401(k) · DOL Form 5500 · 2023

Hanon Systems USA, LLC 401(k) Plan

Data updated 2026-08-25

$84M
Total assets Below avg plan size
343
Participants Below avg headcount
90th
Percentile by assets National rank
$245,803
Avg per participant Above avg balance/head
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Official DOL plan name: Hanon Systems USA, LLC 401(k) Plan · Sponsored by Hanon Systems USA, LLC · Michigan · Manufacturing

$84M in assets, 343 participants

Hanon Systems USA, LLC's Hanon Systems USA, LLC 401(k) Plan reported $84M in total assets and 343 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,954 in Manufacturing (18,722 peers)

Where Hanon Systems USA, LLC 401(k) Plan sits by assets

Hanon Systems USA, LLC 401(k) Plan sits in the top 10% of all filed plans by assets, $84M for 343 participants (~$245,803/participant), up 32.7% in 2023.

#15,954
in Manufacturing (18,722 peers)
+32.7%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Hanon Systems USA, LLC 401(k) Plan's outsized position by total assets

Hanon Systems USA, LLC 401(k) Plan vs every filed plan by assets

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

$84,310,447 Top 10% higher than 90% 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

Hanon Systems USA, LLC 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hanon Systems USA, LLC 401(k) Plan sits mid-pack in the medium band (343 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hanon Systems USA, LLC 401(k) Plan reported net income rose from -$12M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Hanon Systems USA, LLC 401(k) Plan end-of-year assets rose from $64M in the plan year 2022 filing to $84M in the plan year 2023 filing.
  • Hanon Systems USA, LLC 401(k) Plan reported participants rose from 327 in the plan year 2022 filing to 343 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 611697358 · Hanon Systems USA, LLC PY 2023 · 401(k)

Hanon Systems USA, LLC 401(k) Plan · $84M · 343 · 90th

  • SCH $84M
  • EBSA 343
  • PART 90th
  • TYPE 401(k)
  • NET near Sweetwater 401(k) and Profit Sharing Plan
  • BOOK ind #15954

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 Michigan →

Hanon Systems USA, LLC 401(k) Plan in the asset neighbourhood

Power & Telephone Supply Company 401(k) PlanPower & Telephone Supply Com…$84MSweetwater 401(k) and Profit Sharing PlanSweetwater 401(k) and Profit…$84MMaslon Retirement and Savings PlanMaslon Retirement and Saving…$84MHanon Systems USA, LLC 401(k) PlanHanon Systems USA, LLC 401(k…$84MNeel-Schaffer Engineers and Planners, Inc. 401(k) Plan and TrustNeel-Schaffer Engineers and …$84M
End-of-year total assets ($M) among Hanon Systems USA, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$84M
Net Income$21M
Employer EIN611697358
Plan Effective Date2015-09-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Hanon Systems USA, LLC)

Sponsor-wide plan assets over time

All Hanon Systems USA, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$108M 61.49542753730308% vs 2022
2024 filing year
$60M$80M$100M$120M 202220232024 $66.6M $108M ▲ +61.5%
Year Plans Participants Total Assets
2022 2 561 $67M
2023 2 508 $88M
2024 2 596 $108M

Nearby 401(k) Plans in Michigan

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

Hanon Systems USA, LLC 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Hanon Systems USA, LLC 401(k) Plan, Total assets ($B): 0.084310447 · Participants: 343Hanon Systems USA, LLC 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Hanon Systems USA, LLC 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Hanon Systems USA, LLC 401(k) Plan side-by-side with 3 peers →

Hanon Systems USA, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Sweetwater 401(k) and Profit Sharing Plan in IN ($84M); by covered participants it is Maos, Inc. 401(k) Salary Savings Plan in NY (343 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (343 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 Hanon Systems USA, LLC 401(k) Plan assets move in 2023? ▼
Hanon Systems USA, LLC 401(k) Plan surged - up 32.7% during 2023, from $64M to $84M. Reported net income was $21M.
How have Hanon Systems USA, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hanon Systems USA, LLC's sponsor-wide assets grew 61.5%, from $67M to $108M.
Where does Hanon Systems USA, LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Hanon Systems USA, LLC 401(k) Plan ranks in the 90th 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 Hanon Systems USA, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sweetwater 401(k) and Profit Sharing Plan in IN ($84M, 2,265 participants).
Which 401(k) plans cover a similar participant headcount to Hanon Systems USA, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Maos, Inc. 401(k) Salary Savings Plan in NY (343 participants, N/A 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 611697358.

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.