401(k) · DOL Form 5500 · 2023
Garmin International, Inc. 401(k) Plan
Data updated 2026-08-25
- $1.8B
- Total assets Very large vs avg
- 6,332
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $281,872
- Avg per participant High balance/head
Official DOL plan name: Garmin International, Inc. Retirement Plan · Sponsored by Garmin International, Inc. · Kansas · Manufacturing
$1.8B in assets, 6,332 participants
Garmin International, Inc.'s Garmin International, Inc. Retirement Plan reported $1.8B in total assets and 6,332 participants in its 2023 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.
- #18,446 in Manufacturing (18,722 peers)
Coverage in Kansas
Garmin International, Inc. Retirement Plan covers 6,332 participants in Kansas, 18x the typical Kansas plan (state average ~360 per filing). Assets: $1.8B.
- #18,446
- in Manufacturing (18,722 peers)
- +26.1%
- assets growth YoY
- 18×
- vs typical plan assets (national mean)
Garmin International, Inc. Retirement Plan's outsized position by total assets
Garmin International, Inc. Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,784,810,901 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Garmin International, Inc. Retirement Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Garmin International, Inc. Retirement Plan lands in the large band (6,332 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Garmin International, Inc. Retirement Plan reported net income rose from -$230M in the plan year 2022 filing to $370M in the plan year 2023 filing.
- Garmin International, Inc. Retirement Plan end-of-year assets rose from $1.4B in the plan year 2022 filing to $1.8B in the plan year 2023 filing.
- Garmin International, Inc. Retirement Plan reported participants rose from 6,273 in the plan year 2022 filing to 6,332 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 481088407 · Garmin International, Inc. PY 2023 · 401(k)
Garmin International, Inc. Retirement Plan · $1.8B · 6,332 · 99th
- SCH $1.8B
- SCH 6,332
- SCH 99th
- SCH 401(k)
- SCH near Invesco 401(k) Plan
- SCH ind #18446
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 Kansas →
Garmin International, Inc. Retirement Plan in the asset neighbourhood
Kansas filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.8B |
| Net Income | $370M |
| Employer EIN | 481088407 |
| Plan Effective Date | 1990-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Garmin International, Inc.)
Sponsor-wide plan assets over time
All Garmin International, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.2B 53.59431971875426% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,273 | $1.4B |
| 2023 | 1 | 6,332 | $1.8B |
| 2024 | 1 | 7,082 | $2.2B |
Nearby 401(k) Plans in Kansas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Koch Employees' Savings Plan $3.9B · 11,911
- Performance Contracting Group, Inc. ESOP/401(k) Plan $2.9B · 1,223
- Black & Veatch Retirement Program $2.7B · 6,890
- Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan $1.2B · 7,704
- The Terracon 401(k) and ESOP Plan $877M · 5,896
Scale composition for Garmin International, Inc. Retirement Plan
Garmin International, Inc. Retirement Plan reports $1.8B in end-of-year assets across 6,332 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $281,872 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $370M.
This plan identity (EIN 481088407, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.4B to $2.2B (+53.6%) while covered participants moved from 6,273 to 7,082 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,273 | $1.4B | Open filing |
| 2023 | 6,332 | $1.8B | This page |
| 2024 · index core | 7,082 | $2.2B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Garmin International, Inc. Retirement Plan (401(k), $2.2B, 7,082 participants)
Garmin International, Inc. Retirement Plan's out-of-state 401(k) peers by assets and headcount
Outside Kansas, the nearest 401(k) by assets is Invesco 401(k) Plan in GA ($1.8B); by covered participants it is Lockton, Inc. 401(k) Plan in MO (6,328 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.8B here).
- Invesco 401(k) Plan (GA) $1.8B · 3,371
- Quanta Services, Inc. 401(k) Savings Plan (TX) $1.8B · 30,951
- Kbrwyle Technology 401(k) Plan (TX) $1.8B · 10,619
- Cadence Design Systems, Inc. 401(k) Plan (CA) $1.8B · 3,437
Similar participant headcount
Nearest other-state filings by covered participants (6,332 participants); asset peers above are excluded.
- Lockton, Inc. 401(k) Plan (MO) 6,328 · 4 off
- G2 Secure Staff, L.L.C. Employees Savings Trust (TX) 6,339 · 7 off
- Watsco, Inc. Profit Sharing Retirement Plan and Trust (FL) 6,323 · 9 off
- Pyramid Advisors 401(k) Plan (MA) 6,345 · 13 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.