401(k) · DOL Form 5500 · 2022
Schwans Shared Services, LLC 401(k) Plan
Data updated 2026-08-11
- $489M
- Total assets
- 6,537
- Participants
- 98th
- Percentile by assets
- $74,877
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $489M
- total plan assets (2022 EOY)
- 6,537
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $74,877
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Schwan's Company Retirement Savings Plan reports 6,537 participants - 5.8x that state average ($489M EOY assets).
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)
| 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.
Schwan's Company Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Schwan's Company Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Schwan's Company Retirement Savings Plan assets move in 2022? ▼
How have Schwans Shared Services, LLC plan assets changed over time? ▼
Where does Schwan's Company Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Schwan's Company Retirement Savings Plan? ▼
Next read for Schwan's Company Retirement Savings Plan
Filing takeaways
Ways to act on Schwan's Company Retirement Savings Plan's numbers.
- By total assets, Schwan's Company Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Schwans Shared Services, LLC's sponsor-wide assets have grown 29.2% since 2022 across 3 plan years on file. More Manufacturing plans