401(k) · DOL Form 5500 · 2023
Covestro LLC 401(k) Plan
Data updated 2026-08-06
- $1.4B
- Total assets
- 2,625
- Participants
- 99th
- Percentile by assets
- $549,335
- Avg per participant
Official DOL plan name: Covestro LLC Savings and Retirement Plan · Sponsored by Covestro LLC · Pennsylvania · Manufacturing
$1.4B in assets, 2,625 participants
Covestro LLC's Covestro LLC Savings and Retirement Plan reported $1.4B in total assets and 2,625 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.
- 99th percentile by assets (of 126,618 plans)
- #18,330 in Manufacturing (18,672 peers)
Coverage in Pennsylvania
Covestro LLC Savings and Retirement Plan covers 2,625 participants in Pennsylvania, 3.2x the typical Pennsylvania plan (state average ~824 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2023 EOY)
- 2,625
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $549,335
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Covestro LLC Savings and Retirement Plan reported net income rose from -$262M in the plan year 2022 filing to $154M in the plan year 2023 filing.
- Covestro LLC Savings and Retirement Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.4B in the plan year 2023 filing.
- Covestro LLC Savings and Retirement Plan reported participants fell from 2,673 in the plan year 2022 filing to 2,625 in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Covestro LLC Savings and Retirement Plan reports 2,625 participants - 3.2x that state average ($1.4B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | $154M |
| Employer EIN | 061653740 |
| Plan Effective Date | 2015-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Covestro LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,496 | $1.5B |
| 2023 | 2 | 3,262 | $1.7B |
| 2024 | 2 | 3,149 | $1.8B |
Nearby 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Covestro LLC Savings and Retirement Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
- Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
- Cigna 401(k) Plan $13.0B · 66,760
- The Vanguard Retirement and Savings Plan $9.8B · 18,200
- The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
- The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Covestro LLC Savings and Retirement Plan by total assets, not by location.
- Fujitsu Group Defined Contribution and 401(k) Plan (CA) $1.4B · 1,872
- Servicenow, Inc. 401(k) Plan (CA) $1.4B · 10,956
- Deluxe Corporation 401(k) Plan (MN) $1.4B · 5,556
- Jones Day Retirement Plan (OH) $1.4B · 926
Frequently Asked Questions
How did Covestro LLC Savings and Retirement Plan assets move in 2023? ▼
How have Covestro LLC plan assets changed over time? ▼
Where does Covestro LLC Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Covestro LLC Savings and Retirement Plan? ▼
Next read for Covestro LLC Savings and Retirement Plan
Filing takeaways
Ways to act on Covestro LLC Savings and Retirement Plan's numbers.
- By total assets, Covestro LLC Savings and Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
- Covestro LLC's sponsor-wide assets have grown 15.8% since 2022 across 3 plan years on file. More Manufacturing plans