401(k) · DOL Form 5500 · 2022
Microchip Technology Incorporated 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 6,310
- Participants
- 99th
- Percentile by assets
- $178,412
- Avg per participant
Official DOL plan name: Microchip Technology Incorporated Savings Plan · Sponsored by Microchip Technology Incorporated · Arizona · Manufacturing
$1.1B in assets, 6,310 participants
Microchip Technology Incorporated's Microchip Technology Incorporated Savings Plan reported $1.1B in total assets and 6,310 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #20,236 in Manufacturing (20,602 peers)
Coverage in Arizona
Microchip Technology Incorporated Savings Plan covers 6,310 participants in Arizona, 11x the typical Arizona plan (state average ~564 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2022 EOY)
- 6,310
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $178,412
- avg assets per participant
The plan reported a net loss of $232M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Microchip Technology Incorporated Savings Plan sits by total assets
Microchip Technology Incorporated Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,125,778,607 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Participants vs Arizona filers
In Arizona, the average filing covers about 564 participants across 2,304 plans. Microchip Technology Incorporated Savings Plan reports 6,310 participants - 11x that state average ($1.1B EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | -$232M |
| Employer EIN | 860629024 |
| Plan Effective Date | 1989-03-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Microchip Technology Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,310 | $1.1B |
| 2023 | 1 | 6,751 | $1.4B |
| 2024 | 1 | 7,051 | $1.6B |
Nearby 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Microchip Technology Incorporated Savings Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
- Banner Health Employees 401(k) Plan $3.6B · 50,602
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $1.9B · 12,362
- Republic Services, Inc. 401(k) Plan $1.8B · 28,320
- Stantec 401(k) Plan $1.7B · 8,764
- Reliance Steel & Aluminum Co. Master 401(k) Plan $1.3B · 9,895
Scale composition for Microchip Technology Incorporated Savings Plan
Microchip Technology Incorporated Savings Plan reports $1.1B in end-of-year assets across 6,310 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $178,412 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2022 was -$232M.
This plan identity (EIN 860629024, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.6B (+43.0%) while covered participants moved from 6,310 to 7,051 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,310 | $1.1B | This page |
| 2023 | 6,751 | $1.4B | Open filing |
| 2024 · index core | 7,051 | $1.6B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Microchip Technology Incorporated Savings Plan (401(k), $1.6B, 7,051 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Microchip Technology Incorporated Savings Plan by total assets, not by location.
- Medline Industries, LP Retirement Plan (IL) $1.1B · 17,377
- Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program (IN) $1.1B · 8,427
- Smith & Nephew U.S. Savings Plan (TN) $1.1B · 6,924
- J.B. Hunt Transport Services, Inc. Employee Retirement Plan (AR) $1.1B · 34,174
Frequently Asked Questions
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Filing takeaways
Ways to act on Microchip Technology Incorporated Savings Plan's numbers.
- By total assets, Microchip Technology Incorporated Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Arizona. Compare plans
- Microchip Technology Incorporated's sponsor-wide assets have grown 43.0% since 2022 across 3 plan years on file. More Manufacturing plans