401(k) · DOL Form 5500 · 2023

Danfoss Power Solutions II, LLC 401(k) Plan

Data updated 2026-08-25

$148M
Total assets Near avg plan size
2,566
Participants Above avg headcount
93rd
Percentile by assets National rank
$57,546
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Danfoss USA Savings Plan II · Sponsored by Danfoss Power Solutions II, LLC · Iowa · Manufacturing

$148M in assets, 2,566 participants

Danfoss Power Solutions II, LLC's Danfoss USA Savings Plan II reported $148M in total assets and 2,566 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.

  • #16,850 in Manufacturing (18,722 peers)

Coverage in Iowa

Danfoss USA Savings Plan II covers 2,566 participants in Iowa, 4.2x the typical Iowa plan (state average ~609 per filing). Assets: $148M.

#16,850
in Manufacturing (18,722 peers)
+41.2%
assets growth YoY
1.5×
vs typical plan assets (national mean)

Danfoss USA Savings Plan II's outsized position by total assets

Danfoss USA Savings Plan II vs every filed plan by assets

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

$147,664,004 Top 7% higher than 93% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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 II'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 II lands in the large band (2,566 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Danfoss USA Savings Plan II reported net income rose from $15M in the plan year 2022 filing to $45M in the plan year 2023 filing.
  • Danfoss USA Savings Plan II end-of-year assets rose from $105M in the plan year 2022 filing to $148M in the plan year 2023 filing.
  • Danfoss USA Savings Plan II reported participants fell from 2,663 in the plan year 2022 filing to 2,566 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 851065969 · Danfoss Power Solutions II, LLC PY 2023 · 401(k)

Danfoss USA Savings Plan II · $148M · 2,566 · 93rd

  • RANK $148M
  • PHOTO 2,566
  • IND 93rd
  • EOY 401(k)
  • 5500 near Loram Retirement Plan
  • ASSETS ind #16850

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 II in the asset neighbourhood

Sheet Metal Workers Local 100 401(k) PlanSheet Metal Workers Local 10…$148MGlory Global Solutions 401(k) PlanGlory Global Solutions 401(k…$148MLoram Retirement Plan$148MDanfoss USA Savings Plan II$148MErlanger Health 401(a) Retirement Savings PlanErlanger Health 401(a) Retir…$148M
End-of-year total assets ($M) among Danfoss USA Savings Plan II and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$105M
Net Assets (End of Year)$148M
Net Income$45M
Employer EIN851065969
Plan Effective Date2021-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Danfoss Power Solutions II, LLC)

Sponsor-wide plan assets over time

All Danfoss Power Solutions II, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$185M 68.72615660913749% vs 2022
2024 filing year
$100M$150M$200M 202220232024 $110M $185M ▲ +68.7%
Year Plans Participants Total Assets
2022 2 2,839 $110M
2023 2 2,731 $154M
2024 2 2,716 $185M

Nearby 401(k) Plans in Iowa

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

Danfoss USA Savings Plan II vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Danfoss USA Savings Plan II, Total assets ($B): 0.147664004 · Participants: 2566Danfoss USA Savings Plan IIThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
Danfoss USA Savings Plan II vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Danfoss USA Savings Plan II side-by-side with 3 peers →

Danfoss USA Savings Plan II's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Loram Retirement Plan in MN ($148M); by covered participants it is Gila River Gaming Enterprises, Inc. 401(k) Plan and Trust in AZ (2,566 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($148M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,566 participants); asset peers above are excluded.

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 Danfoss USA Savings Plan II assets move in 2023? ▼
Danfoss USA Savings Plan II surged - up 41.2% during 2023, from $105M to $148M. Reported net income was $45M.
How have Danfoss Power Solutions II, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Danfoss Power Solutions II, LLC's sponsor-wide assets grew 68.7%, from $110M to $185M.
Where does Danfoss USA Savings Plan II rank by assets among Form 5500 filers? ▼
Danfoss USA Savings Plan II 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 Danfoss USA Savings Plan II? ▼
Among 401(k) plans in other states, the closest by assets is Loram Retirement Plan in MN ($148M, 1,095 participants).
Which 401(k) plans cover a similar participant headcount to Danfoss USA Savings Plan II? ▼
Among 401(k) plans in other states, the closest by covered participants is Gila River Gaming Enterprises, Inc. 401(k) Plan and Trust in AZ (2,566 participants, $119M 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 851065969.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.