401(k) · DOL Form 5500 · 2023
Microchip Technology Incorporated 401(k) Plan
Data updated 2026-08-11
- $1.4B
- Total assets
- 6,751
- Participants
- 99th
- Percentile by assets
- $208,147
- Avg per participant
Official DOL plan name: Microchip Technology Incorporated Savings Plan · Sponsored by Microchip Technology Incorporated · Arizona · Manufacturing
$1.4B in assets, 6,751 participants
Microchip Technology Incorporated's Microchip Technology Incorporated Savings Plan reported $1.4B in total assets and 6,751 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)
- #18,375 in Manufacturing (18,722 peers)
Coverage in Arizona
Microchip Technology Incorporated Savings Plan covers 6,751 participants in Arizona, 12x the typical Arizona plan (state average ~564 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2023 EOY)
- 6,751
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $208,147
- avg assets per participant
Where Microchip Technology Incorporated Savings Plan sits by total assets
Microchip Technology Incorporated Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,405,197,778 Top 1% higher than 99% 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
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Microchip Technology Incorporated Savings Plan reported net income rose from -$232M in the plan year 2022 filing to $279M in the plan year 2023 filing.
- Microchip Technology Incorporated 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.
- Microchip Technology Incorporated Savings Plan reported participants rose from 6,310 in the plan year 2022 filing to 6,751 in the plan year 2023 filing.
Participants vs Arizona filers
In Arizona, the average filing covers about 564 participants across 2,304 plans. Microchip Technology Incorporated Savings Plan reports 6,751 participants - 12x that state average ($1.4B EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | $279M |
| Employer EIN | 860629024 |
| Plan Effective Date | 1989-03-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Microchip Technology Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,310 | $1.1B |
| 2023 | 1 | 6,751 | $1.4B |
| 2024 | 1 | 7,051 | $1.6B |
Nearby 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Microchip Technology Incorporated Savings Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
- Bechtel Trust & Thrift Plan $5.7B · 7,448
- Banner Health Employees 401(k) Plan $4.3B · 52,452
- Republic Services, Inc. 401(k) Plan $2.4B · 28,131
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.3B · 13,105
- Stantec 401(k) Plan $2.0B · 10,719
Scale composition for Microchip Technology Incorporated Savings Plan
Microchip Technology Incorporated Savings Plan reports $1.4B in end-of-year assets across 6,751 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $208,147 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2023 was $279M.
This plan identity (EIN 860629024, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.6B (+43.0%) while covered participants moved from 6,310 to 7,051 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,310 | $1.1B | Open filing |
| 2023 | 6,751 | $1.4B | This page |
| 2024 · index core | 7,051 | $1.6B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Microchip Technology Incorporated Savings Plan (401(k), $1.6B, 7,051 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Microchip Technology Incorporated Savings Plan by total assets, not by location.
- Beth Israel Deaconess Medical Center, Inc 401(k) Savings and Investment Plan (MA) $1.4B · 13,896
- Medline Industries, LP Retirement Plan (IL) $1.4B · 20,330
- Lennar Corporation 401(k) Plan (FL) $1.4B · 10,681
- Georgia-Pacific LLC Hourly 401(k) Plan (GA) $1.4B · 16,894
Frequently Asked Questions
How did Microchip Technology Incorporated Savings Plan assets move in 2023? ▼
How have Microchip Technology Incorporated plan assets changed over time? ▼
Where does Microchip Technology Incorporated Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Microchip Technology Incorporated Saving…
Filing takeaways
Ways to act on Microchip Technology Incorporated Savings Plan's numbers.
- By total assets, Microchip Technology Incorporated 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 Arizona. Compare plans
- Microchip Technology Incorporated's sponsor-wide assets have grown 43.0% since 2022 across 3 plan years on file. More Manufacturing plans