Steel Dynamics 401(k) match, vesting and fees
What Steel Dynamics' 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 Retirement Plan Srvcs | Schedule C ↗ |
| Independent auditor | Haines, Isenbarger & Skiba, 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 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Steel Dynamics: employer contribution per participant | $15,337 | |
| Peer median | $3,733 |
| Steel Dynamics: average balance | $246,559 | |
| Peer median | $157,962 |
| Steel Dynamics: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.05% |
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 $2B at the end of plan year 2021 to $3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 12,401 | $3B | $186M | $15,337 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 11,404 | $2.6B | $248M | $21,845 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 11,066 | $2B | $320M | $29,385 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 10,466 | $2B | $278M | $26,774 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Steel Dynamics match 401(k) contributions?
The match terms for the Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $186M in employer contributions, about $15,337 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Steel Dynamics 401(k) match vested?
The vesting schedule for the Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Steel Dynamics 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Retirement Plan Srvcs. The plan administrator is Steel Dynamics, Inc..
I left Steel Dynamics. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Steel Dynamics, Inc., (260) 969-3500) or the recordkeeper, John Hancock Retirement Plan Srvcs. The Steel Dynamics old 401(k) page lists the contacts from every plan filing. Find an old Steel Dynamics 401(k)
Data from the public Form 5500 annual reports Steel Dynamics 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 Steel Dynamics. Not financial advice. Report a correction · Methodology