401(k) · DOL Form 5500 · 2023

Microchip Technology Incorporated 401(k) Plan

Data updated 2026-08-25

$1.4B
Total assets Very large vs avg
6,751
Participants Above avg headcount
99th
Percentile by assets National rank
$208,147
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,375
in Manufacturing (18,722 peers)
+24.8%
assets growth YoY
14×
vs typical plan assets (national mean)

Microchip Technology Incorporated Savings Plan's outsized position 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

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

Microchip Technology Incorporated 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. Microchip Technology Incorporated Savings Plan lands in the large band (6,751 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 860629024 · Microchip Technology Incorporated PY 2023 · 401(k)

Microchip Technology Incorporated Savings Plan · $1.4B · 6,751 · 99th

  • EIN $1.4B
  • RANK 6,751
  • PHOTO 99th
  • IND 401(k)
  • EOY near Beth Israel Deaconess Medical Center, Inc 401(k) Savings and Investment Plan
  • 5500 ind #18375

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 Arizona →

Microchip Technology Incorporated Savings Plan in the asset neighbourhood

Microchip Technology Incorporated Savings PlanMicrochip Technology Incorpo…$1.4BMedline Industries, LP Retirement PlanMedline Industries, LP Retir…$1.4BGeorgia-Pacific LLC Hourly 401(k) PlanGeorgia-Pacific LLC Hourly 4…$1.4BBeth Israel Deaconess Medical Center, Inc 401(k) Savings and Investment PlanBeth Israel Deaconess Medica…$1.4BLennar Corporation 401(k) PlanLennar Corporation 401(k) Pl…$1.4B
End-of-year total assets ($B) among Microchip Technology Incorporated Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.4B
Net Income$279M
Employer EIN860629024
Plan Effective Date1989-03-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Microchip Technology Incorporated)

Sponsor-wide plan assets over time

All Microchip Technology Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$1.6B 43.03614254059102% vs 2022
2024 filing year
$1B$1.2B$1.4B$1.6B$1.8B 202220232024 $1.13B $1.61B ▲ +42.5%
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 Scatter plot of 6 data points. 0200004000060000 123456 Total assets ($B) Participants Microchip Technology Incorporated Savings Plan, Total assets ($B): 1.405197778 · Participants: 6751Microchip Technology Incorporated Savings PlanBechtel Trust & Thrift Plan, Total assets ($B): 5.691074806 · Participants: 7448Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.270882725 · Participants: 52452Banner Health Employees 401(k) PlanRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.379834679 · Participants: 28131Republic Services, Inc. 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.323111586 · Participants: 13105Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramStantec 401(k) Plan, Total assets ($B): 2.021683156 · Participants: 10719Stantec 401(k) Plan
Microchip Technology Incorporated Savings Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
Compare Microchip Technology Incorporated Savings Plan side-by-side with 3 peers →

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

Outside Arizona, the nearest 401(k) by assets is Beth Israel Deaconess Medical Center, Inc 401(k) Savings and Investment Plan in MA ($1.4B); by covered participants it is The Marvin Companies Profit Sharing and 401(k) Plan in MN (6,761 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (6,751 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 Microchip Technology Incorporated Savings Plan assets move in 2023? ▼
Microchip Technology Incorporated Savings Plan grew sharply - up 24.8% during 2023, from $1.1B to $1.4B. Reported net income was $279M.
How have Microchip Technology Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Microchip Technology Incorporated's sponsor-wide assets grew 43.0%, from $1.1B to $1.6B.
Where does Microchip Technology Incorporated Savings Plan rank by assets among Form 5500 filers? ▼
Microchip Technology Incorporated Savings Plan ranks in the 99th 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 Microchip Technology Incorporated Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Beth Israel Deaconess Medical Center, Inc 401(k) Savings and Investment Plan in MA ($1.4B, 13,896 participants).
Which 401(k) plans cover a similar participant headcount to Microchip Technology Incorporated Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Marvin Companies Profit Sharing and 401(k) Plan in MN (6,761 participants, $592M 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 860629024.

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.