401(k) · DOL Form 5500 · 2023

Volvo Group North America, LLC 401(k) Plan

Data updated 2026-08-11

$130M
Total assets: 3,187
Participants: 93rd
Percentile by assets: $40,809
Avg per participant

Official DOL plan name: Voluntary Investment Pretax Plan for the Vgna Union Employees · Sponsored by Volvo Group North America, LLC · North Carolina · Manufacturing

$130M in assets, 3,187 participants

Volvo Group North America, LLC's Voluntary Investment Pretax Plan for the Vgna Union Employees reported $130M in total assets and 3,187 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

93rd percentile by assets (of 127,072 plans)
#16,670 in Manufacturing (18,722 peers)

Coverage in North Carolina

Voluntary Investment Pretax Plan for the Vgna Union Employees covers 3,187 participants in North Carolina, 3.9x the typical North Carolina plan (state average ~819 per filing). Assets: $130M.

$130M
total plan assets (2023 EOY): 3,187
covered participants: 93rd
percentile by assets (of 127,072 plans): $40,809
avg assets per participant

Voluntary Investment Pretax Plan for the Vgna Union Employees reported net income rose from -$15M in the plan year 2022 filing to $24M in the plan year 2023 filing.
Voluntary Investment Pretax Plan for the Vgna Union Employees end-of-year assets rose from $107M in the plan year 2022 filing to $130M in the plan year 2023 filing.
Voluntary Investment Pretax Plan for the Vgna Union Employees reported participants rose from 3,153 in the plan year 2022 filing to 3,187 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Voluntary Investment Pretax Plan for the Vgna Union Employees reports 3,187 participants - 3.9x that state average ($130M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$107M
Net Assets (End of Year)	$130M
Net Income	$24M
Employer EIN	582431188
Plan Effective Date	1994-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Volvo Group North America, LLC)

Total plan assets by year, all Volvo Group North America, LLC plans on file

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.

Voluntary Investment Pretax Plan for the Vgna Union Employees 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

Compare Voluntary Investment Pretax Plan for the… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Voluntary Investment Pretax Plan for the Vgna Union Employees by total assets, not by location.

Pt Holdings, LLC 401(k) Plan (IL) $130M · 2,824
Kennedy/Jenks Consultants, Inc. Profit Sharing Retirement Plan (CA) $130M · 433
Cc Industries and Affiliates Retirement Savings Plan for Salaried Employees (IL) $130M · 342
Acuren Inspection, Inc. Retirement Savings Plan (CT) $130M · 2,511

Frequently Asked Questions

How did Voluntary Investment Pretax Plan for the Vgna Union Employees assets move in 2023? ▼

Voluntary Investment Pretax Plan for the Vgna Union Employees grew sharply - up 21.5% during 2023, from $107M to $130M. Reported net income was $24M.

How have Volvo Group North America, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Volvo Group North America, LLC's sponsor-wide assets grew 26.4%, from $1.8B to $2.2B.

Where does Voluntary Investment Pretax Plan for the Vgna Union Employees rank by assets among Form 5500 filers? ▼

Voluntary Investment Pretax Plan for the Vgna Union Employees ranks in the 93rd 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 Voluntary Investment Pretax Plan for the Vgna Union Employees? ▼

Among 401(k) plans in other states, the closest by assets is Pt Holdings, LLC 401(k) Plan in IL ($130M, 2,824 participants).

Next read for Voluntary Investment Pretax Plan for the…

Filing takeaways

Ways to act on Voluntary Investment Pretax Plan for the Vgna Union Employees's numbers.

By total assets, Voluntary Investment Pretax Plan for the Vgna Union Employees ranks in the top 10% of all filed plans by assets. 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

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 582431188.