Spartanburg Steel Products 401(k) match, vesting and fees
What Spartanburg Steel Products' 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 Co | Schedule C ↗ |
| Independent auditor | Sikich Cpa LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Spartanburg Steel Products: employer contribution per participant | $1,210 | |
| Peer median | $1,847 |
| Spartanburg Steel Products: average balance | $41,352 | |
| Peer median | $65,512 |
| Spartanburg Steel Products: admin expenses ÷ assets | 0.78% | |
| Peer median | 0.32% |
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 $4.9M at the end of plan year 2021 to $5.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 258 | $5.6M | $163K | $1,210 | 0.78% | Not published | Form 5500 ↗ |
| 2023 | 295 | $5M | $151K | $1,060 | 0.78% | Not published | Form 5500 ↗ |
| 2022 | 328 | $4.6M | $130K | $887 | 0.75% | Not published | Form 5500 ↗ |
| 2021 | 298 | $4.9M | $60K | $448 | 0.80% | Not published | Form 5500 ↗ |
Other Spartanburg Steel Products plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Spartanburg Steel Products, Inc. Savings and Investment 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 | Empower Annuity Insurance Co | Schedule C ↗ |
| Independent auditor | Sikich Cpa LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Pension Agreement Between Spartanburg Steel Products, Inc. and Int. Molders and Allied Workers Union Afl-Cio-Clc
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.
| Independent auditor | Sikich Cpa LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Spartanburg Steel Products, Inc. Retirement Plan for Salaried Employees
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.
| Independent auditor | Sikich Cpa LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Spartanburg Steel Products match 401(k) contributions?
The match terms for the Spartanburg Steel Products, Inc. 401(k) Savings and Investment Plan for Bargained for Employees have not been published from its filing yet. The plan year 2024 filing reports $163K in employer contributions, about $1,210 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Spartanburg Steel Products 401(k) match vested?
The vesting schedule for the Spartanburg Steel Products, Inc. 401(k) Savings and Investment Plan for Bargained for Employees is not in the data published so far. Your Summary Plan Description states it.
Who manages the Spartanburg Steel Products 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Co. The plan administrator is Spartanburg Steel Holdings, Inc..
I left Spartanburg Steel Products. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Spartanburg Steel Holdings, Inc., (864) 585-5211) or the recordkeeper, Empower Annuity Insurance Co. The Spartanburg Steel Products old 401(k) page lists the contacts from every plan filing. Find an old Spartanburg Steel Products 401(k)
Data from the public Form 5500 annual reports Spartanburg Steel Products 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 Spartanburg Steel Products. Not financial advice. Report a correction · Methodology