Ohio › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Thomas Steel Strip Corp. Pension Plan
Sponsored by Thomas Steel Strip Corp., Warren, OH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Thomas Steel Strip Corp. Pension Plan is a defined benefit pension plan sponsored by Thomas Steel Strip Corp. of Warren, Ohio. For the plan year ending 31 Dec 2024 it reported 444 participants, 47 of them active, and net assets of $65.7M.
Net assets came to $148,036 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $301K: $678 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $301K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $48.1M in 2009 to $65.7M in 2024 (up 37%), and participants from 627 to 444 (down 29%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $148,036 | $87,254 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $6,915 | $10,244 |
| Schedule C compensation per participant | $678 | $413 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.46% | 0.51% | 0.47% | 0.42% |
| Administrative expenses per participant | $678 | $596 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 444 | $65.7M | $148,036 | — | — | $301K |
| 2023 | 456 | $71.1M | $155,897 | — | — | $236K |
| 2022 | 463 | $71.0M | $153,389 | $10.2M | — | $241K |
| 2021 | 474 | $79.8M | $168,376 | $4.9M | — | $180K |
| 2020 | 502 | $72.5M | $144,363 | $3.3M | — | $108K |
| 2019 | 513 | $68.8M | $134,148 | $5.0M | — | $131K |
| 2018 | 517 | $60.2M | $116,524 | $3.7M | — | $54K |
| 2017 | 529 | $67.8M | $128,100 | $2.6M | — | $63K |
| 2016 | 527 | $63.0M | $119,617 | $3.0M | — | $124K |
| 2015 | 545 | $61.0M | $111,839 | $3.8M | — | $72K |
| 2014 | 557 | $63.7M | $114,445 | $3.9M | — | $65K |
| 2013 | 572 | $61.8M | $108,024 | $5.0M | — | $217K |
| 2012 | 583 | $55.0M | $94,336 | $4.0M | — | $263K |
| 2011 | 589 | $49.8M | $84,582 | $5.1M | — | $241K |
| 2010 | 614 | $49.9M | $81,306 | — | — | $203K |
| 2009 | 627 | $48.1M | $76,667 | — | — | $236K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$71,088,514
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$1,168,590
- Benefits paid$6,228,077
- Administrative expenses$300,959
- Total expenses$6,529,036
- Net income−$5,360,446
- Net transfers$0
- Net assets, end of year$65,728,068
Participants
- Active participants47
- Retired or separated, receiving benefits280
- Retired or separated, entitled to future benefits21
- Total participants, end of year444
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Morgan Stanley | Custodial (securities) | $204,513 | $0 |
| Buck Global, LLC | Actuarial | $70,567 | $0 |
| Comerica Bank | Trustee (bank, trust company, or similar financial institution) | $25,879 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$230,392
- Actuarial fees$70,567
- Total administrative expenses$300,959
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate debt instruments$35.4M · 53.7%
- U.S. Government securities$17.7M · 26.8%
- Registered investment companies (mutual funds)$6.4M · 9.7%
- Other investments$4.1M · 6.2%
- Cash (interest and non-interest bearing)$1.9M · 2.8%
- Receivables$494K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 331200: Steel Product Mfg from Purchased Steel.
Other plans of Thomas Steel Strip Corp.
| Plan | Participants | Net assets |
|---|---|---|
| Thomas Steel Strip Corporation 401(k) Plan | 317 | $37.4M |
| Thomas Steel Strip Corp. Retirement Income Plan | 249 | $21.4M |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Hitachi Astemo Findlay Inc. Pension Plan | Hitachi Astemo Findlay, Inc. | 470 | $6.4M | $13,646 |
| Cincinnati Incorporated Employees' Retirement Pension Plan | Cincinnati Incorporated | 419 | $38.6M | $92,144 |
| GE Aviation Systems Pension Plan for UAW Local 330 Union Employees of the Grand Rapids, Mi Division | GE Aviation Systems LLC | 485 | $24.1M | $49,761 |
| Emery Oleochemicals Retirement Plan | Emery Oleochemicals LLC | 414 | $42.5M | $102,649 |
| The Gorman-Rupp Company Retirement Plan | The Gorman-Rupp Company | 493 | $56.1M | $113,734 |
| Nidec Minster Corporation Consolidated Pension Trust | Nidec Minster Corporation | 383 | $52.8M | $137,770 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Thomas Steel Strip Corp. Pension Plan?
444 participants at the end of the plan year ending 31 Dec 2024, of whom 47 were active employees, with net assets of $65,728,068. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Thomas Steel Strip Corp. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $300,959 in compensation to service provider organisations, $678 per participant or 0.46% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $300,959. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Thomas Steel Strip Corp.. Trustee or custodian: Morgan Stanley and Comerica Bank. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-2799255, plan 001, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.