Money Purchase · DOL Form 5500 · 2024
Alro Steel Corporation Money Purchase Plan
Data updated 2026-08-11
- $23M
- Total assets
- 3,087
- Participants
- 73rd
- Percentile by assets
- $7,512
- Avg per participant
Official DOL plan name: Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) · Sponsored by Alro Steel Corporation · Michigan · Wholesale Trade
$23M in assets, 3,087 participants
Alro Steel Corporation's Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) reported $23M in total assets and 3,087 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.
- 73rd percentile by assets (of 123,622 plans)
- #4,260 in Wholesale Trade (6,080 peers)
Coverage in Michigan
Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) covers 3,087 participants in Michigan, 4.8x the typical Michigan plan (state average ~638 per filing). Assets: $23M.
- $23M
- total plan assets (2024 EOY)
- 3,087
- covered participants
- 73rd
- percentile by assets (of 123,622 plans)
- $7,512
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) reported net income fell from $1M in the plan year 2023 filing to $728K in the plan year 2024 filing.
- Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) reported participants rose from 2,948 in the plan year 2023 filing to 3,087 in the plan year 2024 filing.
- Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) end-of-year assets rose from $22M in the plan year 2023 filing to $23M in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) reports 3,087 participants - 4.8x that state average ($23M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $22M |
|---|---|
| Net Assets (End of Year) | $23M |
| Net Income | $728K |
| Employer EIN | 381300597 |
| Plan Effective Date | 1995-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Alro Steel Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 6,123 | $443M |
| 2023 | 4 | 6,204 | $506M |
| 2024 | 4 | 6,438 | $550M |
Nearby Money Purchase Plans in Michigan
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) vs. nearby Money Purchase plans in Michigan, assets vs. participants
- Central Midwest Regional Council of Carpenters Defined Contribution Pension Plan $1.6B · 35,197
- Michigan Regional Council of Carpenters' Annuity Fund $531M · 17,855
- P & M Holding Group, LLP & Affiliated Entities Pension Plan $250M · 1,182
- Operating Engineers' Local 324, Defined Contribution Pension Plan $248M · 7,667
- Michigan Laborers' Annuity Fund $129M · 4,355
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) by total assets, not by location.
- Plumbers & Steamfitters Local 577 Annuity Plan (KY) $23M · 338
- Ceramic Tile & Marble Masons Union No 18 of Missouri Pension Plan (MO) $23M · 190
- Goodwill Industries of Northwest North Carolina, Inc. Money Purchase Plan (NC) $23M · 663
- The National Mutual Insurance Company Money Purchase Pension Plan (OH) $23M · 171
Frequently Asked Questions
How did Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) assets move in 2024? ▼
How have Alro Steel Corporation plan assets changed over time? ▼
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Next read for Alro Steel Corporation and Subsidiaries …
Filing takeaways
Ways to act on Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion)'s numbers.
- By total assets, Alro Steel Corporation and Subsidiaries Retirement/401(k) Plan (Money Purchase Portion) ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Michigan. Compare plans
- Alro Steel Corporation's sponsor-wide assets have grown 24.2% since 2022 across 3 plan years on file. More Wholesale Trade plans