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Company:
Steel Dynamics, Inc.
Plan:
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
 

Steel Dynamics, Inc.

80 Plan:

 
 
80
10
66
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (80) and the top rated plan (87) could equate to:
[How is this calculated?]
5 additional years of work
Up to $31,000 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 80, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, and Total Plan Cost. Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan currently has over 3,400 active participants and over $372.5M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 24
Top 3 Funds in this 401k
1. New York Life Guaranteed Investment Contract 14%
2. Steel Dynamics 2030 Portfolio 12%
3. Steel Dynamics 2020 Portfolio 9%

 Retirement Plan Details

Address Attn Corporate Benefits
7575 West Jefferson Blvd.
Fort Wayne, IN 46804 
Industry Iron and Steel Mills and Ferroalloy Manufacturing
Administrator Richard Poinsatte
Net Plan Assets $373,000,000
Total Participants 3,500
Avg Account Balance $110,000

 Compare Other Companies in Peer Group

Novelis 81.6
AK Steel 77.9
Gerdau Ameristeel US 76.3
Carpenter Technology 74.6
Ryerson 73.9
Allegheny Technologies 72.3

  Plan Service Providers

Insurance Carrier New York Life
Recordkeeper New York Life
Investment Adviser Blue Prairie Group, LLC
Auditor Haines, Isenbarger & Skiba LLC

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