Steel Dynamics, Inc.

Plan nameSteel Dynamics, Inc.
LocationFort Wayne, IN
Asset size ($mm)$1,500
Participants9,400
IndustryManufacturing – Industrial Products
Participation rate93%
Average deferral rate9.5%
# of funds offered25
Investment reviewQuarterly
True-up matchNo
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate6%
Default investmentTDF (all types)
Automatic escalationOpt-out
Systematic withdrawalsYes
Fee equalizationYes
  
Match rateMore than 100% of first 6% of salary
% receiving full match 
Maximum employer contribution>10%
  
Financial education 
Saving/BudgetingYes
Investing strategiesYes
College savingYes
Credit/Debt managementYes
Tax/Estate planningYes
Retiree health costs/savings optionsYes
 
RecordkeeperJohn Hancock
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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