401(k) · DOL Form 5500 · 2024

Specialty Steel Works Incorporated 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
424
Participants Below avg headcount
75th
Percentile by assets National rank
$60,050
Avg per participant Low balance/head
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Official DOL plan name: Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan · Sponsored by Specialty Steel Works Incorporated · Indiana · Manufacturing

$25M in assets, 424 participants

Specialty Steel Works Incorporated's Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan reported $25M in total assets and 424 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.

  • #11,587 in Manufacturing (17,777 peers)

Where Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan sits by assets

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan sits in the top quartile of all filed plans by assets, $25M for 424 participants (~$60,050/participant), up 13.6% in 2024.

#11,587
in Manufacturing (17,777 peers)
+13.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan's outsized position by total assets

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan vs every filed plan by assets

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

$25,461,179 Top 25% higher than 75% 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

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan sits mid-pack in the medium band (424 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan end-of-year assets rose from $22M in the plan year 2023 filing to $25M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 264430641 · Specialty Steel Works Incorporated PY 2024 · 401(k)

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan · $25M · 424 · 75th

  • NET $25M
  • BOOK 424
  • VS-ST 75th
  • BOY 401(k)
  • SCH near Hometown Food Company 401(k) Plan
  • EBSA ind #11587

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 Indiana →

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan in the asset neighbourhood

Ryerson Combined Retirement PlanRyerson Combined Retirement …$25MSpecialty Steel Works Incorporated Union 401(k) Retirement Savings PlanSpecialty Steel Works Incorp…$25MHometown Food Company 401(k) PlanHometown Food Company 401(k)…$25MTaulia 401(k) Plan & Trust$25MVerbit Group Retirement Savings PlanVerbit Group Retirement Savi…$25M
End-of-year total assets ($M) among Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$25M
Net Income$3M
Employer EIN264430641
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Specialty Steel Works Incorporated)

Sponsor-wide plan assets over time

All Specialty Steel Works Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$76M 28.21416815424313% vs 2022
2024 filing year
$50M$60M$70M$80M 202220232024 $59.6M $76.4M ▲ +28.2%
Year Plans Participants Total Assets
2022 2 646 $60M
2023 2 649 $69M
2024 2 638 $76M

Nearby 401(k) Plans in Indiana

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

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan, Total assets ($B): 0.025461179 · Participants: 424Specialty Steel Works Incorporated Union 401(k) Retirement Savings PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.996436059 · Participants: 9385Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan side-by-side with 3 peers →

Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Hometown Food Company 401(k) Plan in IL ($25M); by covered participants it is Verbal Beginnings LLC 401(k) Plan in MD (424 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($25M here).

Similar participant headcount

Nearest other-state filings by covered participants (424 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 Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan assets move in 2024? ▼
Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan grew at a solid clip - up 13.6% during 2024, from $22M to $25M. Reported net income was $3M.
How have Specialty Steel Works Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Specialty Steel Works Incorporated's sponsor-wide assets grew 28.2%, from $60M to $76M.
Where does Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan ranks in the 75th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hometown Food Company 401(k) Plan in IL ($25M, 371 participants).
Which 401(k) plans cover a similar participant headcount to Specialty Steel Works Incorporated Union 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Verbal Beginnings LLC 401(k) Plan in MD (424 participants, $4M 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 264430641.

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.