401(k) · DOL Form 5500 · 2022

The Mill Steel Co. 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
314
Participants Below avg headcount
76th
Percentile by assets National rank
$57,556
Avg per participant Low balance/head
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Official DOL plan name: Mill Steel Company 401(k) Profit Sharing Plan · Sponsored by The Mill Steel Co. · Michigan · Manufacturing

$18M in assets, 314 participants

The Mill Steel Co.'s Mill Steel Company 401(k) Profit Sharing Plan reported $18M in total assets and 314 participants in its 2022 DOL Form 5500 filing, ranking in the 76th 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.

  • #13,623 in Manufacturing (20,602 peers)

Coverage in Michigan

Mill Steel Company 401(k) Profit Sharing Plan covers 314 participants in Michigan, about 49% of the average Michigan filer (state average ~638 per filing). Assets: $18M.

#13,623
in Manufacturing (20,602 peers)
-17.9%
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.

Mill Steel Company 401(k) Profit Sharing Plan's outsized position by total assets

Mill Steel Company 401(k) Profit Sharing Plan vs every filed plan by assets

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

$18,072,612 Top 24% higher than 76% 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

Mill Steel Company 401(k) 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. Mill Steel Company 401(k) Profit Sharing Plan sits mid-pack in the medium band (314 participants).

Plan-year Form 5500 strip

Filing strip 381676218 · The Mill Steel Co. PY 2022 · 401(k)

Mill Steel Company 401(k) Profit Sharing Plan · $18M · 314 · 76th

  • PCT $18M
  • PCT 314
  • PCT 76th
  • PCT 401(k)
  • PCT near Banesco USA 401(k) Plan
  • PCT ind #13623

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 Michigan →

Mill Steel Company 401(k) Profit Sharing Plan in the asset neighbourhood

Mill Steel Company 401(k) Profit Sharing PlanMill Steel Company 401(k) Pr…$18MBanesco USA 401(k) Plan$18MMember Solutions 401(k)$18MAmberwell Atchison Association Retirement Savings PlanAmberwell Atchison Associati…$18MScott Equipment Company Employees 401(k) Profit Sharing PlanScott Equipment Company Empl…$18M
End-of-year total assets ($M) among Mill Steel Company 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$18M
Net Income-$4M
Employer EIN381676218
Plan Effective Date1973-11-30
Filing StatusFILING RECEIVED

Sponsor Plan History (The Mill Steel Co.)

Sponsor-wide plan assets over time

All The Mill Steel Co. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 57.178414498136746% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $18.1M $28.4M ▲ +57.2%
Year Plans Participants Total Assets
2022 1 314 $18M
2023 1 337 $24M
2024 1 401 $28M

Nearby 401(k) Plans in Michigan

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

Mill Steel Company 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Mill Steel Company 401(k) Profit Sharing Plan, Total assets ($B): 0.018072612 · Participants: 314Mill Steel Company 401(k) Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Mill Steel Company 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Mill Steel Company 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Banesco USA 401(k) Plan in FL ($18M); by covered participants it is Benton Enterprises, Inc. 401(k) Plan in TX (314 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (314 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 Mill Steel Company 401(k) Profit Sharing Plan assets move in 2022? ▼
Mill Steel Company 401(k) Profit Sharing Plan declined sharply - down 17.9% during 2022, from $22M to $18M. Reported net income was -$4M.
How have The Mill Steel Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Mill Steel Co.'s sponsor-wide assets grew 57.2%, from $18M to $28M.
Where does Mill Steel Company 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Mill Steel Company 401(k) Profit Sharing Plan ranks in the 76th 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 Mill Steel Company 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Banesco USA 401(k) Plan in FL ($18M, 254 participants).
Which 401(k) plans cover a similar participant headcount to Mill Steel Company 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Benton Enterprises, Inc. 401(k) Plan in TX (314 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 381676218.

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.