401(k) · DOL Form 5500 · 2022

Sandvik, Inc. 401(k) Plan

Data updated 2026-08-25

$540M
Total assets Above avg plan size
2,379
Participants Above avg headcount
98th
Percentile by assets National rank
$226,919
Avg per participant Above avg balance/head
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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.

  • #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.

#19,919
in Manufacturing (20,602 peers)
-16.8%
assets change YoY
5.4×
vs typical plan assets (national mean)

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.

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

Sandvik 401(k) Retirement Plan vs every filed plan by assets

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

$539,841,237 Top 2% higher than 98% 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

Sandvik 401(k) Retirement 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. Sandvik 401(k) Retirement Plan lands in the large band (2,379 participants).

Published 5500 schedule card

Filing strip 221717737 · Sandvik, Inc. PY 2022 · 401(k)

Sandvik 401(k) Retirement Plan · $540M · 2,379 · 98th

  • TYPE $540M
  • NET 2,379
  • BOOK 98th
  • VS-ST 401(k)
  • BOY near Msc Industrial Direct 401(k) Plan
  • SCH ind #19919

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 North Carolina →

Sandvik 401(k) Retirement Plan in the asset neighbourhood

Ta Associates Profit Sharing PlanTa Associates Profit Sharing…$540MTechtronic Industries 401(k) Retirement PlanTechtronic Industries 401(k)…$540MSandvik 401(k) Retirement PlanSandvik 401(k) Retirement Pl…$540MMsc Industrial Direct 401(k) PlanMsc Industrial Direct 401(k)…$540MDolby Laboratories, Inc. Retirement PlanDolby Laboratories, Inc. Ret…$539M
End-of-year total assets ($M) among Sandvik 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$649M
Net Assets (End of Year)$540M
Net Income-$124M
Employer EIN221717737
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandvik, Inc.)

Sponsor-wide plan assets over time

All Sandvik, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 11.038655328974231% vs 2022
2024 filing year
$1.1B$1.15B$1.2B$1.25B$1.3B 202220232024 $1.15B $1.28B ▲ +11.3%
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 Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Sandvik 401(k) Retirement Plan, Total assets ($B): 0.539841237 · Participants: 2379Sandvik 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Sandvik 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sandvik 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest 401(k) by assets is Msc Industrial Direct 401(k) Plan in NY ($540M); by covered participants it is Metalsa-UAW Retirement and Savings Plan in VA (2,379 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($540M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,379 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 Sandvik 401(k) Retirement Plan assets move in 2022? ▼
Sandvik 401(k) Retirement Plan declined sharply - down 16.8% during 2022, from $649M to $540M. Reported net income was -$124M.
How have Sandvik, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sandvik, Inc.'s sponsor-wide assets grew 11.0%, from $1.2B to $1.3B.
Where does Sandvik 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Sandvik 401(k) Retirement Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sandvik 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Msc Industrial Direct 401(k) Plan in NY ($540M, 5,923 participants).
Which 401(k) plans cover a similar participant headcount to Sandvik 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Metalsa-UAW Retirement and Savings Plan in VA (2,379 participants, $85M 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 221717737.

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.