Abstract: A step ladder having a pair of rear legs, a pair of front legs, a plurality of cross pieces connecting the two front legs at different levels and a plurality of steps which are fixedly attached to the rear legs at different levels. The plurality of steps includes a top step which in addition to being fixedly attached to the pair of rear legs is pivotally attached to the pair of front legs. The top step comprises a plate of plastic, the plate having a top surface and a bottom surface. A magnetic member for magnetically holding ferrous objects which may be placed on the top surface of the top step is permanently fixed to the plastic plate. The magnetic member may either comprise a bar magnet or a panel of magnetic sheeting or magnetic particles. The magnetic member may either be fixedly attached to the bottom surface of the top step, fixedly attached to the top surface of the top step or imbedded into the top step itself.