401(k) · DOL Form 5500 · 2023

Hsbc North America Holdings Inc. 401(k) Plan

Data updated 2026-08-25

$4.5B
Total assets Very large vs avg
6,992
Participants Above avg headcount
100th
Percentile by assets National rank
$644,612
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#1,124
in Management of Enterprises (1,137 peers)
+12.6%
assets growth YoY
45×
vs typical plan assets (national mean)

Hsbc - North America (U. S.) Tax Reduction Investment Plan's outsized position by total assets

Hsbc - North America (U. S.) Tax Reduction Investment Plan vs every filed plan by assets

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

$4,507,125,783 Highest reported value at or above every one 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

Hsbc - North America (U. S.) Tax Reduction Investment 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. Hsbc - North America (U. S.) Tax Reduction Investment Plan lands in the large band (6,992 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 232186091 · Hsbc North America Holdings Inc. PY 2023 · 401(k)

Hsbc - North America (U. S.) Tax Reduction Investment Plan · $4.5B · 6,992 · 100th

  • EOY $4.5B
  • EOY 6,992
  • EOY 100th
  • EOY 401(k)
  • EOY near Chs/Community Health Systems, Inc. Retirement Savings Plan
  • EOY ind #1124

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 Management of Enterprises retirement plans → · Plans in Illinois →

Hsbc - North America (U. S.) Tax Reduction Investment Plan in the asset neighbourhood

Fidelity National Information Services, Inc. 401(k) Profit Sharing PlanFidelity National Informatio…$4.6BNew York Life Insurance Company Employee Progress Sharing Investment PlanNew York Life Insurance Comp…$4.6BKimberly-Clark Corporation 401(k) & Profit Sharing PlanKimberly-Clark Corporation 4…$4.6BChs/Community Health Systems, Inc. Retirement Savings PlanChs/Community Health Systems…$4.5BHsbc - North America (U. S.) Tax Reduction Investment PlanHsbc - North America (U. S.)…$4.5B
End-of-year total assets ($B) among Hsbc - North America (U. S.) Tax Reduction Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$4.0B
Net Assets (End of Year)$4.5B
Net Income$504M
Employer EIN232186091
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hsbc North America Holdings Inc.)

Sponsor-wide plan assets over time

All Hsbc North America Holdings Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8.2B 9.105005227907393% vs 2022
2024 filing year
$7B$7.5B$8B$8.5B 202220232024 $7.52B $8.2B ▲ +9.0%
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 Scatter plot of 6 data points. -1000000100000200000300000 05101520 Total assets ($B) Participants Hsbc - North America (U. S.) Tax Reduction Investment Plan, Total assets ($B): 4.507125783 · Participants: 6992Hsbc - North America (U. S.) Tax Reduction Investment PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Hsbc - North America (U. S.) Tax Reduction Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Hsbc - North America (U. S.) Tax Reduction Investment Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Chs/Community Health Systems, Inc. Retirement Savings Plan in TN ($4.5B); by covered participants it is Novo Nordisk Inc. 401(k) Savings Plan in NJ (6,993 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (6,992 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 Hsbc - North America (U. S.) Tax Reduction Investment Plan assets move in 2023? ▼
Hsbc - North America (U. S.) Tax Reduction Investment Plan grew at a solid clip - up 12.6% during 2023, from $4.0B to $4.5B. Reported net income was $504M.
How have Hsbc North America Holdings Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hsbc North America Holdings Inc.'s sponsor-wide assets grew 9.1%, from $7.5B to $8.2B.
Where does Hsbc - North America (U. S.) Tax Reduction Investment Plan rank by assets among Form 5500 filers? ▼
Hsbc - North America (U. S.) Tax Reduction Investment Plan ranks in the 100th 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 Hsbc - North America (U. S.) Tax Reduction Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Chs/Community Health Systems, Inc. Retirement Savings Plan in TN ($4.5B, 62,487 participants).
Which 401(k) plans cover a similar participant headcount to Hsbc - North America (U. S.) Tax Reduction Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Novo Nordisk Inc. 401(k) Savings Plan in NJ (6,993 participants, $2.3B 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 232186091.

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.