3.9M | $4,778 | 0.15% | Not published | Form 5500 ↗ |
| 2022 | 1,067 | $82.7M | $4M | $4,913 | 0.16% | Not published | Form 5500 ↗ |
| 2021 | 1,118 | $98.4M | $4.5M | $4,587 | 0.26% | Not published | Form 5500 ↗ |
Common questions
Does Louis Padnos Iron & Metal match 401(k) contributions?
The match terms for the Louis Padnos Iron & Metal Company Savings and Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $2M in employer contributions, about $2,227 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Louis Padnos Iron & Metal 401(k) match vested?
The vesting schedule for the Louis Padnos Iron & Metal Company Savings and Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Louis Padnos Iron & Metal 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Louis Padnos Iron & Metal Company.
I left Louis Padnos Iron & Metal. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Louis Padnos Iron & Metal Company, (616) 532-4434) or the recordkeeper, Newport Group, Inc.. The Louis Padnos Iron & Metal old 401(k) page lists the contacts from every plan filing. Find an old Louis Padnos Iron & Metal 401(k)
Data from the public Form 5500 annual reports Louis Padnos Iron & Metal filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Louis Padnos Iron & Metal. Not financial advice. Report a correction · Methodology