401(k) · DOL Form 5500 · 2023

Majestic Steel USA, Inc. 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
443
Participants Below avg headcount
83rd
Percentile by assets National rank
$89,319
Avg per participant Below avg balance/head
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Official DOL plan name: Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust · Sponsored by Majestic Steel USA, Inc. · Ohio · Manufacturing

$40M in assets, 443 participants

Majestic Steel USA, Inc.'s Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust reported $40M in total assets and 443 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #14,184 in Manufacturing (18,722 peers)

Where Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust sits by assets

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust sits in the top quartile of all filed plans by assets, $40M for 443 participants (~$89,319/participant), up 21.0% in 2023.

#14,184
in Manufacturing (18,722 peers)
+21.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$39,568,146 Top 17% higher than 83% 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

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust 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. Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (443 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust reported net income rose from -$2M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $33M in the plan year 2022 filing to $40M in the plan year 2023 filing.
  • Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust reported participants rose from 435 in the plan year 2022 filing to 443 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 341289145 · Majestic Steel USA, Inc. PY 2023 · 401(k)

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust · $40M · 443 · 83rd

  • ASSETS $40M
  • PCT 443
  • EIN 83rd
  • RANK 401(k)
  • PHOTO near Volpe and Koenig, P.C. Profit Sharing and 401(k) Plan
  • IND ind #14184

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 Ohio →

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & TrustMajestic Steel USA, Inc. 401…$40MVolpe and Koenig, P.C. Profit Sharing and 401(k) PlanVolpe and Koenig, P.C. Profi…$40MMwd Management, LLC 401(k) Profit Sharing Plan and TrustMwd Management, LLC 401(k) P…$40MAmerican College of Physicians, Inc. Defined Contribution Retirement Plan aAmerican College of Physicia…$40MEurpac Service, Inc. 401(k) Savings PlanEurpac Service, Inc. 401(k) …$40M
End-of-year total assets ($M) among Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$40M
Net Income$7M
Employer EIN341289145
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Majestic Steel USA, Inc.)

Sponsor-wide plan assets over time

All Majestic Steel USA, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$46M 39.98142543502621% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $32.7M $45.8M ▲ +40.0%
Year Plans Participants Total Assets
2022 1 435 $33M
2023 1 443 $40M
2024 1 387 $46M

Nearby 401(k) Plans in Ohio

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

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.039568146 · Participants: 443Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & TrustGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Volpe and Koenig, P.C. Profit Sharing and 401(k) Plan in PA ($40M); by covered participants it is Lifecore Biomedical 401(k) Plan in MN (443 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (443 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 Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust grew sharply - up 21.0% during 2023, from $33M to $40M. Reported net income was $7M.
How have Majestic Steel USA, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Majestic Steel USA, Inc.'s sponsor-wide assets grew 40.0%, from $33M to $46M.
Where does Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust ranks in the 83rd 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 Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Volpe and Koenig, P.C. Profit Sharing and 401(k) Plan in PA ($40M, 86 participants).
Which 401(k) plans cover a similar participant headcount to Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Lifecore Biomedical 401(k) Plan in MN (443 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 341289145.

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.