401(k) · DOL Form 5500 · 2024

Steelfab, Inc. 401(k) Plan

Data updated 2026-08-25

$102M
Total assets Near avg plan size
1,856
Participants Near avg headcount
91st
Percentile by assets National rank
$55,172
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

$102M in assets, 1,856 participants

Steelfab, Inc.'s Steelfab, Inc. Profit Sharing and 401(k) Plan reported $102M in total assets and 1,856 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #15,305 in Manufacturing (17,777 peers)

Coverage in North Carolina

Steelfab, Inc. Profit Sharing and 401(k) Plan covers 1,856 participants in North Carolina, 2.3x the typical North Carolina plan (state average ~819 per filing). Assets: $102M.

#15,305
in Manufacturing (17,777 peers)
+22.0%
assets growth YoY
1.0×
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 2024 · DOL Form 5500

$102,399,736 Top 9% higher than 91% 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

Steelfab, Inc. Profit Sharing and 401(k) 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. Steelfab, Inc. Profit Sharing and 401(k) Plan lands in the large band (1,856 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Steelfab, Inc. Profit Sharing and 401(k) Plan end-of-year assets rose from $84M in the plan year 2023 filing to $102M in the plan year 2024 filing.
  • Steelfab, Inc. Profit Sharing and 401(k) Plan reported participants rose from 1,673 in the plan year 2023 filing to 1,856 in the plan year 2024 filing.
  • Steelfab, Inc. Profit Sharing and 401(k) Plan reported net income fell from $20M in the plan year 2023 filing to $18M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 560713333 · Steelfab, Inc. PY 2024 · 401(k)

Steelfab, Inc. Profit Sharing and 401(k) Plan · $102M · 1,856 · 91st

  • VS-ST $102M
  • VS-ST 1,856
  • VS-ST 91st
  • VS-ST 401(k)
  • VS-ST near Aeg Vision 401(k) Plan
  • VS-ST ind #15305

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

Polar Beverages Retirement PlanPolar Beverages Retirement P…$102MKeystone-Bartonville 401(k) Retirement PlanKeystone-Bartonville 401(k) …$102MU.a. Locals No. 375 and 367 Supplemental TrustU.a. Locals No. 375 and 367 …$102MSteelfab, Inc. Profit Sharing and 401(k) PlanSteelfab, Inc. Profit Sharin…$102MAeg Vision 401(k) Plan$102M
End-of-year total assets ($M) among Steelfab, Inc. Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$84M
Net Assets (End of Year)$102M
Net Income$18M
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 -20020406080 Total assets ($B) Participants Steelfab, Inc. Profit Sharing and 401(k) Plan, Total assets ($B): 0.102399736 · Participants: 1856Steelfab, Inc. Profit Sharing and 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 Aeg Vision 401(k) Plan in TX ($102M); by covered participants it is 401(k) Plan of Care Plus Bergen for Union Employees in NJ (1,856 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($102M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,856 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 Steelfab, Inc. Profit Sharing and 401(k) Plan assets move in 2024? ▼
Steelfab, Inc. Profit Sharing and 401(k) Plan grew sharply - up 22.0% during 2024, from $84M to $102M. Reported net income was $18M.
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 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Aeg Vision 401(k) Plan in TX ($102M, 3,858 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 401(k) Plan of Care Plus Bergen for Union Employees in NJ (1,856 participants, $78M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.