401(k) · DOL Form 5500 · 2023

Smith and Nephew, Inc. 401(k) Plan

Data updated 2026-08-11

$1.4B
Total assets: 7,159
Participants: 99th
Percentile by assets: $188,818
Avg per participant

Official DOL plan name: Smith & Nephew U.S. Savings Plan · Sponsored by Smith and Nephew, Inc. · Tennessee · Manufacturing

$1.4B in assets, 7,159 participants

Smith and Nephew, Inc.'s Smith & Nephew U.S. Savings Plan reported $1.4B in total assets and 7,159 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)
#18,365 in Manufacturing (18,722 peers)

Coverage in Tennessee

Smith & Nephew U.S. Savings Plan covers 7,159 participants in Tennessee, 6.4x the typical Tennessee plan (state average ~1,126 per filing). Assets: $1.4B.

$1.4B
total plan assets (2023 EOY): 7,159
covered participants: 99th
percentile by assets (of 127,072 plans): $188,818
avg assets per participant

Smith & Nephew U.S. Savings Plan reported net income rose from -$229M in the plan year 2022 filing to $221M in the plan year 2023 filing.
Smith & Nephew U.S. Savings Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.4B in the plan year 2023 filing.
Smith & Nephew U.S. Savings Plan reported participants rose from 6,924 in the plan year 2022 filing to 7,159 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Tennessee

Industry

Manufacturing

Participants vs Tennessee filers

In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. Smith & Nephew U.S. Savings Plan reports 7,159 participants - 6.4x that state average ($1.4B EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$1.1B
Net Assets (End of Year)	$1.4B
Net Income	$221M
Employer EIN	510123924
Plan Effective Date	1989-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Smith and Nephew, Inc.)

Total plan assets by year, all Smith and Nephew, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	7,420	$1.5B
2023	2	7,580	$1.6B
2024	2	6,745	$1.5B

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Smith & Nephew U.S. Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants

Fedex Corporation Retirement Savings Plan $23.9B · 127,010
Hca 401(k) Plan $21.5B · 291,649
Federal Express Corporation Pilots Retirement Savings Plan $4.7B · 5,728
International Paper Company Salaried Savings Plan $4.6B · 12,153
Chs/Community Health Systems, Inc. Retirement Savings Plan $4.5B · 62,487

Compare Smith & Nephew U.S. Savings Plan side-by-side with 3 peers →

Scale composition for Smith & Nephew U.S. Savings Plan

Smith & Nephew U.S. Savings Plan reports $1.4B in end-of-year assets across 7,159 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $188,818 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2023 was $221M.

This plan identity (EIN 510123924, plan #008) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.5B (+34.4%) while covered participants moved from 6,924 to 6,667 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	6,924	$1.1B	Open filing
2023	7,159	$1.4B	This page
2024 · index core	6,667	$1.5B	Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Smith & Nephew U.S. Savings Plan (401(k), $1.5B, 6,667 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Smith & Nephew U.S. Savings Plan by total assets, not by location.

Constellation Software (U.S.a.) Inc. Retirement Savings Plan (IL) $1.4B · 8,109
Arrow Electronics Savings Plan (CO) $1.4B · 4,978
Arnold & Porter Kaye Scholer LLP Profit-Sharing and 401(k) Plan and Trust (DC) $1.3B · 1,774
The Lubrizol Corporation Employees Profit Sharing and Savings Plan (OH) $1.4B · 4,289

Frequently Asked Questions

How did Smith & Nephew U.S. Savings Plan assets move in 2023? ▼

Smith & Nephew U.S. Savings Plan grew sharply - up 19.5% during 2023, from $1.1B to $1.4B. Reported net income was $221M.

How have Smith and Nephew, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Smith and Nephew, Inc.'s sponsor-wide assets grew 1.7%, from $1.5B to $1.5B.

Where does Smith & Nephew U.S. Savings Plan rank by assets among Form 5500 filers? ▼

Smith & Nephew U.S. Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Smith & Nephew U.S. Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Constellation Software (U.S.a.) Inc. Retirement Savings Plan in IL ($1.4B, 8,109 participants).

Next read for Smith & Nephew U.S. Savings Plan

Filing takeaways

Ways to act on Smith & Nephew U.S. Savings Plan's numbers.

By total assets, Smith & Nephew U.S. Savings 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 Tennessee. Compare plans
Smith and Nephew, Inc.'s sponsor-wide assets have grown 1.7% 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 510123924.