401(k) · DOL Form 5500 · 2022

West Central Steel, Inc 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
118
Participants Small participant base
75th
Percentile by assets National rank
$143,302
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Consolidated 401(k) and Profit Sharing Plan · Sponsored by West Central Steel, Inc · Minnesota · Wholesale Trade

$17M in assets, 118 participants

West Central Steel, Inc's Consolidated 401(k) and Profit Sharing Plan reported $17M in total assets and 118 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #4,872 in Wholesale Trade (6,843 peers)

Coverage in Minnesota

Consolidated 401(k) and Profit Sharing Plan covers 118 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $17M.

#4,872
in Wholesale Trade (6,843 peers)
-18.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Consolidated 401(k) and Profit Sharing Plan's outsized position by total assets

Consolidated 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$16,909,655 Top 25% higher than 75% 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

Consolidated 401(k) and Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Consolidated 401(k) and Profit Sharing Plan sits mid-pack in the medium band (118 participants).

Form 5500 schedule snapshot

Filing strip 410845463 · West Central Steel, Inc PY 2022 · 401(k)

Consolidated 401(k) and Profit Sharing Plan · $17M · 118 · 75th

  • BOOK $17M
  • BOOK 118
  • BOOK 75th
  • BOOK 401(k)
  • BOOK near Lane & Associates, Inc. 401(k) Plan
  • BOOK ind #4872

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 Wholesale Trade retirement plans → · Plans in Minnesota →

Consolidated 401(k) and Profit Sharing Plan in the asset neighbourhood

Consolidated 401(k) and Profit Sharing PlanConsolidated 401(k) and Prof…$17MLane & Associates, Inc. 401(k) PlanLane & Associates, Inc. 401(…$17MIllinois Action for Children Employee 401(k) PlanIllinois Action for Children…$17MJoseph P. Carrara & Sons Inc. 401(k) and Profit Sharing PlanJoseph P. Carrara & Sons Inc…$17MDeliverhealth Solutions, LLC 401(k) PlanDeliverhealth Solutions, LLC…$17M
End-of-year total assets ($M) among Consolidated 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$17M
Net Income-$4M
Employer EIN410845463
Plan Effective Date1975-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (West Central Steel, Inc)

Sponsor-wide plan assets over time

All West Central Steel, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$20M 21.035526744927676% vs 2022
2024 filing year
$16M$18M$20M$22M 202220232024 $16.9M $20.5M ▲ +21.1%
Year Plans Participants Total Assets
2022 1 118 $17M
2023 1 124 $18M
2024 1 126 $20M

Nearby 401(k) Plans in Minnesota

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

Consolidated 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Consolidated 401(k) and Profit Sharing Plan, Total assets ($B): 0.016909655 · Participants: 118Consolidated 401(k) and Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Consolidated 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Consolidated 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Consolidated 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Lane & Associates, Inc. 401(k) Plan in NC ($17M); by covered participants it is Lumbee Tribe Enterprises, LLC 401(k) Plan in NC (118 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (118 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 Consolidated 401(k) and Profit Sharing Plan assets move in 2022? ▼
Consolidated 401(k) and Profit Sharing Plan declined sharply - down 18.1% during 2022, from $21M to $17M. Reported net income was -$4M.
How have West Central Steel, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), West Central Steel, Inc's sponsor-wide assets grew 21.0%, from $17M to $20M.
Where does Consolidated 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Consolidated 401(k) and Profit Sharing Plan ranks in the 75th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Consolidated 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lane & Associates, Inc. 401(k) Plan in NC ($17M, 521 participants).
Which 401(k) plans cover a similar participant headcount to Consolidated 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lumbee Tribe Enterprises, LLC 401(k) Plan in NC (118 participants, N/A 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 410845463.

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.