401(k) · DOL Form 5500 · 2023

Alro Steel Corporation 401(k) Plan

Data updated 2026-08-11

$470M
Total assets: 2,948
Participants: 97th
Percentile by assets: $159,469
Avg per participant

Official DOL plan name: Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan · Sponsored by Alro Steel Corporation · Michigan · Wholesale Trade

$470M in assets, 2,948 participants

Alro Steel Corporation's Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan reported $470M in total assets and 2,948 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 127,072 plans)
#6,201 in Wholesale Trade (6,309 peers)

Coverage in Michigan

Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan covers 2,948 participants in Michigan, 4.6x the typical Michigan plan (state average ~638 per filing). Assets: $470M.

$470M
total plan assets (2023 EOY): 2,948
covered participants: 97th
percentile by assets (of 127,072 plans): $159,469
avg assets per participant

Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan reported net income rose from $953K in the plan year 2022 filing to $60M in the plan year 2023 filing.
Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan end-of-year assets rose from $408M in the plan year 2022 filing to $470M in the plan year 2023 filing.
Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan reported participants rose from 2,885 in the plan year 2022 filing to 2,948 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Wholesale Trade

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan reports 2,948 participants - 4.6x that state average ($470M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$408M
Net Assets (End of Year)	$470M
Net Income	$60M
Employer EIN	381300597
Plan Effective Date	1957-05-31
Filing Status	FILING RECEIVED

Sponsor Plan History (Alro Steel Corporation)

Total plan assets by year, all Alro Steel Corporation plans on file

Year	Plans	Participants	Total Assets
2022	4	6,123	$443M
2023	4	6,204	$506M
2024	4	6,438	$550M

Nearby 401(k) Plans in Michigan

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

Alro Steel Corporation and Subsidiaries Retirement/401(k) 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 Alro Steel Corporation and Subsidiaries … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan by total assets, not by location.

Johnson Matthey Inc. Salaried Employees Savings Investment Plan (PA) $470M · 1,912
The Kleinfelder Group, Inc. 401(k) Plan (CA) $470M · 2,474
Holland & Hart Retirement Savings Plan (CO) $471M · 1,093
Nice Systems, Inc. 401(k) Plan (NJ) $469M · 3,211

Frequently Asked Questions

How did Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan assets move in 2023? ▼

Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan grew sharply - up 15.3% during 2023, from $408M to $470M. Reported net income was $60M.

How have Alro Steel Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Alro Steel Corporation's sponsor-wide assets grew 24.2%, from $443M to $550M.

Where does Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan rank by assets among Form 5500 filers? ▼

Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Johnson Matthey Inc. Salaried Employees Savings Investment Plan in PA ($470M, 1,912 participants).

Next read for Alro Steel Corporation and Subsidiaries …

Filing takeaways

Ways to act on Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan's numbers.

By total assets, Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan ranks in the top 5% 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
Alro Steel Corporation's sponsor-wide assets have grown 24.2% 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 381300597.