401(k) · DOL Form 5500 · 2022
Danfoss Power Solutions US Company 401(k) Plan
Data updated 2026-08-11
- $425M
- Total assets
- 2,919
- Participants
- 98th
- Percentile by assets
- $145,644
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $425M
- total plan assets (2022 EOY)
- 2,919
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $145,644
- avg assets per participant
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.
Participants vs Iowa filers
In Iowa, the average filing covers about 609 participants across 1,246 plans. Danfoss USA Savings Plan reports 2,919 participants - 4.8x that state average ($425M EOY assets).
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)
| 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.
Danfoss USA Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Danfoss USA Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Danfoss USA Savings Plan assets move in 2022? ▼
How have Danfoss Power Solutions US Company plan assets changed over time? ▼
Where does Danfoss USA Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Danfoss USA Savings Plan? ▼
Next read for Danfoss USA Savings Plan
Filing takeaways
Ways to act on Danfoss USA Savings Plan's numbers.
- By total assets, Danfoss USA 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 Iowa. Compare plans
- Danfoss Power Solutions US Company's sponsor-wide assets have grown 23.8% since 2022 across 3 plan years on file. More Manufacturing plans