401(k) · DOL Form 5500 · 2022
Steel Dynamics, Inc. 401(k) Plan
Data updated 2026-08-06
- $2.0B
- Total assets
- 8,632
- Participants
- 99th
- Percentile by assets
- $234,046
- Avg per participant
Official DOL plan name: Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan · Sponsored by Steel Dynamics, Inc. · Indiana · Manufacturing
$2.0B in assets, 8,632 participants
Steel Dynamics, Inc.'s Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reported $2.0B in total assets and 8,632 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,258 plans)
- #20,413 in Manufacturing (20,629 peers)
Coverage in Indiana
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan covers 8,632 participants in Indiana, 16x the typical Indiana plan (state average ~555 per filing). Assets: $2.0B.
- $2.0B
- total plan assets (2022 EOY)
- 8,632
- covered participants
- 99th
- percentile by assets (of 139,258 plans)
- $234,046
- avg assets per participant
The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Indiana filers
In Indiana, the average filing covers about 555 participants across 2,178 plans. Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reports 8,632 participants - 16x that state average ($2.0B EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | -$17M |
| Employer EIN | 351929476 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Steel Dynamics, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8,632 | $2.0B |
| 2023 | 1 | 9,015 | $2.6B |
| 2024 | 1 | 9,385 | $3.0B |
Nearby 401(k) Plans in Indiana
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
- Elevance Health 401(k) Plan $9.5B · 71,898
- The Lilly Employee 401(k) Plan $8.9B · 15,607
- Cummins Retirement and Savings Plan $4.4B · 23,710
- Iu Health 401(k) Savings Plan $3.2B · 39,243
- Nisource Inc Retirement Savings Plan $1.5B · 7,561
Scale composition for Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reports $2.0B in end-of-year assets across 8,632 participants (0.017% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.010% of 89,805,449 covered participants) - about $234,046 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2022 was -$17M.
This plan identity (EIN 351929476, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.0B to $3.0B (+48.3%) while covered participants moved from 8,632 to 9,385 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,632 | $2.0B | This page |
| 2023 | 9,015 | $2.6B | Open filing |
| 2024 · index core | 9,385 | $3.0B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan (401(k), $3.0B, 9,385 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan by total assets, not by location.
- Voya 401(k) Savings Plan (GA) $2.0B · 5,735
- Gordon Food Service, Inc. Profit Sharing Plan (MI) $2.0B · 12,710
- Highmark Investment Plan (PA) $2.0B · 15,045
- Gapshare 401(k) Plan (CA) $2.0B · 33,570
Frequently Asked Questions
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Filing takeaways
Ways to act on Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan's numbers.
- By total assets, Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Indiana. Compare plans
- Steel Dynamics, Inc.'s sponsor-wide assets have grown 48.3% since 2022 across 3 plan years on file. More Manufacturing plans