Canam Steel Corporation 401(k) Plan: Login, Facts & Contact Information

Canam Steel Corporation 401(k) Plan Facts

Plan name
CANAM 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CANAM STEEL CORPORATION
Participants
1,489 (1,069 active employees)
Former employees with a balance
340
Plan assets
$95,072,269 at Dec 31, 2024
Average account balance
$67,957 across 1,399 accounts
Employer contributions
$3,396,665 in plan year 2024 (30% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $11.3 million went into the plan in contributions, $3.40 million of it from the employer (30%).
  • $8.98 million was paid out to participants.
  • Investment and other income added $9.71 million.
  • Administrative expenses were $136,930, about $98 per account.

How the Canam Steel Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,763$115.6 million$4.35 million$6.80 million
20202,781$124.5 million$4.63 million$7.07 million
20212,592$72.7 million$3.95 million$8.29 million
20221,225$67.3 million$3.22 million$3.69 million
20231,406$83.2 million$3.44 million$4.94 million
20241,489$95.1 million$3.40 million$8.98 million

Canam Steel Corporation 401(k) Contact Information

Phone
301-874-5141
Mailing address
4010 CLAY STREET, P.O. BOX 285, POINT OF ROCKS MD 21777
Plan sponsor
CANAM STEEL CORPORATION
Employer identification number (EIN)
52-0998510
Plan number
002

Questions about the Canam Steel Corporation 401(k)

Does Canam Steel Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $3.40 million, 30% of all contributions.

Does the Canam Steel Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Canam Steel Corporation 401(k) plan?

1,489 participants at the start of plan year 2024, 1,069 of them active employees, and 340 former employees who still had money in the plan.

What is the average 401(k) balance at Canam Steel Corporation?

About $67,957 per account: $95.1 million in plan assets across 1,399 accounts with a balance at the end of plan year 2024.

Who manages the Canam Steel Corporation 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Canam Steel Corporation. How do I access my 401(k)?

Your account stays with Vanguard after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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