Worthington Steel, Inc. Profit Sharing Plan

Profit Sharing · DOL Form 5500 · 2024

What the Filing Says About Worthington Steel, Inc. 401(k) Retirement Savings Plan

Worthington Steel, Inc. 401(k) Retirement Savings Plan is a Profit Sharing retirement plan sponsored by Worthington Steel, Inc., headquartered in Ohio. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $523M in total end-of-year assets and covers 2,500 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 922632000, and the plan has been effective since 2023-12-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets surged from $3M at the beginning of 2024 to $523M at year-end - up 15807.7%. Net assets (after liabilities) closed the year at $523M, with reported net income of $50M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Across the 2 plan years Worthington Steel, Inc. has on file with PlainRetire (2023-2024), sponsor-wide plan assets have moved from $3M to $523M, a gain of 15807.7%, while reported participants moved from 2,488 to 2,500 (+0.5%). Year-by-year, sponsor-wide filings show: 2023 - $3M in assets across 1 plan covering 2,488 participants; 2024 - $523M in assets across 1 plan covering 2,500 participants.

By assets, Worthington Steel, Inc. 401(k) Retirement Savings Plan outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.2x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Worthington Steel, Inc. 401(k) Retirement Savings Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.