Schnitzer Steel Industries 401(k) match, vesting and fees
What Schnitzer Steel Industries' 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 | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Schnitzer Steel Industries: employer contribution per participant | $2,160 | |
| Peer median | $2,413 |
| Schnitzer Steel Industries: average balance | $69,380 | |
| Peer median | $86,456 |
| Schnitzer Steel Industries: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.12% |
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 $177M at the end of plan year 2021 to $189M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,228 | $189M | $5.9M | $2,160 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 3,525 | $180M | $5.9M | $2,081 | 0.10% | Not published | Form 5500 ↗ |
| 2022 | 3,526 | $156M | $5.6M | $2,132 | 0.10% | Not published | Form 5500 ↗ |
| 2021 | 3,333 | $177M | $4.8M | $2,351 | 0.11% | Not published | Form 5500 ↗ |
Other Schnitzer Steel Industries plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Pension Retirement Plan for the Employees of Radius Recycling Inc. and Affiliated Employers
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 | Usi Consulting Group | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Schnitzer Steel Industries match 401(k) contributions?
The match terms for the Schnitzer Steel Industries, Inc. Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $5.9M in employer contributions, about $2,160 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Schnitzer Steel Industries 401(k) match vested?
The vesting schedule for the Schnitzer Steel Industries, Inc. Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Schnitzer Steel Industries 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Schnitzer Steel Industries, Inc..
I left Schnitzer Steel Industries. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Schnitzer Steel Industries, Inc., (503) 415-7814) or the recordkeeper, Empower Annuity Insurance Company O. The Schnitzer Steel Industries old 401(k) page lists the contacts from every plan filing. Find an old Schnitzer Steel Industries 401(k)
Data from the public Form 5500 annual reports Schnitzer Steel Industries 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 Schnitzer Steel Industries. Not financial advice. Report a correction · Methodology