401(k) · DOL Form 5500 · 2022
Louis Padnos Iron & Metal Company 401(k) Plan
Data updated 2026-08-25
- $83M
- Total assets Below avg plan size
- 700
- Participants Below avg headcount
- 92nd
- Percentile by assets National rank
- $118,106
- Avg per participant Near avg balance/head
Official DOL plan name: Louis Padnos Iron & Metal Company Savings and Retirement Plan · Sponsored by Louis Padnos Iron & Metal Company · Michigan · Wholesale Trade
$83M in assets, 700 participants
Louis Padnos Iron & Metal Company's Louis Padnos Iron & Metal Company Savings and Retirement Plan reported $83M in total assets and 700 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.
- #6,380 in Wholesale Trade (6,843 peers)
Where Louis Padnos Iron & Metal Company Savings and Retirement Plan sits by assets
Louis Padnos Iron & Metal Company Savings and Retirement Plan sits in the top 10% of all filed plans by assets, $83M for 700 participants (~$118,106/participant), down 16.9% in 2022.
- #6,380
- in Wholesale Trade (6,843 peers)
- -16.9%
- assets change YoY
- 0.8×
- vs typical plan assets (national mean)
The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Louis Padnos Iron & Metal Company Savings and Retirement Plan's outsized position by total assets
Louis Padnos Iron & Metal Company Savings and Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$82,674,379 Top 8% higher than 92% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Louis Padnos Iron & Metal Company Savings and Retirement 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. Louis Padnos Iron & Metal Company Savings and Retirement Plan sits mid-pack in the medium band (700 participants).
EBSA filing schedule strip
Filing strip 381283690 · Louis Padnos Iron & Metal Company PY 2022 · 401(k)
Louis Padnos Iron & Metal Company Savings and Retirement Plan · $83M · 700 · 92nd
- PART $83M
- PART 700
- PART 92nd
- PART 401(k)
- PART near Greenstate Credit Union 401(k) Retirement Plan
- PART ind #6380
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 Michigan →
Louis Padnos Iron & Metal Company Savings and Retirement Plan in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $100M |
|---|---|
| Net Assets (End of Year) | $83M |
| Net Income | -$16M |
| Employer EIN | 381283690 |
| Plan Effective Date | 1953-06-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Louis Padnos Iron & Metal Company)
Sponsor-wide plan assets over time
All Louis Padnos Iron & Metal Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $103M 24.603606638520986% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 700 | $83M |
| 2023 | 1 | 854 | $95M |
| 2024 | 1 | 884 | $103M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
- The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811
Louis Padnos Iron & Metal Company Savings and Retirement Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Greenstate Credit Union 401(k) Retirement Plan in IA ($83M); by covered participants it is Tep Holdings 401(k) Plan in NC (700 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($83M here).
- Greenstate Credit Union 401(k) Retirement Plan (IA) $83M · 992
- Noms 401(k) Profit Sharing Plan (OH) $83M · 1,072
- Cardiovascular Provider Resources 401(k) Savings Plan (TX) $83M · 310
- Lendmark 401(k) Plan (GA) $83M · 1,841
Similar participant headcount
Nearest other-state filings by covered participants (700 participants); asset peers above are excluded.
- Tep Holdings 401(k) Plan (NC) 700 · 0 off
- Chr. Hansen Investment and Retirement Plan (WI) 700 · 0 off
- Construction Specialties, Inc. Ret Savings Plan (NJ) 700 · 0 off
- Jay Industries, Inc. Profit Sharing & 401(k) Plan (OH) 700 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.