401(k) · DOL Form 5500 · 2023
Volvo Group North America, LLC 401(k) Plan
Data updated 2026-08-25
- $1.2B
- Total assets Very large vs avg
- 5,387
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $227,671
- Avg per participant Above avg balance/head
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.
- #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.
- #18,341
- in Manufacturing (18,722 peers)
- +23.5%
- assets growth YoY
- 12×
- vs typical plan assets (national mean)
Vgna Vol Investment Pretax Plan's outsized position by total assets
Vgna Vol Investment Pretax Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,226,465,414 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
Vgna Vol Investment Pretax 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. Vgna Vol Investment Pretax Plan lands in the large band (5,387 participants).
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.
DOL schedule card
Filing strip 582431188 · Volvo Group North America, LLC PY 2023 · 401(k)
Vgna Vol Investment Pretax Plan · $1.2B · 5,387 · 99th
- PHOTO $1.2B
- PHOTO 5,387
- PHOTO 99th
- PHOTO 401(k)
- PHOTO near Igt 401(k) Retirement Savings Plan
- PHOTO ind #18341
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 →
Vgna Vol Investment Pretax Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Volvo Group North America, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.2B 26.43246042441232% vs 2022
- 2024 filing year
| 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.
- 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)
Vgna Vol Investment Pretax Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Igt 401(k) Retirement Savings Plan in RI ($1.2B); by covered participants it is Ars Employee 401(k) Plan in TN (5,391 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (5,387 participants); asset peers above are excluded.
- Ars Employee 401(k) Plan (TN) 5,391 · 4 off
- Smiths Group Incentive Savings Plan (DC) 5,382 · 5 off
- Danone U.S. 401(k) Plan (NY) 5,394 · 7 off
- Central Employees Savings Plan (MI) 5,379 · 8 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.