401(k) · DOL Form 5500 · 2024

Majestic Steel USA, Inc. 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
387
Participants Below avg headcount
83rd
Percentile by assets National rank
$118,285
Avg per participant Near avg balance/head
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Official DOL plan name: Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust · Sponsored by Majestic Steel USA, Inc. · Ohio · Manufacturing

$46M in assets, 387 participants

Majestic Steel USA, Inc.'s Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust reported $46M in total assets and 387 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #13,531 in Manufacturing (17,777 peers)

Where Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust sits by assets

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust sits in the top quartile of all filed plans by assets, $46M for 387 participants (~$118,285/participant), up 15.7% in 2024.

#13,531
in Manufacturing (17,777 peers)
+15.7%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$45,776,317 Top 17% higher than 83% 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

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust 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. Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (387 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $40M in the plan year 2023 filing to $46M in the plan year 2024 filing.
  • Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust reported participants fell from 443 in the plan year 2023 filing to 387 in the plan year 2024 filing.
  • Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 341289145 · Majestic Steel USA, Inc. PY 2024 · 401(k)

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust · $46M · 387 · 83rd

  • TYPE $46M
  • NET 387
  • BOOK 83rd
  • VS-ST 401(k)
  • BOY near Whirley Industries, Inc. Teammates 401(k) Profit Sharing Plan
  • SCH ind #13531

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 →

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & TrustMajestic Steel USA, Inc. 401…$46MWhirley Industries, Inc. Teammates 401(k) Profit Sharing PlanWhirley Industries, Inc. Tea…$46MNew England Business Trust Section 401(k) PlanNew England Business Trust S…$46MTaw 401(k) and Profit Sharing PlanTaw 401(k) and Profit Sharin…$46MMueser Rutledge Consulting Engineers PLLC 401(k) Retirement Savings PlanMueser Rutledge Consulting E…$46M
End-of-year total assets ($M) among Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$46M
Net Income$6M
Employer EIN341289145
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Majestic Steel USA, Inc.)

Sponsor-wide plan assets over time

All Majestic Steel USA, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$46M 39.98142543502621% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $32.7M $45.8M ▲ +40.0%
Year Plans Participants Total Assets
2022 1 435 $33M
2023 1 443 $40M
2024 1 387 $46M

Nearby 401(k) Plans in Ohio

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

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.045776317 · Participants: 387Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & TrustGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Whirley Industries, Inc. Teammates 401(k) Profit Sharing Plan in PA ($46M); by covered participants it is Mgi Retirement & Savings Plan in PR (387 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (387 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 Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust assets move in 2024? ▼
Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust grew sharply - up 15.7% during 2024, from $40M to $46M. Reported net income was $6M.
How have Majestic Steel USA, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Majestic Steel USA, Inc.'s sponsor-wide assets grew 40.0%, from $33M to $46M.
Where does Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust ranks in the 83rd 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 Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Whirley Industries, Inc. Teammates 401(k) Profit Sharing Plan in PA ($46M, 352 participants).
Which 401(k) plans cover a similar participant headcount to Majestic Steel USA, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Mgi Retirement & Savings Plan in PR (387 participants, $2M 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 341289145.

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.