401(k) · DOL Form 5500 · 2023

Volvo Group North America, LLC 401(k) Plan

Data updated 2026-08-25

$130M
Total assets Near avg plan size: 3,187
Participants Above avg headcount: 93rd
Percentile by assets National rank: $40,809
Avg per participant Low balance/head

PlainRetire home → About this data RSS: change history

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.

#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.

#16,670
in Manufacturing (18,722 peers): +21.5%
assets growth YoY: 1.3×
vs typical plan assets (national mean)

Voluntary Investment Pretax Plan for the Vgna Union Employees's outsized position by total assets

Voluntary Investment Pretax Plan for the Vgna Union Employees vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$130,057,279 Top 7% higher than 93% 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

Voluntary Investment Pretax Plan for the Vgna Union Employees'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. Voluntary Investment Pretax Plan for the Vgna Union Employees lands in the large band (3,187 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

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 →

Published 5500 schedule card

Filing strip 582431188 · Volvo Group North America, LLC PY 2023 · 401(k)

Voluntary Investment Pretax Plan for the Vgna Union Employees · $130M · 3,187 · 93rd

EBSA $130M
EBSA 3,187
EBSA 93rd
EBSA 401(k)
EBSA near Pt Holdings, LLC 401(k) Plan
EBSA ind #16670

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 →

End-of-year total assets ($M) among Voluntary Investment Pretax Plan for the Vgna Union Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

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.

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 Vgna Union Employees side-by-side with 3 peers →

Voluntary Investment Pretax Plan for the Vgna Union Employees's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Pt Holdings, LLC 401(k) Plan in IL ($130M); by covered participants it is Cbera Plan a in MA (3,187 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($130M here).

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

Similar participant headcount

Nearest other-state filings by covered participants (3,187 participants); asset peers above are excluded.

Cbera Plan a (MA) 3,187 · 0 off
Retail Business Services 401(k) Plan (ME) 3,187 · 0 off
Amc, LLC 401(k) Plan (UT) 3,185 · 2 off
Pro Mach, Inc. Retirement Savings Plan (KY) 3,189 · 2 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).

Which 401(k) plans cover a similar participant headcount to Voluntary Investment Pretax Plan for the Vgna Union Employees? ▼

Among 401(k) plans in other states, the closest by covered participants is Cbera Plan a in MA (3,187 participants, $725M in assets).

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.