Michigan › Wholesale trade › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Alro Steel Corporation and Subsidiaries RETIREMENT/401(K) Plan (Money Purchase Portion)
Sponsored by Alro Steel Corporation, Jackson, MI
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.
In the plan year ending 31 May 2025, Alro Steel Corporation and Subsidiaries RETIREMENT/401(K) Plan (Money Purchase Portion) covered 5,327 participants and held $23.2M in net assets. The plan is a money purchase plan sponsored by Alro Steel Corporation of Jackson, Michigan.
Net assets came to $4,353 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $65,557 median for defined contribution plans in wholesale trade. 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 1 service provider organisation paid $5,000 or more, with reported compensation of $15K: $2.81 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $15K. 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 $15.8M in 2009 to $23.2M in 2024 (up 47%), and participants from 1,821 to 5,327 (up 193%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $4,353 | $64,499 | $65,557 | $53,102 |
| Employer contributions per active participant | — | $2,424 | $2,107 | $2,175 |
| Schedule C compensation per participant | $2.81 | $53.38 | $153 | $123 |
| Schedule C compensation, share of net assets | 0.07% | 0.09% | 0.27% | 0.26% |
| Administrative expenses per participant | $2.81 | $54.85 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), wholesale trade (3,526) and all US plans (63,460). 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 | 5,327 | $23.2M | $4,353 | — | — | $15K |
| 2023 | 5,255 | $22.4M | $4,270 | — | — | $15K |
| 2022 | 5,018 | $21.0M | $4,182 | — | — | $15K |
| 2021 | 4,638 | $22.5M | $4,859 | — | — | $16K |
| 2020 | 4,092 | $24.9M | $6,087 | — | — | $18K |
| 2019 | 3,918 | $21.2M | $5,405 | — | — | $19K |
| 2018 | 3,696 | $19.6M | $5,305 | — | — | $7,000 |
| 2017 | 3,412 | $19.9M | $5,845 | — | — | $16K |
| 2016 | 3,173 | $19.1M | $6,007 | — | — | $5,000 |
| 2015 | 2,977 | $18.1M | $6,063 | — | — | $3,000 |
| 2014 | 2,787 | $19.0M | $6,834 | — | — | $5,000 |
| 2013 | 2,517 | $18.7M | $7,418 | — | — | $1,000 |
| 2012 | 2,327 | $17.4M | $7,496 | — | — | $2,000 |
| 2011 | 2,190 | $16.0M | $7,304 | — | — | $3,000 |
| 2010 | 2,010 | $17.4M | $8,643 | — | — | $2,000 |
| 2009 | 1,821 | $15.8M | $8,688 | $3,000 | — | $0 |
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$22,440,502
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$1,889,410
- Benefits paid$1,146,041
- Administrative expenses$14,966
- Total expenses$1,161,007
- Net income$728,403
- Net transfers$21,342
- Net assets, end of year$23,190,247
Participants
- Active participants3,006
- Retired or separated, receiving benefits2
- Retired or separated, entitled to future benefits2,296
- Participants with account balances5,220
- Total participants, end of year5,327
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock | Recordkeeping and information management | $14,966 | $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
- Contract administrator fees$14,966
- Total administrative expenses$14,966
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.
- Master trust investment accounts$23.2M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- 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
2CMoney purchase (other than target benefit) plan2FERISA section 404(c) plan2GTotal participant-directed account plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 423500: Metal & Mineral (except petroleum).
Other plans of Alro Steel Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Alro Steel Corporation and Subsidiaries RETIREMENT/401(K) Plan | 5,327 | $513M |
| Alro Steel Corp. Union Employees' 401(k) Plan | 352 | $11.4M |
| Alro Steel Corporation Union Employees' Money Purchase Pension Plan | 194 | $2.5M |
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Alro Steel Corporation and Subsidiaries RETIREMENT/401(K) Plan | Alro Steel Corporation | 5,327 | $513M | $96,261 |
| Lipari Foods 401(k) Profit Sharing Plan | Lipari Foods Operating Company, LLC | 3,483 | $70.3M | $20,195 |
| Thyssenkrupp Materials NA, Inc. 401(K)PLAN | Thyssenkrupp Materials NA, Inc. | 6,400 | $388M | $60,606 |
| Nemak USA, Inc. Retirement Savings Plan | Nemak USA, Inc. | 2,767 | $189M | $68,313 |
| Gordon Food Service, Inc. Profit Sharing Plan | Gordon Food Service, Inc. | 18,591 | $2.76B | $148,373 |
| McNaughton-McKay Electric Company Employee Stock Ownership Plan | McNaughton-McKay Electric Company | 2,167 | $1.52B | $699,209 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Alro Steel Corporation and Subsidiaries RETIREMENT/401(K) Plan (Money Purchase Portion)?
5,327 participants at the end of the plan year ending 31 May 2025, of whom 3,006 were active employees, with net assets of $23,190,247. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Alro Steel Corporation 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 $14,966 in compensation to service provider organisations, $2.81 per participant or 0.07% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $14,966. 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 Alro Steel Corporation. Recordkeeping or administration: John Hancock. The financial statements were audited by Deloitte & Touche LLP. 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. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 21 Nov 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 38-1300597, plan 017, received 21 Nov 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.