Yes, there is a fair amount of padding underneath that steel too, and the heat and weight of the armor etc. The bullet is hitting so fast that it often penetrates without doing it's full damage, which is why the larger slower rounds do more impact than a fast smaller caliber round, even though the energy is higher on the faster round, the time of contact has a lot to do with the shock cone of damage that will radiate from the impact.
One of the ideas with European armor and fighting was to crush the armor to the point it could not move limbs, and thus incapacitate the warrior. This is how some were captured rather than killed. But maces were nice since if you just crushed the armor around the enemy's shoulder or break their neck with a good smack to the helm. The Spanish Badelier of the 15th century was a large, almost cutlass looking blade, but it was heavy, two-handed and made to Crush armor, even though it looked like a nice slicer, it was a heavy 'war bar' with an edge.
The major purpose of armor is not to stop all attacks, but to deflect the majority, and keep the weight low enough to give the mobility to stay out of the way of the direct hits. Economic status always had a lot to do with what the family could afford to put their warrior into as well. There are so many facets to this that perhaps I should start writing up an insights article as I have been teaching this sort of stuff, hands on or online, for 30+ years now. I have taught people how to hammer out armor, make tools, make knives, swords and axes (all of which are differing physics and balance/tuning to be 'Real') I taught myself how to make mokume gana and worked with white-smithing (gold, silver etc) and gem setting.
Also built a Great Helm for a gent, but it was Too Great a helm for him to actually wear and use, even though I had built it to the man's direct size and dimensions demanded and of the 12 ga steel he wanted (which the other armorers looked at me with wonder at hammering a full helm out of 1/8 in steel) but it was too much, would pull him off his feet, even though it gave him all the protection he could want, he could not Move with it. So, I took it as a learning experience (after a little bit of explanation that we are building safety equipment for a full contact sport, so us armor's have to know better than the fighters what they really need.
That was at a very dry event, no open fires allowed. and that night it poured rain, got cold etc, and nobody had prepared for that since it was high summer and bad fire season. Well, I got under my big canvas Norse A-Frame stype pavillion, and looked at fire pit, and helmet, fire pit, helmet...took a piece of 18 ga and bent corners to form a lid, and then used the huge pinecones and small branches all over, very dry, and cleared proper circle, put the huge helm upside down in the firepit and started a nice blaze, covered it with the 18 ga so it was not an open flame, open grillwork on the face, and the edges of the top, but it was a safe-contained fire (I was Navy Firefighter and so am super cautious about such) But ever since then I have kept the Helm Fires Burning!
That is on top of a 55 gal drum, for scale. 1/4 in bar for horizontals. I did later cut slots in the sides for even venting, but before that I took a battle-stype pick to the sides of it, to see the damage for myself. Part of why I KNOW this stuff is because I DID it, this helm is from over 30 years ago, but close to that age.
The lower is the Spanish Badelier, nasty piece of work, that. And above that was a 10 day run of work for me and an apprentice, Elena, who was learning the machining and setup side of the business, I was teaching her how to build swords right along with me and was doing well, and then my health came apart rapidly.
Edit: All of the work was done to tool quality unless otherwise asked, such as some props for conventions etc, or specific fencing type of gear. All fully hardened and tempered, heavy tang construction with permanent construction. No pommel screwing off, etc. But being disabled, the best I can do is to teach others about it and to help folks understand some of the realities behind it all.