401(k) · DOL Form 5500 · 2023
Hsbc North America Holdings Inc. 401(k) Plan
Data updated 2026-08-11
- $4.5B
- Total assets
- 6,992
- Participants
- 100th
- Percentile by assets
- $644,612
- Avg per participant
Official DOL plan name: Hsbc - North America (U. S.) Tax Reduction Investment Plan · Sponsored by Hsbc North America Holdings Inc. · Illinois · Management of Enterprises
$4.5B in assets, 6,992 participants
Hsbc North America Holdings Inc.'s Hsbc - North America (U. S.) Tax Reduction Investment Plan reported $4.5B in total assets and 6,992 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 127,072 plans)
- #1,124 in Management of Enterprises (1,137 peers)
Coverage in Illinois
Hsbc - North America (U. S.) Tax Reduction Investment Plan covers 6,992 participants in Illinois, 9.0x the typical Illinois plan (state average ~779 per filing). Assets: $4.5B.
- $4.5B
- total plan assets (2023 EOY)
- 6,992
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $644,612
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Hsbc - North America (U. S.) Tax Reduction Investment Plan reported net income rose from -$930M in the plan year 2022 filing to $504M in the plan year 2023 filing.
- Hsbc - North America (U. S.) Tax Reduction Investment Plan reported participants fell from 8,442 in the plan year 2022 filing to 6,992 in the plan year 2023 filing.
- Hsbc - North America (U. S.) Tax Reduction Investment Plan end-of-year assets rose from $4.0B in the plan year 2022 filing to $4.5B in the plan year 2023 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Hsbc - North America (U. S.) Tax Reduction Investment Plan reports 6,992 participants - 9.0x that state average ($4.5B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $4.0B |
|---|---|
| Net Assets (End of Year) | $4.5B |
| Net Income | $504M |
| Employer EIN | 232186091 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hsbc North America Holdings Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 11,984 | $7.5B |
| 2023 | 2 | 9,719 | $8.1B |
| 2024 | 2 | 9,131 | $8.2B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Hsbc - North America (U. S.) Tax Reduction Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Scale composition for Hsbc - North America (U. S.) Tax Reduction Investment Plan
Hsbc - North America (U. S.) Tax Reduction Investment Plan reports $4.5B in end-of-year assets across 6,992 participants (0.037% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $644,612 per participant (4.7x the national average assets-per-participant) . Net income for plan year 2023 was $504M.
This plan identity (EIN 232186091, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.0B to $4.9B (+23.2%) while covered participants moved from 8,442 to 6,684 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,442 | $4.0B | Open filing |
| 2023 | 6,992 | $4.5B | This page |
| 2024 · index core | 6,684 | $4.9B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Hsbc - North America (U. S.) Tax Reduction Investment Plan (401(k), $4.9B, 6,684 participants)
- Hsbc - North America (U.S.) Pension Plan (Defined Benefit (Pension), $3.3B, 2,447 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Hsbc - North America (U. S.) Tax Reduction Investment Plan by total assets, not by location.
- Chs/Community Health Systems, Inc. Retirement Savings Plan (TN) $4.5B · 62,487
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan (WI) $4.6B · 11,236
- New York Life Insurance Company Employee Progress Sharing Investment Plan (NY) $4.6B · 12,759
- Fidelity National Information Services, Inc. 401(k) Profit Sharing Plan (FL) $4.6B · 22,816
Frequently Asked Questions
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Filing takeaways
Ways to act on Hsbc - North America (U. S.) Tax Reduction Investment Plan's numbers.
- By total assets, Hsbc - North America (U. S.) Tax Reduction Investment 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 Illinois. Compare plans
- Hsbc North America Holdings Inc.'s sponsor-wide assets have grown 9.1% since 2022 across 3 plan years on file. More Management of Enterprises plans