Universal Scrap Metals Inc. 401(k) Plan: Login, Facts & Contact Information

Universal Scrap Metals Inc. 401(k) Plan Facts

Plan name
UNIVERSAL SCRAP METALS INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
UNIVERSAL SCRAP METALS INC.
Participants
90 (223 active employees)
Plan assets
$7,686,919 at Dec 31, 2024
Average account balance
$80,072 across 96 accounts
Employer contributions
$332,010 in plan year 2024 (32% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2007
✓ 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-SF for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 5, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.03 million went into the plan in contributions, $332,010 of it from the employer (32%).
  • $1.14 million was paid out to participants.
  • Investment and other income added $724,073.

How the Universal Scrap Metals Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019189$4.62 million$236,435$393,220
2020199$5.57 million$232,046$354,619
2021193$6.41 million$230,835$495,498
2022190$5.72 million$278,807$604,167
202389$7.10 million$299,718$381,978
202490$7.69 million$332,010$1.14 million

Universal Scrap Metals Inc. 401(k) Contact Information

Phone
312-666-0011
Mailing address
2500 W. FULTON ST., CHICAGO IL 606122104
Plan sponsor
UNIVERSAL SCRAP METALS INC.
Employer identification number (EIN)
36-3379546
Plan number
001

Questions about the Universal Scrap Metals Inc. 401(k)

Does Universal Scrap Metals Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $332,010, 32% of all contributions.

Does the Universal Scrap Metals Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Universal Scrap Metals Inc 401(k) plan?

90 participants at the start of plan year 2024, 223 of them active employees.

What is the average 401(k) balance at Universal Scrap Metals Inc?

About $80,072 per account: $7.69 million in plan assets across 96 accounts with a balance at the end of plan year 2024.

Who manages the Universal Scrap Metals Inc 401(k) accounts?

TPP RETIREMENT PLAN SPECIALISTS is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Universal Scrap Metals Inc. How do I access my 401(k)?

Your account stays with TPP RETIREMENT PLAN SPECIALISTS 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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