401(k) · DOL Form 5500 · 2023
Volvo Group North America, LLC 401(k) Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 5,387
- Participants
- 99th
- Percentile by assets
- $227,671
- Avg per participant
Official DOL plan name: Vgna Vol Investment Pretax Plan · Sponsored by Volvo Group North America, LLC · North Carolina · Manufacturing
$1.2B in assets, 5,387 participants
Volvo Group North America, LLC's Vgna Vol Investment Pretax Plan reported $1.2B in total assets and 5,387 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 127,072 plans)
- #18,341 in Manufacturing (18,722 peers)
Coverage in North Carolina
Vgna Vol Investment Pretax Plan covers 5,387 participants in North Carolina, 6.6x the typical North Carolina plan (state average ~819 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2023 EOY)
- 5,387
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $227,671
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Vgna Vol Investment Pretax Plan reported net income rose from -$168M in the plan year 2022 filing to $231M in the plan year 2023 filing.
- Vgna Vol Investment Pretax Plan end-of-year assets rose from $993M in the plan year 2022 filing to $1.2B in the plan year 2023 filing.
- Vgna Vol Investment Pretax Plan reported participants fell from 6,771 in the plan year 2022 filing to 5,387 in the plan year 2023 filing.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Vgna Vol Investment Pretax Plan reports 5,387 participants - 6.6x that state average ($1.2B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $993M |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | $231M |
| Employer EIN | 582431188 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Volvo Group North America, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 15,485 | $1.8B |
| 2023 | 5 | 13,628 | $2.0B |
| 2024 | 5 | 13,266 | $2.2B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Vgna Vol Investment Pretax Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Scale composition for Vgna Vol Investment Pretax Plan
Vgna Vol Investment Pretax Plan reports $1.2B in end-of-year assets across 5,387 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $227,671 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $231M.
This plan identity (EIN 582431188, plan #008) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $993M to $1.5B (+46.6%) while covered participants moved from 6,771 to 5,452 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,771 | $993M | Open filing |
| 2023 | 5,387 | $1.2B | This page |
| 2024 · index core | 5,452 | $1.5B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Volvo Group North America Voluntary Investment Pretax Plan (401(k), $1.5B, 5,452 participants)
- Volvo Group North America Retirement Plan (Defined Benefit (Pension), $314M, 3,512 participants)
- Volvo Group North America New River Valley Pension Plan (Defined Benefit (Pension), $300M, 1,209 participants)
- Voluntary Investment Pretax Plan for the Volvo Group North America Union Employees (401(k), $151M, 3,076 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Vgna Vol Investment Pretax Plan by total assets, not by location.
- Igt 401(k) Retirement Savings Plan (RI) $1.2B · 5,645
- Ropes & Gray LLP Retirement Savings Plan (MA) $1.2B · 2,773
- Maxar 401(k) Profit Sharing Plan (CO) $1.2B · 4,259
- Marsh & Mclennan Agency 401(k) Savings & Investment Plan (NY) $1.2B · 9,739
Frequently Asked Questions
How did Vgna Vol Investment Pretax Plan assets move in 2023? ▼
How have Volvo Group North America, LLC plan assets changed over time? ▼
Where does Vgna Vol Investment Pretax Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Vgna Vol Investment Pretax Plan? ▼
Next read for Vgna Vol Investment Pretax Plan
Filing takeaways
Ways to act on Vgna Vol Investment Pretax Plan's numbers.
- By total assets, Vgna Vol Investment Pretax 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 North Carolina. Compare plans
- Volvo Group North America, LLC's sponsor-wide assets have grown 26.4% since 2022 across 3 plan years on file. More Manufacturing plans