401(k) · DOL Form 5500 · 2023

Methode Electronics, Inc. 401(k) Plan

Data updated 2026-08-25

$93M
Total assets Below avg plan size
388
Participants Below avg headcount
91st
Percentile by assets National rank
$239,955
Avg per participant Above avg balance/head
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Official DOL plan name: Methode Electronics, Inc. 401(k) Savings Plan · Sponsored by Methode Electronics, Inc. · Illinois · Manufacturing

$93M in assets, 388 participants

Methode Electronics, Inc.'s Methode Electronics, Inc. 401(k) Savings Plan reported $93M in total assets and 388 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #16,114 in Manufacturing (18,722 peers)

Coverage in Illinois

Methode Electronics, Inc. 401(k) Savings Plan covers 388 participants in Illinois, about 50% of the average Illinois filer (state average ~779 per filing). Assets: $93M.

#16,114
in Manufacturing (18,722 peers)
+8.4%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Methode Electronics, Inc. 401(k) Savings Plan's outsized position by total assets

Methode Electronics, Inc. 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$93,102,643 Top 9% higher than 91% of 127,068 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 2023

Methode Electronics, Inc. 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Methode Electronics, Inc. 401(k) Savings Plan sits mid-pack in the medium band (388 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Methode Electronics, Inc. 401(k) Savings Plan reported net income rose from -$17M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Methode Electronics, Inc. 401(k) Savings Plan end-of-year assets rose from $86M in the plan year 2022 filing to $93M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 362090085 · Methode Electronics, Inc. PY 2023 · 401(k)

Methode Electronics, Inc. 401(k) Savings Plan · $93M · 388 · 91st

  • VS-ST $93M
  • VS-ST 388
  • VS-ST 91st
  • VS-ST 401(k)
  • VS-ST near Modernizing Medicine, Inc. 401(k) Plan
  • VS-ST ind #16114

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 Illinois →

Methode Electronics, Inc. 401(k) Savings Plan in the asset neighbourhood

Upwork Retirement Savings PlanUpwork Retirement Savings Pl…$93MEastman & Smith Ltd. Profit Sharing and Savings Plan and TrustEastman & Smith Ltd. Profit …$93MMethode Electronics, Inc. 401(k) Savings PlanMethode Electronics, Inc. 40…$93MModernizing Medicine, Inc. 401(k) PlanModernizing Medicine, Inc. 4…$93MMassey Services, Inc. 401(k) Retirement PlanMassey Services, Inc. 401(k)…$93M
End-of-year total assets ($M) among Methode Electronics, Inc. 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$86M
Net Assets (End of Year)$93M
Net Income$7M
Employer EIN362090085
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Methode Electronics, Inc.)

Sponsor-wide plan assets over time

All Methode Electronics, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$93M 8.56820989067221% vs 2022
2024 filing year
$85M$90M$95M 202220232024 $85.9M $93.2M ▲ +8.6%
Year Plans Participants Total Assets
2022 1 388 $86M
2023 1 388 $93M
2024 1 407 $93M

Nearby 401(k) Plans in Illinois

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

Methode Electronics, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Methode Electronics, Inc. 401(k) Savings Plan, Total assets ($B): 0.093102643 · Participants: 388Methode Electronics, Inc. 401(k) Savings PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Methode Electronics, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Methode Electronics, Inc. 401(k) Savings Plan side-by-side with 3 peers →

Methode Electronics, Inc. 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Modernizing Medicine, Inc. 401(k) Plan in FL ($93M); by covered participants it is Venerable 401(k) Savings Plan in PA (388 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (388 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Methode Electronics, Inc. 401(k) Savings Plan assets move in 2023? ▼
Methode Electronics, Inc. 401(k) Savings Plan grew at a solid clip - up 8.4% during 2023, from $86M to $93M. Reported net income was $7M.
How have Methode Electronics, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Methode Electronics, Inc.'s sponsor-wide assets grew 8.6%, from $86M to $93M.
Where does Methode Electronics, Inc. 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Methode Electronics, Inc. 401(k) Savings Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Methode Electronics, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Modernizing Medicine, Inc. 401(k) Plan in FL ($93M, 1,530 participants).
Which 401(k) plans cover a similar participant headcount to Methode Electronics, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Venerable 401(k) Savings Plan in PA (388 participants, $65M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 362090085.

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.