Steel-Craft Corp. of Hartford 401(k) Review & Grade
Steel-Craft Corp. of Hartford Employees' 401(k) Profit-Sharing Plan
Hartford, WIManufacturing618 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,254Employer $ per active participant
$4,467Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$25.2MNet plan assets, end of year
$42,249Average balance per account
Score breakdown
- Employer generosity24.5 / 5049th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 30th |
| Employee saving | 44th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Steel-Craft Corp. of Hartford put in about $2,254 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,391,999 |
| Participant (employee) contributions | $2,758,591 |
| Other contributions (incl. rollovers in) | $754,867 |
| Administrative expenses paid from the plan | $94,550 |
| Contract administrator fees | $94,550 |
| Benefits paid out | $4,058,518 |
| Net assets, start / end of year | $21.7M / $25.2M |
| Active participants, start / end of year | 725 / 510 |
| Participants with account balances | 596 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $94,029 reported compensation |
| Global Retirement Partners LLC | $40,610 reported compensation |
| Cla | $15,696 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007091900NAL0002538003001, received 2025-10-07, EIN 39-1235866, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.