401(k) · DOL Form 5500 · 2022

Steel Services Ltd 401(k) Plan

Data updated 2026-08-25

$232M
Total assets Near avg plan size
1,991
Participants Near avg headcount
96th
Percentile by assets National rank
$116,738
Avg per participant Below avg balance/head
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Official DOL plan name: Steel Partners 401(k) Savings Plan · Sponsored by Steel Services Ltd · New York · Manufacturing

$232M in assets, 1,991 participants

Steel Services Ltd's Steel Partners 401(k) Savings Plan reported $232M in total assets and 1,991 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #19,323 in Manufacturing (20,602 peers)

Coverage in New York

Steel Partners 401(k) Savings Plan covers 1,991 participants in New York, 2.5x the typical New York plan (state average ~798 per filing). Assets: $232M.

#19,323
in Manufacturing (20,602 peers)
-19.2%
assets change YoY
2.3×
vs typical plan assets (national mean)

The plan reported a net loss of $55M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Steel Partners 401(k) Savings Plan's outsized position by total assets

Steel Partners 401(k) Savings Plan vs every filed plan by assets

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

$232,424,382 Top 4% higher than 96% 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

Steel Partners 401(k) 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. Steel Partners 401(k) Savings Plan lands in the large band (1,991 participants).

Published 5500 schedule card

Filing strip 453811142 · Steel Services Ltd PY 2022 · 401(k)

Steel Partners 401(k) Savings Plan · $232M · 1,991 · 96th

  • VS-ST $232M
  • VS-ST 1,991
  • VS-ST 96th
  • VS-ST 401(k)
  • VS-ST near The Sparc Group LLC 401(k) Investment and Savings Plan
  • VS-ST ind #19323

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 New York →

Steel Partners 401(k) Savings Plan in the asset neighbourhood

Proservice Hawaii 401(k) Plan$232MThe Sparc Group LLC 401(k) Investment and Savings PlanThe Sparc Group LLC 401(k) I…$232MSteel Partners 401(k) Savings PlanSteel Partners 401(k) Saving…$232MThe Smithgroup Retirement Accumulation PlanThe Smithgroup Retirement Ac…$232MBiotronik/Micro Systems Engineering 401(k) PlanBiotronik/Micro Systems Engi…$232M
End-of-year total assets ($M) among Steel Partners 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$288M
Net Assets (End of Year)$232M
Net Income-$55M
Employer EIN453811142
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Steel Services Ltd)

Sponsor-wide plan assets over time

All Steel Services Ltd plans reported in each filing year

Latest sponsor-wide plan assets
$287M 23.65856392811663% vs 2022
2024 filing year
$220M$240M$260M$280M$300M 202220232024 $232M $287M ▲ +23.7%
Year Plans Participants Total Assets
2022 1 1,991 $232M
2023 1 2,682 $264M
2024 1 3,137 $287M

Nearby 401(k) Plans in New York

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

Steel Partners 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Steel Partners 401(k) Savings Plan, Total assets ($B): 0.232424382 · Participants: 1991Steel Partners 401(k) Savings PlanIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
Steel Partners 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Steel Partners 401(k) Savings Plan side-by-side with 3 peers →

Steel Partners 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is The Sparc Group LLC 401(k) Investment and Savings Plan in NJ ($232M); by covered participants it is Rose Acre Farms Employees' 401(k) Plan in IN (1,991 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($232M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,991 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 Steel Partners 401(k) Savings Plan assets move in 2022? ▼
Steel Partners 401(k) Savings Plan declined sharply - down 19.2% during 2022, from $288M to $232M. Reported net income was -$55M.
How have Steel Services Ltd plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Steel Services Ltd's sponsor-wide assets grew 23.7%, from $232M to $287M.
Where does Steel Partners 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Steel Partners 401(k) Savings Plan ranks in the 96th 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 Steel Partners 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Sparc Group LLC 401(k) Investment and Savings Plan in NJ ($232M, 4,691 participants).
Which 401(k) plans cover a similar participant headcount to Steel Partners 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rose Acre Farms Employees' 401(k) Plan in IN (1,991 participants, $71M 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 453811142.

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.