401(k) · DOL Form 5500 · 2022
American Axle & Manufacturing, Inc. 401(k) Plan
Data updated 2026-08-11
- $217M
- Total assets
- 6,431
- Participants
- 96th
- Percentile by assets
- $33,796
- Avg per participant
Official DOL plan name: American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates · Sponsored by American Axle & Manufacturing, Inc. · Michigan · Manufacturing
$217M in assets, 6,431 participants
American Axle & Manufacturing, Inc.'s American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reported $217M in total assets and 6,431 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 139,126 plans)
- #19,260 in Manufacturing (20,602 peers)
Coverage in Michigan
American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates covers 6,431 participants in Michigan, 10x the typical Michigan plan (state average ~638 per filing). Assets: $217M.
- $217M
- total plan assets (2022 EOY)
- 6,431
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $33,796
- avg assets per participant
The plan reported a net loss of $57M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reports 6,431 participants - 10x that state average ($217M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $276M |
|---|---|
| Net Assets (End of Year) | $217M |
| Net Income | -$57M |
| Employer EIN | 383138388 |
| Plan Effective Date | 1994-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (American Axle & Manufacturing, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 9,599 | $1.0B |
| 2023 | 3 | 6,499 | $1.2B |
| 2024 | 3 | 6,788 | $1.2B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
- The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811
Scale composition for American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates
American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reports $217M in end-of-year assets across 6,431 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $33,796 per participant (24% of the national average assets-per-participant) . Net income for plan year 2022 was -$57M.
This plan identity (EIN 383138388, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $217M to $258M (+18.7%) while covered participants moved from 6,431 to 4,126 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,431 | $217M | This page |
| 2023 | 3,902 | $245M | Open filing |
| 2024 · index core | 4,126 | $258M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- American Axle & Manufacturing, Inc. Salaried Savings Plan (401(k), $707M, 1,926 participants)
- American Axle & Manufacturing, Inc. Pension Plan (Defined Benefit (Pension), $270M, 736 participants)
- American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates (401(k), $258M, 4,126 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates by total assets, not by location.
- Atlantic Union Bankshares Corporation 401(k) Profit Sharing Plan (VA) $217M · 1,930
- Armanino LLP 401(k) Profit Sharing Plan (CA) $217M · 2,192
- The Park National Corporation Employees Stock Ownership Plan (OH) $217M · 1,702
- Signature Aviation USA, LLC 401(k) Plan (FL) $217M · 4,665
Frequently Asked Questions
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Filing takeaways
Ways to act on American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates's numbers.
- By total assets, American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates 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 Michigan. Compare plans
- American Axle & Manufacturing, Inc.'s sponsor-wide assets have grown 19.9% since 2022 across 3 plan years on file. More Manufacturing plans