401(k) · DOL Form 5500 · 2022

Universal Scrap Metals Inc. 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
175
Participants Small participant base
53rd
Percentile by assets National rank
$32,684
Avg per participant Low balance/head
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Official DOL plan name: Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust · Sponsored by Universal Scrap Metals Inc. · Illinois · Wholesale Trade

$6M in assets, 175 participants

Universal Scrap Metals Inc.'s Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust reported $6M in total assets and 175 participants in its 2022 DOL Form 5500 filing, ranking in the 53rd 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.

  • #2,855 in Wholesale Trade (6,843 peers)

Coverage in Illinois

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust covers 175 participants in Illinois, about 22% of the average Illinois filer (state average ~779 per filing). Assets: $6M.

#2,855
in Wholesale Trade (6,843 peers)
-10.8%
assets change YoY

The plan reported a net loss of $687K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Wholesale Trade and all filers

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$5,719,772 Top 47% higher than 53% 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

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust 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. Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (175 participants).

Published 5500 schedule card

Filing strip 363379546 · Universal Scrap Metals Inc. PY 2022 · 401(k)

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust · $6M · 175 · 53rd

  • EIN $6M
  • EIN 175
  • EIN 53rd
  • EIN 401(k)
  • EIN near Schaumburg & Polk, Inc. 401(k) Profit Sharing Plan & Trust
  • EIN ind #2855

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 Illinois →

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & TrustUniversal Scrap Metals Inc. …$6MSchaumburg & Polk, Inc. 401(k) Profit Sharing Plan & TrustSchaumburg & Polk, Inc. 401(…$6MAdams Remco, Inc. 401(k) Profit Sharing PlanAdams Remco, Inc. 401(k) Pro…$6MTri-State Electric 401(k) PlanTri-State Electric 401(k) Pl…$6MGreater Community Bank Employee Stock Ownership and 401(k) PlanGreater Community Bank Emplo…$6M
End-of-year total assets ($M) among Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$6M
Net Income-$687K
Employer EIN363379546
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Universal Scrap Metals Inc.)

Sponsor-wide plan assets over time

All Universal Scrap Metals Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 24.15010598324549% vs 2022
2023 filing year
$5.5M$6M$6.5M$7M$7.5M 20222023 $5.72M $7.1M ▲ +24.1%
Year Plans Participants Total Assets
2022 1 175 $6M
2023 1 80 $7M

Nearby 401(k) Plans in Illinois

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

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.005719772 · Participants: 175Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & TrustState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Schaumburg & Polk, Inc. 401(k) Profit Sharing Plan & Trust in TX ($6M); by covered participants it is Gudenkauf Corporation 401(k) Profit Sharing Plan in OH (175 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (175 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 Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust assets move in 2022? ▼
Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust pulled back noticeably - down 10.8% during 2022, from $6M to $6M. Reported net income was -$687K.
How have Universal Scrap Metals Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Universal Scrap Metals Inc.'s sponsor-wide assets grew 24.2%, from $6M to $7M.
Which 401(k) plans are similar in size to Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Schaumburg & Polk, Inc. 401(k) Profit Sharing Plan & Trust in TX ($6M, 59 participants).
Which 401(k) plans cover a similar participant headcount to Universal Scrap Metals Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Gudenkauf Corporation 401(k) Profit Sharing Plan in OH (175 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 363379546.

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.