401(k) · DOL Form 5500 · 2023

Steelfab, Inc. 401(k) Plan

Data updated 2026-08-25

$84M
Total assets Below avg plan size
1,673
Participants Near avg headcount
90th
Percentile by assets National rank
$50,157
Avg per participant Low balance/head
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Official DOL plan name: Steelfab, Inc. Profit Sharing and 401(k) Plan · Sponsored by Steelfab, Inc. · North Carolina · Manufacturing

$84M in assets, 1,673 participants

Steelfab, Inc.'s Steelfab, Inc. Profit Sharing and 401(k) Plan reported $84M in total assets and 1,673 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,944 in Manufacturing (18,722 peers)

Coverage in North Carolina

Steelfab, Inc. Profit Sharing and 401(k) Plan covers 1,673 participants in North Carolina, 2.0x the typical North Carolina plan (state average ~819 per filing). Assets: $84M.

#15,944
in Manufacturing (18,722 peers)
+31.6%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Steelfab, Inc. Profit Sharing and 401(k) Plan's outsized position by total assets

Steelfab, Inc. Profit Sharing and 401(k) Plan vs every filed plan by assets

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

$83,912,339 Top 10% higher than 90% 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

Steelfab, Inc. Profit Sharing and 401(k) 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. Steelfab, Inc. Profit Sharing and 401(k) Plan lands in the large band (1,673 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Steelfab, Inc. Profit Sharing and 401(k) Plan reported net income rose from -$7M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Steelfab, Inc. Profit Sharing and 401(k) Plan end-of-year assets rose from $64M in the plan year 2022 filing to $84M in the plan year 2023 filing.
  • Steelfab, Inc. Profit Sharing and 401(k) Plan reported participants rose from 1,624 in the plan year 2022 filing to 1,673 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 560713333 · Steelfab, Inc. PY 2023 · 401(k)

Steelfab, Inc. Profit Sharing and 401(k) Plan · $84M · 1,673 · 90th

  • PCT $84M
  • PCT 1,673
  • PCT 90th
  • PCT 401(k)
  • PCT near Klx Energy Services 401(k) Plan
  • PCT ind #15944

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 North Carolina →

Steelfab, Inc. Profit Sharing and 401(k) Plan in the asset neighbourhood

Klx Energy Services 401(k) PlanKlx Energy Services 401(k) P…$84MKlx Energy Services 401(k) PlanKlx Energy Services 401(k) P…$84MSteelfab, Inc. Profit Sharing and 401(k) PlanSteelfab, Inc. Profit Sharin…$84MHealthcare Partners Investments, LLC 401(k) Profit Sharing PlanHealthcare Partners Investme…$84MLmi Aerospace, Inc. Profit Sharing and Savings Plan and TrustLmi Aerospace, Inc. Profit S…$84M
End-of-year total assets ($M) among Steelfab, Inc. Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$84M
Net Income$20M
Employer EIN560713333
Plan Effective Date1980-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Steelfab, Inc.)

Sponsor-wide plan assets over time

All Steelfab, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$102M 60.600504399806454% vs 2022
2024 filing year
$40M$60M$80M$100M$120M 202220232024 $63.8M $102M ▲ +60.6%
Year Plans Participants Total Assets
2022 1 1,624 $64M
2023 1 1,673 $84M
2024 1 1,856 $102M

Nearby 401(k) Plans in North Carolina

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

Steelfab, Inc. Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Steelfab, Inc. Profit Sharing and 401(k) Plan, Total assets ($B): 0.083912339 · Participants: 1673Steelfab, Inc. Profit Sharing and 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Steelfab, Inc. Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Steelfab, Inc. Profit Sharing and 401(k) Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest 401(k) by assets is Klx Energy Services 401(k) Plan in TX ($84M); by covered participants it is Koons Automotive Group Retirement Savings Plan in VA (1,673 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,673 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 Steelfab, Inc. Profit Sharing and 401(k) Plan assets move in 2023? ▼
Steelfab, Inc. Profit Sharing and 401(k) Plan surged - up 31.6% during 2023, from $64M to $84M. Reported net income was $20M.
How have Steelfab, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Steelfab, Inc.'s sponsor-wide assets grew 60.6%, from $64M to $102M.
Where does Steelfab, Inc. Profit Sharing and 401(k) Plan rank by assets among Form 5500 filers? ▼
Steelfab, Inc. Profit Sharing and 401(k) Plan ranks in the 90th 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 Steelfab, Inc. Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Klx Energy Services 401(k) Plan in TX ($84M, 1,750 participants).
Which 401(k) plans cover a similar participant headcount to Steelfab, Inc. Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Koons Automotive Group Retirement Savings Plan in VA (1,673 participants, $143M 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 560713333.

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.