Money Purchase · DOL Form 5500 · 2023

Alro Steel Corporation Money Purchase Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
79
Participants Small participant base
33rd
Percentile by assets National rank
$30,249
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Alro Steel Corporation Union Employees' Money Purchase Pension Plan · Sponsored by Alro Steel Corporation · Michigan · Wholesale Trade

$2M in assets, 79 participants

Alro Steel Corporation's Alro Steel Corporation Union Employees' Money Purchase Pension Plan reported $2M in total assets and 79 participants in its 2023 DOL Form 5500 filing, ranking in the 33rd 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.

  • #1,368 in Wholesale Trade (6,309 peers)

Alro Steel Corporation multi-year trail

Alro Steel Corporation's plans moved +24.2% in assets from 2022 to 2024; this filing shows Alro Steel Corporation Union Employees' Money Purchase Pension Plan at $2M / 79 participants.

#1,368
in Wholesale Trade (6,309 peers)
-10.9%
assets change YoY

The plan reported a net loss of $85K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Alro Steel Corporation Union Employees' Money Purchase Pension Plan among the smaller filed plans by assets

Alro Steel Corporation Union Employees' Money Purchase Pension Plan vs every filed plan by assets

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

$2,389,641 33rd percentile higher than 33% 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

Alro Steel Corporation Union Employees' Money Purchase Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Alro Steel Corporation Union Employees' Money Purchase Pension Plan is a small filing (79 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Alro Steel Corporation Union Employees' Money Purchase Pension Plan reported net income fell from $143K in the plan year 2022 filing to -$85K in the plan year 2023 filing.
  • Alro Steel Corporation Union Employees' Money Purchase Pension Plan reported participants fell from 94 in the plan year 2022 filing to 79 in the plan year 2023 filing.
  • Alro Steel Corporation Union Employees' Money Purchase Pension Plan end-of-year assets fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 381300597 · Alro Steel Corporation PY 2023 · Money Purchase

Alro Steel Corporation Union Employees' Money Purchase Pension Plan · $2M · 79 · 33rd

  • RANK $2M
  • RANK 79
  • RANK 33rd
  • RANK Money Purchase
  • RANK near Organization Management Group, Inc. Money Purchase Pension
  • RANK ind #1368

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 Wholesale Trade retirement plans → · Plans in Michigan →

Alro Steel Corporation Union Employees' Money Purchase Pension Plan in the asset neighbourhood

Sam Berman and Sons Retirement TrustSam Berman and Sons Retireme…$2MKallman Associates Profit Sharing Retirement PlanKallman Associates Profit Sh…$2MAlro Steel Corporation Union Employees' Money Purchase Pension PlanAlro Steel Corporation Union…$2MOrganization Management Group, Inc. Money Purchase PensionOrganization Management Grou…$2MHolsum Bakery Bakers and Sanitors' Pension PlanHolsum Bakery Bakers and San…$2M
End-of-year total assets ($M) among Alro Steel Corporation Union Employees' Money Purchase Pension Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Alro Steel Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Alro Steel Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$550M 24.193641584436318% vs 2022
2024 filing year
$400M$450M$500M$550M$600M 202220232024 $443M $550M ▲ +24.2%
Year Plans Participants Total Assets
2022 4 6,123 $443M
2023 4 6,204 $506M
2024 4 6,438 $550M

Alro Steel Corporation filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$85K
Employer EIN381300597
Plan Effective Date1983-10-16
Filing StatusFILING RECEIVED

Nearby Money Purchase Plans in Michigan

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Alro Steel Corporation Union Employees' Money Purchase Pension Plan vs. nearby Money Purchase plans in Michigan, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.5 Total assets ($B) Participants Alro Steel Corporation Union Employees' Money Purchase Pension Plan, Total assets ($B): 0.002389641 · Participants: 79Alro Steel Corporation Union Employees' Money Purchase Pension PlanCentral Midwest Regional Council of Carpenters Defined Contribution Pension Plan, Total assets ($B): 1.421429732 · Participants: 31968Central Midwest Regional Council of Carpenters Defined Contribution Pension PlanMichigan Regional Council of Carpenters' Annuity Fund, Total assets ($B): 0.50045968 · Participants: 17454Michigan Regional Council of Carpenters' Annuity FundMillwrights' Local 1102 Supplemental Pension Fund, Total assets ($B): 0.305771293 · Participants: 2267Millwrights' Local 1102 Supplemental Pension FundOperating Engineers' Local 324, Defined Contribution Pension Plan, Total assets ($B): 0.236635964 · Participants: 7464Operating Engineers' Local 324, Defined Contribution Pension PlanP & M Holding Group, LLP & Affiliated Entities Pension Plan, Total assets ($B): 0.226480347 · Participants: 1081P & M Holding Group, LLP & Affiliated Entities Pension Plan
Alro Steel Corporation Union Employees' Money Purchase Pension Plan vs. nearby Money Purchase plans in Michigan, assets vs. participants
Compare Alro Steel Corporation Union Employees' Money Purchase Pension Plan side-by-side with 3 peers →

Alro Steel Corporation Union Employees' Money Purchase Pension Plan's out-of-state Money Purchase peers by assets and headcount

Outside Michigan, the nearest Money Purchase by assets is Organization Management Group, Inc. Money Purchase Pension in VA ($2M); by covered participants it is American Radio Association Individual Account Plan in CA (80 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (79 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 Alro Steel Corporation Union Employees' Money Purchase Pension Plan assets move in 2023? ▼
Alro Steel Corporation Union Employees' Money Purchase Pension Plan pulled back noticeably - down 10.9% during 2023, from $3M to $2M. Reported net income was -$85K.
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.
Which Money Purchase plans are similar in size to Alro Steel Corporation Union Employees' Money Purchase Pension Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Organization Management Group, Inc. Money Purchase Pension in VA ($2M, 29 participants).
Which Money Purchase plans cover a similar participant headcount to Alro Steel Corporation Union Employees' Money Purchase Pension Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is American Radio Association Individual Account Plan in CA (80 participants, $6M 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 381300597.

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.