401(k) · DOL Form 5500 · 2023
Eaton Corporation 401(k) Plan
Data updated 2026-08-25
- $7.3B
- Total assets Very large vs avg
- 22,975
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $318,780
- Avg per participant High balance/head
Official DOL plan name: Eaton Savings Plan · Sponsored by Eaton Corporation · Ohio · Manufacturing
$7.3B in assets, 22,975 participants
Eaton Corporation's Eaton Savings Plan reported $7.3B in total assets and 22,975 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.
- #18,644 in Manufacturing (18,722 peers)
Coverage in Ohio
Eaton Savings Plan covers 22,975 participants in Ohio, 30x the typical Ohio plan (state average ~765 per filing). Assets: $7.3B.
- #18,644
- in Manufacturing (18,722 peers)
- +21.0%
- assets growth YoY
- 73×
- vs typical plan assets (national mean)
Eaton Savings Plan's outsized position by total assets
Eaton Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$7,323,966,718 Highest reported value at or above every one 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
Eaton Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Eaton Savings Plan is a mega filing (22,975 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Eaton Savings Plan reported net income rose from -$1.4B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Eaton Savings Plan end-of-year assets rose from $6.1B in the plan year 2022 filing to $7.3B in the plan year 2023 filing.
- Eaton Savings Plan reported participants rose from 21,882 in the plan year 2022 filing to 22,975 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 340196300 · Eaton Corporation PY 2023 · 401(k)
Eaton Savings Plan · $7.3B · 22,975 · 100th
- BOOK $7.3B
- BOOK 22,975
- BOOK 100th
- BOOK 401(k)
- BOOK near Salesforce 401(k) Plan
- BOOK ind #18644
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 Ohio →
Eaton Savings Plan in the asset neighbourhood
Ohio filing particulars
| Total Assets (Beginning of Year) | $6.1B |
|---|---|
| Net Assets (End of Year) | $7.3B |
| Net Income | $1.3B |
| Employer EIN | 340196300 |
| Plan Effective Date | 1974-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Eaton Corporation)
Sponsor-wide plan assets over time
All Eaton Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $11.1B 24.68091819688474% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 34,855 | $8.9B |
| 2023 | 4 | 61,749 | $16.8B |
| 2024 | 3 | 35,808 | $11.1B |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- GE Retirement Savings Plan $19.5B · 59,766
- The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
- The Progressive 401(k) Plan $9.2B · 56,176
- The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
- Nationwide Savings Plan $7.6B · 24,715
Scale composition for Eaton Savings Plan
Eaton Savings Plan reports $7.3B in end-of-year assets across 22,975 participants (0.059% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.024% of 93,925,755 covered participants) - about $318,780 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2023 was $1.3B.
This plan identity (EIN 340196300, plan #055) has 4 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $6.1B to $8.4B (+38.7%) while covered participants moved from 21,882 to 24,055 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 21,882 | $6.1B | Open filing |
| 2023 | 22,975 | $7.3B | This page |
| 2023 | 26,555 | $6.7B | Open filing |
| 2024 · index core | 24,055 | $8.4B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Eaton Savings Plan (401(k), $8.4B, 24,055 participants)
- Pension Plan for Eaton Corporation Employees (Defined Benefit (Pension), $2.4B, 8,410 participants)
- Eaton Personal Investment Plan (401(k), $225M, 3,343 participants)
Eaton Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Ohio, the nearest 401(k) by assets is Salesforce 401(k) Plan in CA ($7.3B); by covered participants it is Envoy Air Inc. 401(k) Plan in TX (23,007 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($7.3B here).
- Salesforce 401(k) Plan (CA) $7.3B · 41,578
- General Dynamics Corporation 401(k) Qaca Plan (VA) $7.3B · 31,038
- Humana Retirement Savings Plan (KY) $7.4B · 45,938
- Albertsons Companies 401(k) Plan (CA) $7.4B · 220,729
Similar participant headcount
Nearest other-state filings by covered participants (22,975 participants); asset peers above are excluded.
- Envoy Air Inc. 401(k) Plan (TX) 23,007 · 32 off
- Navy Federal 401(k) Savings Plan (VA) 22,916 · 59 off
- Equity League 401(k) Plan (NY) 23,067 · 92 off
- Geisinger System Services 401(k) Savings Plan (PA) 23,124 · 149 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.