WORTHINGTON INDUSTRIES, INC. DEFERRED PROFIT SHARING PLAN · COLUMBUS, OH · plan year 2023
Employer contribution per participant · 2023
$4,165
Worthington Enterprises, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $864,594,499 across 7,779 participant accounts, with employer contributions averaging $4,165 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 3 years on file its reported administrative ratio fell from 0.08% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other manufacturing employers. By assets it is the 68th-largest of 3,295 plans among Ohio employers on file, and the 375th of 13,661 in manufacturing. In 2023, employees put in $1.66 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$864,594,499
Participants with balances7,779
Active participants5,126
Employer contributions$21,349,872
Employee contributions$35,423,094
Employer contribution per active participant$4,165
The Worthington Enterprises, Inc. 401(k) match · 2023
Employer contribution per active participant$4,165
Median for plans this size$4,362
2025$4,616 per active participant
2024$4,539 per active participant
2023$4,165 per active participant
2022$4,010 per active participant
Worthington Enterprises, Inc.'s 2023 employer contribution ran below the $4,362 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Service providers · 20232
MORGAN STANLEY · Investment advisory (plan)$82,500
MEADEN & MOORE · Accounting / audit$18,500
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Administrative cost history4
2025$85,917 · 0.02%
2024Not separately reported
2023Not separately reported
2022$589,432 · 0.08%
All plans at this employer2
WORTHINGTON IND, INC. RSP FOR COLLECTIVELY BARGAINED EMPLOYEES401(k)
WORTHINGTON INDUSTRIES, INC. DEFERRED PROFIT SHARING PLAN401(k) + ESOP (KSOP)
Source: U.S. Department of Labor, Form 5500 series, EIN 311189815 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.