401(k) · DOL Form 5500 · 2022
Danfoss Power Solutions US Company 401(k) Plan
Data updated 2026-08-25
- $425M
- Total assets Above avg plan size
- 2,919
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $145,644
- Avg per participant Above avg balance/head
Official DOL plan name: Danfoss USA Savings Plan · Sponsored by Danfoss Power Solutions US Company · Iowa · Manufacturing
$425M in assets, 2,919 participants
Danfoss Power Solutions US Company's Danfoss USA Savings Plan reported $425M in total assets and 2,919 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.
- #19,777 in Manufacturing (20,602 peers)
Coverage in Iowa
Danfoss USA Savings Plan covers 2,919 participants in Iowa, 4.8x the typical Iowa plan (state average ~609 per filing). Assets: $425M.
- #19,777
- in Manufacturing (20,602 peers)
- -18.0%
- assets change YoY
- 4.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $93M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Danfoss USA Savings Plan's outsized position by total assets
Danfoss USA Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$425,133,972 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
Danfoss USA 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. Danfoss USA Savings Plan lands in the large band (2,919 participants).
DOL schedule card
Filing strip 421345015 · Danfoss Power Solutions US Company PY 2022 · 401(k)
Danfoss USA Savings Plan · $425M · 2,919 · 98th
- BOOK $425M
- BOOK 2,919
- BOOK 98th
- BOOK 401(k)
- BOOK near Ion Group 401(k) Plan
- BOOK ind #19777
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 Iowa →
Danfoss USA Savings Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $518M |
|---|---|
| Net Assets (End of Year) | $425M |
| Net Income | -$93M |
| Employer EIN | 421345015 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Danfoss Power Solutions US Company)
Sponsor-wide plan assets over time
All Danfoss Power Solutions US Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $734M 23.792197387328752% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 4,130 | $593M |
| 2023 | 3 | 4,409 | $681M |
| 2024 | 3 | 4,492 | $734M |
Nearby 401(k) Plans in Iowa
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Principal Select Savings Plan $3.6B · 12,201
- Iowa Health System Section 401(k) Retirement Savings Plan $2.7B · 28,603
- The Hy-Vee and Affiliates 401(k) Plan $2.4B · 59,826
- The Rsm US LLP Retirement Plan $2.3B · 13,793
- Transamerica 401(k) Retirement Savings Plan $2.1B · 7,262
Danfoss USA Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Ion Group 401(k) Plan in NY ($425M); by covered participants it is Compunnel Software Group Inc 401(k) Profit Sharing Plan in NJ (2,919 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($425M here).
- Ion Group 401(k) Plan (NY) $425M · 1,273
- First Interstate Bancsystem, Inc. 401(k) Plan (MT) $426M · 2,313
- Sonic Automotive, Inc. 401(k) Plan & Trust (NC) $424M · 7,953
- Gainwell Technologies 401(k) Plan (AK) $424M · 8,051
Similar participant headcount
Nearest other-state filings by covered participants (2,919 participants); asset peers above are excluded.
- Compunnel Software Group Inc 401(k) Profit Sharing Plan (NJ) 2,919 · 0 off
- Roller Bearing Company of America 401(k) Plan (CT) 2,919 · 0 off
- 401(k) Plan for Employees of Jri (MA) 2,920 · 1 off
- Ctca 401(k) Savings and Retirement Plan (FL) 2,918 · 1 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.