401(k) · DOL Form 5500 · 2023

Lg Electronics USA, Inc. 401(k) Plan

Data updated 2026-08-25

$384M
Total assets Above avg plan size
2,987
Participants Above avg headcount
97th
Percentile by assets National rank
$128,410
Avg per participant Near avg balance/head
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Official DOL plan name: Lg Electronics Retirement Plan · Sponsored by Lg Electronics USA, Inc. · New Jersey · Manufacturing

$384M in assets, 2,987 participants

Lg Electronics USA, Inc.'s Lg Electronics Retirement Plan reported $384M in total assets and 2,987 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,765 in Manufacturing (18,722 peers)

Coverage in New Jersey

Lg Electronics Retirement Plan covers 2,987 participants in New Jersey, 3.5x the typical New Jersey plan (state average ~844 per filing). Assets: $384M.

#17,765
in Manufacturing (18,722 peers)
+16.0%
assets growth YoY
3.8×
vs typical plan assets (national mean)

Lg Electronics Retirement Plan's outsized position by total assets

Lg Electronics Retirement Plan vs every filed plan by assets

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

$383,562,077 Top 3% higher than 97% 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

Lg Electronics Retirement 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. Lg Electronics Retirement Plan lands in the large band (2,987 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lg Electronics Retirement Plan reported net income rose from -$55M in the plan year 2022 filing to $53M in the plan year 2023 filing.
  • Lg Electronics Retirement Plan end-of-year assets rose from $331M in the plan year 2022 filing to $384M in the plan year 2023 filing.
  • Lg Electronics Retirement Plan reported participants fell from 3,128 in the plan year 2022 filing to 2,987 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 132950311 · Lg Electronics USA, Inc. PY 2023 · 401(k)

Lg Electronics Retirement Plan · $384M · 2,987 · 97th

  • SCH $384M
  • SCH 2,987
  • SCH 97th
  • SCH 401(k)
  • SCH near Bechtel Nr Program Savings Plan
  • SCH ind #17765

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 New Jersey →

Lg Electronics Retirement Plan in the asset neighbourhood

Pro Mach, Inc. Retirement Savings PlanPro Mach, Inc. Retirement Sa…$384MPrincipal Ease 401(k) Plan$384MLg Electronics Retirement PlanLg Electronics Retirement Pl…$384MBechtel Nr Program Savings PlanBechtel Nr Program Savings P…$383MSimpson Manufacturing Co. , Inc. 401(k) Profit Sharing PlanSimpson Manufacturing Co. , …$383M
End-of-year total assets ($M) among Lg Electronics Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$331M
Net Assets (End of Year)$383M
Net Income$53M
Employer EIN132950311
Plan Effective Date1950-04-28
Filing StatusFILING RECEIVED

Sponsor Plan History (Lg Electronics USA, Inc.)

Sponsor-wide plan assets over time

All Lg Electronics USA, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$450M 36.240896802427585% vs 2022
2024 filing year
$300M$350M$400M$450M$500M 202220232024 $331M $450M ▲ +36.2%
Year Plans Participants Total Assets
2022 1 3,128 $331M
2023 1 2,987 $384M
2024 1 3,020 $450M

Nearby 401(k) Plans in New Jersey

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

Lg Electronics Retirement Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Lg Electronics Retirement Plan, Total assets ($B): 0.383562077 · Participants: 2987Lg Electronics Retirement PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Lg Electronics Retirement Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Lg Electronics Retirement Plan side-by-side with 3 peers →

Lg Electronics Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Bechtel Nr Program Savings Plan in PA ($383M); by covered participants it is Webster Bank Retirement Savings Plan in NY (2,988 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($384M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,987 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 Lg Electronics Retirement Plan assets move in 2023? ▼
Lg Electronics Retirement Plan grew sharply - up 16.0% during 2023, from $331M to $384M. Reported net income was $53M.
How have Lg Electronics USA, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lg Electronics USA, Inc.'s sponsor-wide assets grew 36.2%, from $331M to $450M.
Where does Lg Electronics Retirement Plan rank by assets among Form 5500 filers? ▼
Lg Electronics Retirement Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Lg Electronics Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bechtel Nr Program Savings Plan in PA ($383M, 1,082 participants).
Which 401(k) plans cover a similar participant headcount to Lg Electronics Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Webster Bank Retirement Savings Plan in NY (2,988 participants, $1.0B 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 132950311.

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.