401(k) · DOL Form 5500 · 2023

Steel Dynamics, Inc. 401(k) Plan

Data updated 2026-08-25

$2.6B
Total assets Very large vs avg
9,015
Participants Very large workforce
99th
Percentile by assets National rank
$285,422
Avg per participant High balance/head
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Official DOL plan name: Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan · Sponsored by Steel Dynamics, Inc. · Indiana · Manufacturing

$2.6B in assets, 9,015 participants

Steel Dynamics, Inc.'s Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reported $2.6B in total assets and 9,015 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #18,532 in Manufacturing (18,722 peers)

Coverage in Indiana

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan covers 9,015 participants in Indiana, 17x the typical Indiana plan (state average ~541 per filing). Assets: $2.6B.

#18,532
in Manufacturing (18,722 peers)
+27.4%
assets growth YoY
26×
vs typical plan assets (national mean)

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan's outsized position by total assets

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan vs every filed plan by assets

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

$2,573,079,703 Top 1% higher than 99% 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

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan lands in the large band (9,015 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reported net income rose from -$17M in the plan year 2022 filing to $537M in the plan year 2023 filing.
  • Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan end-of-year assets rose from $2.0B in the plan year 2022 filing to $2.6B in the plan year 2023 filing.
  • Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reported participants rose from 8,632 in the plan year 2022 filing to 9,015 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 351929476 · Steel Dynamics, Inc. PY 2023 · 401(k)

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan · $2.6B · 9,015 · 99th

  • PART $2.6B
  • TYPE 9,015
  • NET 99th
  • BOOK 401(k)
  • VS-ST near Penn State Health 401(k) Savings Plan
  • BOY ind #18532

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 →

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan in the asset neighbourhood

Ally Financial Inc. Retirement Savings PlanAlly Financial Inc. Retireme…$2.6BRwjbarnabas Health 401(k) Savings PlanRwjbarnabas Health 401(k) Sa…$2.6BAir Products & Chemicals, Inc. Retirement Savings PlanAir Products & Chemicals, In…$2.6BSteel Dynamics, Inc. Profit Sharing and Retirement Savings PlanSteel Dynamics, Inc. Profit …$2.6BPenn State Health 401(k) Savings PlanPenn State Health 401(k) Sav…$2.6B
End-of-year total assets ($B) among Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$2.6B
Net Income$537M
Employer EIN351929476
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Steel Dynamics, Inc.)

Sponsor-wide plan assets over time

All Steel Dynamics, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3.0B 48.31735505467888% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B$3.5B 202220232024 $2.02B $3B ▲ +48.5%
Year Plans Participants Total Assets
2022 1 8,632 $2.0B
2023 1 9,015 $2.6B
2024 1 9,385 $3.0B

Nearby 401(k) Plans in Indiana

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

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 051015 Total assets ($B) Participants Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and 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 PlanNisource Inc Retirement Savings Plan, Total assets ($B): 1.730333853 · Participants: 7525Nisource Inc Retirement Savings Plan
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan reports $2.6B in end-of-year assets across 9,015 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $285,422 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2023 was $537M.

This plan identity (EIN 351929476, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.0B to $3.0B (+48.3%) while covered participants moved from 8,632 to 9,385 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,632 $2.0B Open filing
2023 9,015 $2.6B This page
2024 · index core 9,385 $3.0B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Penn State Health 401(k) Savings Plan in PA ($2.6B); by covered participants it is Teledyne Technologies Incorporated 401(k) Plan in CA (9,012 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (9,015 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 Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan assets move in 2023? ▼
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan grew sharply - up 27.4% during 2023, from $2.0B to $2.6B. Reported net income was $537M.
How have Steel Dynamics, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Steel Dynamics, Inc.'s sponsor-wide assets grew 48.3%, from $2.0B to $3.0B.
Where does Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Penn State Health 401(k) Savings Plan in PA ($2.6B, 14,765 participants).
Which 401(k) plans cover a similar participant headcount to Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Teledyne Technologies Incorporated 401(k) Plan in CA (9,012 participants, $1.9B 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 351929476.

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.