401(k) · DOL Form 5500 · 2022
Sandvik, Inc. 401(k) Plan
Data updated 2026-08-11
- $540M
- Total assets
- 2,379
- Participants
- 98th
- Percentile by assets
- $226,919
- Avg per participant
Official DOL plan name: Sandvik 401(k) Retirement Plan · Sponsored by Sandvik, Inc. · North Carolina · Manufacturing
$540M in assets, 2,379 participants
Sandvik, Inc.'s Sandvik 401(k) Retirement Plan reported $540M in total assets and 2,379 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)
- #19,919 in Manufacturing (20,602 peers)
Coverage in North Carolina
Sandvik 401(k) Retirement Plan covers 2,379 participants in North Carolina, 2.9x the typical North Carolina plan (state average ~819 per filing). Assets: $540M.
- $540M
- total plan assets (2022 EOY)
- 2,379
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $226,919
- avg assets per participant
The plan reported a net loss of $124M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sandvik 401(k) Retirement Plan reports 2,379 participants - 2.9x that state average ($540M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $649M |
|---|---|
| Net Assets (End of Year) | $540M |
| Net Income | -$124M |
| Employer EIN | 221717737 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sandvik, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,052 | $1.2B |
| 2023 | 2 | 3,008 | $1.2B |
| 2024 | 2 | 3,101 | $1.3B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sandvik 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Truist Financial Corporation 401(k) Savings Plan $9.0B · 51,871
- Lowes 401(k) Plan $7.4B · 284,864
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sandvik 401(k) Retirement Plan by total assets, not by location.
- Msc Industrial Direct 401(k) Plan (NY) $540M · 5,923
- Techtronic Industries 401(k) Retirement Plan (FL) $540M · 7,629
- Ta Associates Profit Sharing Plan (MA) $540M · 157
- Dolby Laboratories, Inc. Retirement Plan (CA) $539M · 1,262
Frequently Asked Questions
How did Sandvik 401(k) Retirement Plan assets move in 2022? ▼
How have Sandvik, Inc. plan assets changed over time? ▼
Where does Sandvik 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sandvik 401(k) Retirement Plan? ▼
Next read for Sandvik 401(k) Retirement Plan
Filing takeaways
Ways to act on Sandvik 401(k) Retirement Plan's numbers.
- By total assets, Sandvik 401(k) Retirement 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 North Carolina. Compare plans
- Sandvik, Inc.'s sponsor-wide assets have grown 11.0% since 2022 across 3 plan years on file. More Manufacturing plans