401(k) · DOL Form 5500 · 2023
Danfoss Power Solutions US Company 401(k) Plan
Data updated 2026-08-25
- $507M
- Total assets Above avg plan size
- 3,302
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $153,537
- Avg per participant Above avg balance/head
Official DOL plan name: Danfoss USA Savings Plan · Sponsored by Danfoss Power Solutions US Company · Iowa · Manufacturing
$507M in assets, 3,302 participants
Danfoss Power Solutions US Company's Danfoss USA Savings Plan reported $507M in total assets and 3,302 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- #17,948 in Manufacturing (18,722 peers)
Coverage in Iowa
Danfoss USA Savings Plan covers 3,302 participants in Iowa, 5.4x the typical Iowa plan (state average ~609 per filing). Assets: $507M.
- #17,948
- in Manufacturing (18,722 peers)
- +19.3%
- assets growth YoY
- 5.1×
- vs typical plan assets (national mean)
Danfoss USA Savings Plan's outsized position by total assets
Danfoss USA Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$506,977,644 Top 3% higher than 97% 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
Danfoss USA Savings 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. Danfoss USA Savings Plan lands in the large band (3,302 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Danfoss USA Savings Plan reported net income rose from -$93M in the plan year 2022 filing to $80M in the plan year 2023 filing.
- Danfoss USA Savings Plan end-of-year assets rose from $425M in the plan year 2022 filing to $507M in the plan year 2023 filing.
- Danfoss USA Savings Plan reported participants rose from 2,919 in the plan year 2022 filing to 3,302 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 421345015 · Danfoss Power Solutions US Company PY 2023 · 401(k)
Danfoss USA Savings Plan · $507M · 3,302 · 97th
- PHOTO $507M
- IND 3,302
- EOY 97th
- 5500 401(k)
- ASSETS near Integer 401(k) Plan
- PCT ind #17948
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 Iowa →
Danfoss USA Savings Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $425M |
|---|---|
| Net Assets (End of Year) | $507M |
| Net Income | $80M |
| Employer EIN | 421345015 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Danfoss Power Solutions US Company)
Sponsor-wide plan assets over time
All Danfoss Power Solutions US Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $734M 23.792197387328752% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 4,130 | $593M |
| 2023 | 3 | 4,409 | $681M |
| 2024 | 3 | 4,492 | $734M |
Nearby 401(k) Plans in Iowa
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Principal Select Savings Plan $4.1B · 12,827
- Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
- The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
- The Rsm US LLP Retirement Plan $2.9B · 14,720
- Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999
Danfoss USA Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Integer 401(k) Plan in TX ($507M); by covered participants it is Omnicell, Inc. 401(k) Plan in TX (3,303 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($507M here).
- Integer 401(k) Plan (TX) $507M · 4,231
- Lord Abbett 401(k) Retirement Plan (NJ) $507M · 749
- Kuehne & Nagel 401(k) Plan (NJ) $508M · 7,254
- Savings Plan for Employees of Newmarket Corporation and Affiliates (VA) $508M · 1,062
Similar participant headcount
Nearest other-state filings by covered participants (3,302 participants); asset peers above are excluded.
- Omnicell, Inc. 401(k) Plan (TX) 3,303 · 1 off
- Eaton Personal Investment Plan (OH) 3,303 · 1 off
- Hyland Software 401(k) Plan (OH) 3,304 · 2 off
- Innovative Employee Solutions, Inc. 401(k) Plan (CA) 3,304 · 2 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.