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VERITAS STEEL

VERITAS STEEL 401(K) RETIREMENT SAVINGS PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Nov 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

59filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support
$2,849

Reported employer contributions per active participant.

Higher than about 80% of comparable plans
#People in the filing
100

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$362 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 10% of comparable plans
↗Investment performance
Not available

Plan assets changed 17.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202459out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions80th percentileTypical peer $1,709 · based on 1,081 comparable plans
Lower reported administrative expense10th percentileTypical peer $180 · based on 1,089 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, VERITAS STEEL reported $284,886 in employer contributions across the plan and 100 active participants. That works out to $2,849 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy65%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 2.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 5.7%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context59/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$284,886
Participant contributions
$838,176
Other contributions
Not reported
Employer share of reported contributions
25.4%
Beginning assets
$9,594,799
Ending assets
$11,285,330
Ending net assets
$11,285,330
Ending liabilities
$0
Total income
$2,574,296
Total expenses
$883,765
Administrative expenses
$53,580
Participant loans
$185,497

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$2,780
2023
$2,461
2024
$2,849
Plan-paid administrative expenses per participant
2022
$342
2023
$355
2024
$362
Active participants
2022
77
2023
97
2024
100
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2024$2,84910011.3M20251114091034NAL0002304017001
2023$2,461979.6M20241009092928NAL0037367826001
2022$2,780777.8M20231010055125NAL0055833634001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
1.6%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Yes
Public plan identifier
463778002-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Mar 14, 2002
Industry
Industry group 332
Amended filing
Yes
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2S2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
AMERICAN BEACON ADVISORS2024Not reportedunknown
AMERICAN FUNDS DISTRIBUTORS, INC.2024Not reportedunknown
BLACKROCK INVESTMENTS, INC.2024Not reportedunknown
DIMENSIONAL FUND ADVISORS2024Not reportedunknown
FIDELITY DISTRIBUTORS CORP.2024Not reportedunknown
GREAT GRAY TRUST2024Not reportedunknown
HARTFORD INVESTMENT FINANCIAL SERVI2024Not reportedunknown
INVESCO2024Not reportedunknown
J.P. MORGAN INVESTMENT MANAGEMENT2024Not reportedunknown
JANUS DISTRIBUTORS, LLC2024Not reportedunknown
LEGG MASON INVESTOR SERVICES, LLC2024Not reportedunknown
PUTNAM RETAIL MANAGEMENT2024Not reportedunknown
VANGUARD2024Not reportedunknown
VICTORY CAPITAL MANAGEMENT2024Not reportedunknown

Current plan terms

Help fill the gap the filing leaves.

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Filing ACK_ID20251114091034NAL0002304017001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗