401(k) · DOL Form 5500 · 2022

Precision Strip Inc. 401(k) Plan

Data updated 2026-08-25

$279M
Total assets Near avg plan size
1,334
Participants Near avg headcount
97th
Percentile by assets National rank
$208,970
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Precision Strip Retirement and Savings Plan · Sponsored by Precision Strip Inc. · Ohio · Manufacturing

$279M in assets, 1,334 participants

Precision Strip Inc.'s Precision Strip Retirement and Savings Plan reported $279M in total assets and 1,334 participants in its 2022 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #19,483 in Manufacturing (20,602 peers)

Where Precision Strip Retirement and Savings Plan sits by assets

Precision Strip Retirement and Savings Plan sits in the top 5% of all filed plans by assets, $279M for 1,334 participants (~$208,970/participant), down 15.0% in 2022.

#19,483
in Manufacturing (20,602 peers)
-15.0%
assets change YoY
2.8×
vs typical plan assets (national mean)

The plan reported a net loss of $49M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Precision Strip Retirement and Savings Plan's outsized position by total assets

Precision Strip Retirement and Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$278,765,442 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Precision Strip Retirement and Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Precision Strip Retirement and Savings Plan lands in the large band (1,334 participants).

EBSA filing schedule strip

Filing strip 341207681 · Precision Strip Inc. PY 2022 · 401(k)

Precision Strip Retirement and Savings Plan · $279M · 1,334 · 97th

  • TYPE $279M
  • TYPE 1,334
  • TYPE 97th
  • TYPE 401(k)
  • TYPE near Profit Sharing and 401(k) Plan for Employees of Carlton Fields
  • TYPE ind #19483

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Ohio →

Precision Strip Retirement and Savings Plan in the asset neighbourhood

Smithfield Foods, Inc. Bargaining 401(k) PlanSmithfield Foods, Inc. Barga…$279MPrecision Strip Retirement and Savings PlanPrecision Strip Retirement a…$279MProfit Sharing and 401(k) Plan for Employees of Carlton FieldsProfit Sharing and 401(k) Pl…$279MPinterest 401(k) Plan$279MAustin Advantage 401(k) Plan$279M
End-of-year total assets ($M) among Precision Strip Retirement and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$328M
Net Assets (End of Year)$279M
Net Income-$49M
Employer EIN341207681
Plan Effective Date1979-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Precision Strip Inc.)

Sponsor-wide plan assets over time

All Precision Strip Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$371M 33.02075764470116% vs 2022
2024 filing year
$250M$300M$350M$400M 202220232024 $279M $371M ▲ +33.0%
Year Plans Participants Total Assets
2022 1 1,334 $279M
2023 1 1,414 $335M
2024 1 1,513 $371M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Precision Strip Retirement and Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Precision Strip Retirement and Savings Plan, Total assets ($B): 0.278765442 · Participants: 1334Precision Strip Retirement and Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Precision Strip Retirement and Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Precision Strip Retirement and Savings Plan side-by-side with 3 peers →

Precision Strip Retirement and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Profit Sharing and 401(k) Plan for Employees of Carlton Fields in FL ($279M); by covered participants it is Manatts, Inc. and Affiliated Companies 401(k) Retirement Plan in IA (1,334 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($279M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,334 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Precision Strip Retirement and Savings Plan assets move in 2022? ▼
Precision Strip Retirement and Savings Plan pulled back noticeably - down 15.0% during 2022, from $328M to $279M. Reported net income was -$49M.
How have Precision Strip Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Precision Strip Inc.'s sponsor-wide assets grew 33.0%, from $279M to $371M.
Where does Precision Strip Retirement and Savings Plan rank by assets among Form 5500 filers? ▼
Precision Strip Retirement and Savings Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Precision Strip Retirement and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Profit Sharing and 401(k) Plan for Employees of Carlton Fields in FL ($279M, 655 participants).
Which 401(k) plans cover a similar participant headcount to Precision Strip Retirement and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Manatts, Inc. and Affiliated Companies 401(k) Retirement Plan in IA (1,334 participants, $95M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341207681.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.