401(k) · DOL Form 5500 · 2022
Precision Strip Inc. 401(k) Plan
Data updated 2026-08-11
- $279M
- Total assets
- 1,334
- Participants
- 97th
- Percentile by assets
- $208,970
- Avg per participant
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.
- 97th percentile by assets (of 139,126 plans)
- #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.
- $279M
- total plan assets (2022 EOY)
- 1,334
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $208,970
- avg assets per participant
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 vs the 2022 asset distribution
By assets, Precision Strip Retirement and Savings Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 2.8x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $328M |
|---|---|
| Net Assets (End of Year) | $279M |
| Net Income | -$49M |
| Employer EIN | 341207681 |
| Plan Effective Date | 1979-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Precision Strip Inc.)
| 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
- The Sherwin-Williams Company 401(k) Plan $8.3B · 44,890
- The Progressive 401(k) Plan $7.6B · 50,299
- The Kroger Co. 401(k) Retirement Savings Account Plan $7.3B · 116,133
- Nationwide Savings Plan $6.7B · 24,278
- Marathon Petroleum Thrift Plan $6.4B · 17,666
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Precision Strip Retirement and Savings Plan by total assets, not by location.
- Profit Sharing and 401(k) Plan for Employees of Carlton Fields (FL) $279M · 655
- Pinterest 401(k) Plan (CA) $279M · 2,538
- Austin Advantage 401(k) Plan (TX) $279M · 6,893
- Smithfield Foods, Inc. Bargaining 401(k) Plan (VA) $279M · 16,413
Frequently Asked Questions
How did Precision Strip Retirement and Savings Plan assets move in 2022? ▼
How have Precision Strip Inc. plan assets changed over time? ▼
Where does Precision Strip Retirement and Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Precision Strip Retirement and Savings P…
Scale reading
Ways to act on Precision Strip Retirement and Savings Plan's numbers.
- By total assets, Precision Strip Retirement and Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Precision Strip Inc.'s sponsor-wide assets have grown 33.0% since 2022 across 3 plan years on file. More Manufacturing plans