Norfolk Iron & Metal Company 401(k) Plan: Login, Facts & Contact Information

Norfolk Iron & Metal Company 401(k) Plan Facts

Plan name
NIM 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NORFOLK IRON & METAL COMPANY
Participants
1,035 (818 active employees)
Former employees with a balance
164
Plan assets
$78,015,546 at Dec 31, 2024
Average account balance
$81,013 across 963 accounts
Employer contributions
$1,706,286 in plan year 2024 (24% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1987
✓ 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 Jul 28, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.12 million went into the plan in contributions, $1.71 million of it from the employer (24%).
  • $7.35 million was paid out to participants.
  • Investment and other income added $9.95 million.
  • Administrative expenses were $158,514, about $165 per account.

How the Norfolk Iron & Metal Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,069$52.2 million$1.49 million$3.06 million
20201,207$57.9 million$631,254$7.98 million
20211,019$71.2 million$2.00 million$5.90 million
20221,110$59.0 million$1.89 million$6.98 million
20231,095$68.5 million$1.89 million$8.25 million
20241,035$78.0 million$1.71 million$7.35 million

Norfolk Iron & Metal Company 401(k) Contact Information

Phone
402-371-1810
Mailing address
3001 N VICTORY RD, NORFOLK NE 687010833
Plan sponsor
NORFOLK IRON & METAL COMPANY
Employer identification number (EIN)
47-0460089
Plan number
001

Questions about the Norfolk Iron & Metal Company 401(k)

Does Norfolk Iron & Metal Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.71 million, 24% of all contributions.

Does the Norfolk Iron & Metal Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Norfolk Iron & Metal Company 401(k) plan?

1,035 participants at the start of plan year 2024, 818 of them active employees, and 164 former employees who still had money in the plan.

What is the average 401(k) balance at Norfolk Iron & Metal Company?

About $81,013 per account: $78.0 million in plan assets across 963 accounts with a balance at the end of plan year 2024.

Who manages the Norfolk Iron & Metal Company 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Norfolk Iron & Metal Company. How do I access my 401(k)?

Your account stays with Principal 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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