401(k) · DOL Form 5500 · 2023

Specialty Steel Works Incorporated 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
428
Participants Below avg headcount
75th
Percentile by assets National rank
$52,365
Avg per participant Low balance/head
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Official DOL plan name: Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan · Sponsored by Specialty Steel Works Incorporated · Indiana · Manufacturing

$22M in assets, 428 participants

Specialty Steel Works Incorporated's Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan reported $22M in total assets and 428 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #12,187 in Manufacturing (18,722 peers)

Where Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan sits by assets

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan sits in the top quartile of all filed plans by assets, $22M for 428 participants (~$52,365/participant), up 19.7% in 2023.

#12,187
in Manufacturing (18,722 peers)
+19.7%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan's outsized position by total assets

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$22,412,218 Top 25% higher than 75% of 127,068 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 2023

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan sits mid-pack in the medium band (428 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan reported net income rose from -$5M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan end-of-year assets rose from $19M in the plan year 2022 filing to $22M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 264430641 · Specialty Steel Works Incorporated PY 2023 · 401(k)

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan · $22M · 428 · 75th

  • EIN $22M
  • EIN 428
  • EIN 75th
  • EIN 401(k)
  • EIN near B & G Manufacturing 401(k) Profit Sharing Plan
  • EIN ind #12187

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 Indiana →

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan in the asset neighbourhood

Ita International LLC 401(k) PlanIta International LLC 401(k)…$22MUtica First Insurance Company Employees Retirement & Savings PlanUtica First Insurance Compan…$22MSpecialty Steel Works Incorporated Union 401(k) Retirement Savings PlanSpecialty Steel Works Incorp…$22MB & G Manufacturing 401(k) Profit Sharing PlanB & G Manufacturing 401(k) P…$22MWorkcare, Inc. Retirement Savings PlanWorkcare, Inc. Retirement Sa…$22M
End-of-year total assets ($M) among Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$22M
Net Income$4M
Employer EIN264430641
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Specialty Steel Works Incorporated)

Sponsor-wide plan assets over time

All Specialty Steel Works Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$76M 28.21416815424313% vs 2022
2024 filing year
$50M$60M$70M$80M 202220232024 $59.6M $76.4M ▲ +28.2%
Year Plans Participants Total Assets
2022 2 646 $60M
2023 2 649 $69M
2024 2 638 $76M

Nearby 401(k) Plans in Indiana

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

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan, Total assets ($B): 0.022412218 · Participants: 428Specialty Steel Works Incorporated Union 401(k) Retirement Savings PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan side-by-side with 3 peers →

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is B & G Manufacturing 401(k) Profit Sharing Plan in PA ($22M); by covered participants it is Tencarva Machinery Company Profit Sharing & 401(k) Plan in NC (428 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (428 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan assets move in 2023? ▼
Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan grew sharply - up 19.7% during 2023, from $19M to $22M. Reported net income was $4M.
How have Specialty Steel Works Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Specialty Steel Works Incorporated's sponsor-wide assets grew 28.2%, from $60M to $76M.
Where does Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is B & G Manufacturing 401(k) Profit Sharing Plan in PA ($22M, 183 participants).
Which 401(k) plans cover a similar participant headcount to Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tencarva Machinery Company Profit Sharing & 401(k) Plan in NC (428 participants, $81M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 264430641.

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.