Profit Sharing · DOL Form 5500 · 2024

Worthington Steel, Inc. Profit Sharing Plan

Data updated 2026-08-25

$523M
Total assets Above avg plan size
2,500
Participants Above avg headcount
97th
Percentile by assets National rank
$209,319
Avg per participant Above avg balance/head
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Official DOL plan name: Worthington Steel, Inc. 401(k) Retirement Savings Plan · Sponsored by Worthington Steel, Inc. · Ohio · Manufacturing

$523M in assets, 2,500 participants

Worthington Steel, Inc.'s Worthington Steel, Inc. 401(k) Retirement Savings Plan reported $523M in total assets and 2,500 participants in its 2024 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.

  • #17,017 in Manufacturing (17,777 peers)

Coverage in Ohio

Worthington Steel, Inc. 401(k) Retirement Savings Plan covers 2,500 participants in Ohio, 3.3x the typical Ohio plan (state average ~765 per filing). Assets: $523M.

#17,017
in Manufacturing (17,777 peers)
+15807.7%
assets growth YoY
5.3×
vs typical plan assets (national mean)

Worthington Steel, Inc. 401(k) Retirement Savings Plan's outsized position by total assets

Worthington Steel, Inc. 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$523,297,754 Top 3% higher than 97% of 123,620 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 2024

Worthington Steel, Inc. 401(k) Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Worthington Steel, Inc. 401(k) Retirement Savings Plan lands in the large band (2,500 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Worthington Steel, Inc. 401(k) Retirement Savings Plan end-of-year assets rose from $3M in the plan year 2023 filing to $523M in the plan year 2024 filing.
  • Worthington Steel, Inc. 401(k) Retirement Savings Plan reported net income rose from $3M in the plan year 2023 filing to $50M in the plan year 2024 filing.
  • Worthington Steel, Inc. 401(k) Retirement Savings Plan reported participants rose from 2,488 in the plan year 2023 filing to 2,500 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 922632000 · Worthington Steel, Inc. PY 2024 · Profit Sharing

Worthington Steel, Inc. 401(k) Retirement Savings Plan · $523M · 2,500 · 97th

  • EBSA $523M
  • PART 2,500
  • TYPE 97th
  • NET Profit Sharing
  • BOOK near Kpmg Partner Retirement Savings Plan
  • VS-ST ind #17017

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 →

Worthington Steel, Inc. 401(k) Retirement Savings Plan in the asset neighbourhood

Kpmg Partner Retirement Savings PlanKpmg Partner Retirement Savi…$524MWorthington Steel, Inc. 401(k) Retirement Savings PlanWorthington Steel, Inc. 401(…$523MSteamfitters Local 602 Retirement Savings Plan Savings PlanSteamfitters Local 602 Retir…$522MJefferson University Physicians Retirement PlanJefferson University Physici…$521MThe Savings Plan for Lilly Affiliate Employees in Puerto RicoThe Savings Plan for Lilly A…$519M
End-of-year total assets ($M) among Worthington Steel, Inc. 401(k) Retirement Savings Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$523M
Net Income$50M
Employer EIN922632000
Plan Effective Date2023-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Worthington Steel, Inc.)

Sponsor-wide plan assets over time

All Worthington Steel, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$523M 15807.732747726837% vs 2023
2024 filing year
$0M$200M$400M$600M 20232024 $3.29M $523M ▲ +15805.8%
Year Plans Participants Total Assets
2023 1 2,488 $3M
2024 1 2,500 $523M

Nearby Profit Sharing Plans in Ohio

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Worthington Steel, Inc. 401(k) Retirement Savings Plan vs. nearby Profit Sharing plans in Ohio, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 00.511.52 Total assets ($B) Participants Worthington Steel, Inc. 401(k) Retirement Savings Plan, Total assets ($B): 0.523297754 · Participants: 2500Worthington Steel, Inc. 401(k) Retirement Savings PlanCleveland Clinic Investment Pension Plan, Total assets ($B): 1.771113936 · Participants: 51751Cleveland Clinic Investment Pension PlanMasterbrand, Inc. Retirement Savings Plan, Total assets ($B): 0.544315052 · Participants: 6062Masterbrand, Inc. Retirement Savings PlanThe Employer Retirement Savings Plan - Premier Health Partners, Total assets ($B): 0.24382437 · Participants: 12736The Employer Retirement Savings Plan - Premier Health PartnersThree Rivers Annuity Fund, Total assets ($B): 0.21367125 · Participants: 960Three Rivers Annuity FundHolzer Health System 401a Profit Sharing Plan, Total assets ($B): 0.183281001 · Participants: 2110Holzer Health System 401a Profit Sharing Plan
Worthington Steel, Inc. 401(k) Retirement Savings Plan vs. nearby Profit Sharing plans in Ohio, assets vs. participants

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

Outside Ohio, the nearest Profit Sharing by assets is Kpmg Partner Retirement Savings Plan in NJ ($524M); by covered participants it is Special Service for Groups, Inc. 403(b) Plan in CA (2,487 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,500 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Worthington Steel, Inc. 401(k) Retirement Savings Plan assets move in 2024?
Worthington Steel, Inc. 401(k) Retirement Savings Plan surged - up 15807.7% during 2024, from $3M to $523M. Reported net income was $50M.
How have Worthington Steel, Inc. plan assets changed over time?
Across 2 plan years on file (2023-2024), Worthington Steel, Inc.'s sponsor-wide assets grew 15807.7%, from $3M to $523M.
Where does Worthington Steel, Inc. 401(k) Retirement Savings Plan rank by assets among Form 5500 filers?
Worthington Steel, Inc. 401(k) Retirement Savings Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Worthington Steel, Inc. 401(k) Retirement Savings Plan?
Among Profit Sharing plans in other states, the closest by assets is Kpmg Partner Retirement Savings Plan in NJ ($524M, 1,704 participants).
Which Profit Sharing plans cover a similar participant headcount to Worthington Steel, Inc. 401(k) Retirement Savings Plan?
Among Profit Sharing plans in other states, the closest by covered participants is Special Service for Groups, Inc. 403(b) Plan in CA (2,487 participants, $75M in assets).