401(k) · DOL Form 5500 · 2023

Louis Padnos Iron & Metal Company 401(k) Plan

Data updated 2026-08-11

$95M
Total assets: 854
Participants: 91st
Percentile by assets: $111,196
Avg per participant

Official DOL plan name: Louis Padnos Iron & Metal Company Savings and Retirement Plan · Sponsored by Louis Padnos Iron & Metal Company · Michigan · Wholesale Trade

$95M in assets, 854 participants

Louis Padnos Iron & Metal Company's Louis Padnos Iron & Metal Company Savings and Retirement Plan reported $95M in total assets and 854 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

91st percentile by assets (of 127,072 plans)
#5,834 in Wholesale Trade (6,309 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, $95M for 854 participants (~$111,196/participant), up 14.9% in 2023.

$95M
total plan assets (2023 EOY): 854
covered participants: 91st
percentile by assets (of 127,072 plans): $111,196
avg assets per participant

Where Louis Padnos Iron & Metal Company Savings and Retirement Plan sits 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 2023 · DOL Form 5500

$94,961,162 Top 9% higher than 91% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Louis Padnos Iron & Metal Company Savings and Retirement Plan reported net income rose from -$16M in the plan year 2022 filing to $12M in the plan year 2023 filing.
Louis Padnos Iron & Metal Company Savings and Retirement Plan reported participants rose from 700 in the plan year 2022 filing to 854 in the plan year 2023 filing.
Louis Padnos Iron & Metal Company Savings and Retirement Plan end-of-year assets rose from $83M in the plan year 2022 filing to $95M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Wholesale Trade

Louis Padnos Iron & Metal Company Savings and Retirement Plan vs the 2023 asset distribution

By assets, Louis Padnos Iron & Metal Company Savings and Retirement Plan outranks 91% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$83M
Net Assets (End of Year)	$95M
Net Income	$12M
Employer EIN	381283690
Plan Effective Date	1953-06-30
Filing Status	FILING RECEIVED

Sponsor Plan History (Louis Padnos Iron & Metal Company)

Total plan assets by year, all Louis Padnos Iron & Metal Company plans on file

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.

Louis Padnos Iron & Metal Company Savings and Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195

Compare Louis Padnos Iron & Metal Company Saving… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Louis Padnos Iron & Metal Company Savings and Retirement Plan by total assets, not by location.

The Sycuan Band of the Kumeyaay Nation 401(k) Retirement Savings Plan (CA) $95M · 1,939
Healthedge Software 401(k) Plan (MA) $95M · 993
Actionet, Inc. 401(k) Profit Sharing Plan & Trust (VA) $95M · 277
Liberty Media 401(k) Savings Plan (CO) $95M · 607

Frequently Asked Questions

How did Louis Padnos Iron & Metal Company Savings and Retirement Plan assets move in 2023? ▼

Louis Padnos Iron & Metal Company Savings and Retirement Plan grew at a solid clip - up 14.9% during 2023, from $83M to $95M. Reported net income was $12M.

How have Louis Padnos Iron & Metal Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Louis Padnos Iron & Metal Company's sponsor-wide assets grew 24.6%, from $83M to $103M.

Where does Louis Padnos Iron & Metal Company Savings and Retirement Plan rank by assets among Form 5500 filers? ▼

Louis Padnos Iron & Metal Company Savings and Retirement Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Louis Padnos Iron & Metal Company Savings and Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is The Sycuan Band of the Kumeyaay Nation 401(k) Retirement Savings Plan in CA ($95M, 1,939 participants).

Next read for Louis Padnos Iron & Metal Company Saving…

Scale reading

Ways to act on Louis Padnos Iron & Metal Company Savings and Retirement Plan's numbers.

By total assets, Louis Padnos Iron & Metal Company Savings and Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
Louis Padnos Iron & Metal Company's sponsor-wide assets have grown 24.6% since 2022 across 3 plan years on file. More Wholesale Trade plans

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 381283690.