Mcelroy Metal Mill, Inc. Employee Stock Ownership Plan
ERISA Form 5500 plan record drawn from DOL EBSA โ verify with linked source filings below.
Sponsored by Mcelroy Metal Mill, Inc. ยท Louisiana ยท Manufacturing
What the 2023 filing shows
Mcelroy Metal Mill, Inc. Employee Stock Ownership Plan holds $179M for 566 participants - about $315,473 per participant, up 4821.9% over the 2022 plan year.
- $179M
- total plan assets (2022 EOY)
- 566
- covered participants
- $315,473
- avg assets per participant
- +4821.9%
- assets growth YoY
The plan reported a net loss of $188M for the year โ a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About Mcelroy Metal Mill, Inc. Employee Stock Ownership Plan
Mcelroy Metal Mill, Inc. Employee Stock Ownership Plan is a Other retirement plan sponsored by Mcelroy Metal Mill, Inc., headquartered in Louisiana. As of the 2022 Form 5500 filing, the plan reports $179M in total end-of-year assets and covers 566 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 720573087, and the plan has been effective since 2021-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $4M at the beginning of 2022 to $179M at year-end โ a gain of 4821.9%. Net assets (after liabilities) closed the year at $-184,264,321, with reported net income of $-187,892,166 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $4M |
| Total Assets (End of Year) | $179M |
| Net Assets (End of Year) | $-184,264,321 |
| Net Income | $-187,892,166 |
| Plan Type | Other |
| Employer EIN | 720573087 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mcelroy Metal Mill, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,256 | $232M |
| 2023 | 2 | 1,235 | $205M |
| 2024 | 2 | 1,255 | $211M |
Nearby Other Plans in Louisiana
Peer Other plans โ same state, same plan type โ ranked by total assets.
- Tulane University Faculty and Administrative 403(b) Retirement Plan $744M ยท 3,591
- Magnolia Employee Stock Ownership Plan $612M ยท 44
- Tulane University Tax Deferral 403(b) Retirement Plan $542M ยท 7,483
- Acadian Ambulance Service, Inc. Employee Stock Ownership Plan $446M ยท 3,467
- Tulane University Staff 403(b) Retirement Plan $291M ยท 3,064
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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) โ original filing retrieval by EIN 720573087.
Reference: IRS Publication 560 โ Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B โ Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology โ how this data is sourced, computed, and verified.