401(k) · DOL Form 5500 · 2022
Schwans Shared Services, LLC 401(k) Plan
Data updated 2026-08-25
- $489M
- Total assets Above avg plan size
- 6,537
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $74,877
- Avg per participant Below avg balance/head
Official DOL plan name: Schwan's Company Retirement Savings Plan · Sponsored by Schwans Shared Services, LLC · Minnesota · Manufacturing
$489M in assets, 6,537 participants
Schwans Shared Services, LLC's Schwan's Company Retirement Savings Plan reported $489M in total assets and 6,537 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- #19,855 in Manufacturing (20,602 peers)
Coverage in Minnesota
Schwan's Company Retirement Savings Plan covers 6,537 participants in Minnesota, 5.8x the typical Minnesota plan (state average ~1,126 per filing). Assets: $489M.
- #19,855
- in Manufacturing (20,602 peers)
- -19.4%
- assets change YoY
- 4.9×
- vs typical plan assets (national mean)
The plan reported a net loss of $118M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Schwan's Company Retirement Savings Plan's outsized position by total assets
Schwan's Company Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$489,471,851 Top 2% higher than 98% 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
Schwan's Company Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schwan's Company Retirement Savings Plan lands in the large band (6,537 participants).
Published 5500 schedule card
Filing strip 810572771 · Schwans Shared Services, LLC PY 2022 · 401(k)
Schwan's Company Retirement Savings Plan · $489M · 6,537 · 98th
- 5500 $489M
- 5500 6,537
- 5500 98th
- 5500 401(k)
- 5500 near C&s and Affiliates 401(k) Savings Plan (a)
- 5500 ind #19855
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →
Schwan's Company Retirement Savings Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $608M |
|---|---|
| Net Assets (End of Year) | $489M |
| Net Income | -$118M |
| Employer EIN | 810572771 |
| Plan Effective Date | 1964-09-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Schwans Shared Services, LLC)
Sponsor-wide plan assets over time
All Schwans Shared Services, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $632M 29.186943173163186% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,537 | $489M |
| 2023 | 1 | 5,753 | $571M |
| 2024 | 1 | 8,706 | $632M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Scale composition for Schwan's Company Retirement Savings Plan
Schwan's Company Retirement Savings Plan reports $489M in end-of-year assets across 6,537 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $74,877 per participant (54% of the national average assets-per-participant) . Net income for plan year 2022 was -$118M.
This plan identity (EIN 810572771, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $489M to $632M (+29.2%) while covered participants moved from 6,537 to 8,706 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,537 | $489M | This page |
| 2023 | 5,753 | $571M | Open filing |
| 2024 · index core | 8,706 | $632M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Schwan's Company Retirement Savings Plan (401(k), $632M, 8,706 participants)
Schwan's Company Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is C&s and Affiliates 401(k) Savings Plan (a) in NH ($489M); by covered participants it is Franchise Group, Inc. 401(k) Plan in OH (6,535 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($489M here).
- C&s and Affiliates 401(k) Savings Plan (a) (NH) $489M · 11,834
- Bj's Wholesale Club, Inc. 401(k) Savings Plan for Salaried Employees (MA) $489M · 3,295
- Freudenberg Companies 401(k) Retirement Plan (MI) $489M · 6,103
- Loomis, Sayles & Company, L.P. Employees' Profit Sharing Retirement Plan (MA) $490M · 758
Similar participant headcount
Nearest other-state filings by covered participants (6,537 participants); asset peers above are excluded.
- Franchise Group, Inc. 401(k) Plan (OH) 6,535 · 2 off
- Savs Pl for Emps of Amer Wtr Wks Co Inc & Its Desig Subs (NJ) 6,541 · 4 off
- The University of Phoenix, Inc. Savings and Investment Plan (AZ) 6,531 · 6 off
- Restaurant Growth Services, LLC 401(k) Plan (TN) 6,544 · 7 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.