401(k) · DOL Form 5500 · 2022

Seagate U.S. LLC 401(k) Plan

Data updated 2026-08-25

$2.0B
Total assets Very large vs avg
4,483
Participants Above avg headcount
99th
Percentile by assets National rank
$444,489
Avg per participant High balance/head
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Official DOL plan name: Seagate 401(k) Plan · Sponsored by Seagate U.S. LLC · California · Manufacturing

$2.0B in assets, 4,483 participants

Seagate U.S. LLC's Seagate 401(k) Plan reported $2.0B in total assets and 4,483 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.

  • #20,382 in Manufacturing (20,602 peers)

Coverage in California

Seagate 401(k) Plan covers 4,483 participants in California, 7.1x the typical California plan (state average ~630 per filing). Assets: $2.0B.

#20,382
in Manufacturing (20,602 peers)
-20.4%
assets change YoY
20×
vs typical plan assets (national mean)

The plan reported a net loss of $510M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Seagate 401(k) Plan's outsized position by total assets

Seagate 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,992,644,951 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Seagate 401(k) 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. Seagate 401(k) Plan lands in the large band (4,483 participants).

Form 5500 schedule snapshot

Filing strip 770545987 · Seagate U.S. LLC PY 2022 · 401(k)

Seagate 401(k) Plan · $2.0B · 4,483 · 99th

  • SCH $2.0B
  • SCH 4,483
  • SCH 99th
  • SCH 401(k)
  • SCH near Wood 401(k) Plan
  • SCH ind #20382

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 California →

Seagate 401(k) Plan in the asset neighbourhood

Lyondellbasell Savings Plan$2.0BWood 401(k) Plan$2.0BSeagate 401(k) Plan$2.0BAvangrid Union 401(k) Plan$2.0BAT&T Savings and Security PlanAT&T Savings and Security Pl…$2.0B
End-of-year total assets ($B) among Seagate 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$2.5B
Net Assets (End of Year)$2.0B
Net Income-$510M
Employer EIN770545987
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Seagate U.S. LLC)

Sponsor-wide plan assets over time

All Seagate U.S. LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.3B 15.493306062631326% vs 2022
2024 filing year
$1.9B$2B$2.1B$2.2B$2.3B$2.4B 202220232024 $1.99B $2.3B ▲ +15.6%
Year Plans Participants Total Assets
2022 1 4,483 $2.0B
2023 1 4,188 $2.1B
2024 1 3,205 $2.3B

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Seagate 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -1001020304050 Total assets ($B) Participants Seagate 401(k) Plan, Total assets ($B): 1.992644951 · Participants: 4483Seagate 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings Plan
Seagate 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Seagate 401(k) Plan side-by-side with 3 peers →

Seagate 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Wood 401(k) Plan in TX ($2.0B); by covered participants it is Homeservices Retirement Savings Plan in MN (4,485 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (4,483 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Seagate 401(k) Plan assets move in 2022? ▼
Seagate 401(k) Plan declined sharply - down 20.4% during 2022, from $2.5B to $2.0B. Reported net income was -$510M.
How have Seagate U.S. LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Seagate U.S. LLC's sponsor-wide assets grew 15.5%, from $2.0B to $2.3B.
Where does Seagate 401(k) Plan rank by assets among Form 5500 filers? ▼
Seagate 401(k) Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Seagate 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wood 401(k) Plan in TX ($2.0B, 11,304 participants).
Which 401(k) plans cover a similar participant headcount to Seagate 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Homeservices Retirement Savings Plan in MN (4,485 participants, $626M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 770545987.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.