401(k) · DOL Form 5500 · 2023
Eaton Corporation 401(k) Plan
Data updated 2026-08-25
- $6.7B
- Total assets Very large vs avg
- 26,555
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $251,789
- Avg per participant Above avg balance/head
Official DOL plan name: Eaton Savings Plan · Sponsored by Eaton Corporation · Ohio · Manufacturing
$6.7B in assets, 26,555 participants
Eaton Corporation's Eaton Savings Plan reported $6.7B in total assets and 26,555 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.
- #18,636 in Manufacturing (18,722 peers)
Coverage in Ohio
Eaton Savings Plan covers 26,555 participants in Ohio, 35x the typical Ohio plan (state average ~765 per filing). Assets: $6.7B.
- #18,636
- in Manufacturing (18,722 peers)
- +10.4%
- assets growth YoY
- 67×
- 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
$6,686,250,371 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 (26,555 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 $629M in the plan year 2023 filing.
- Eaton Savings Plan reported participants rose from 21,882 in the plan year 2022 filing to 26,555 in the plan year 2023 filing.
- Eaton Savings Plan end-of-year assets rose from $6.1B in the plan year 2022 filing to $6.7B in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 340196300 · Eaton Corporation PY 2023 · 401(k)
Eaton Savings Plan · $6.7B · 26,555 · 100th
- ASSETS $6.7B
- ASSETS 26,555
- ASSETS 100th
- ASSETS 401(k)
- ASSETS near Marsh & Mclennan Companies 401(k) Savings and Investment Plan
- ASSETS ind #18636
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) | $6.7B |
| Net Income | $629M |
| 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 $6.7B in end-of-year assets across 26,555 participants (0.054% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $251,789 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2023 was $629M.
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 | Open filing |
| 2023 | 26,555 | $6.7B | This page |
| 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 Marsh & Mclennan Companies 401(k) Savings and Investment Plan in NY ($6.7B); by covered participants it is Textron Savings Plan in RI (26,580 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($6.7B here).
- Marsh & Mclennan Companies 401(k) Savings and Investment Plan (NY) $6.7B · 18,101
- Conocophillips Savings Plan (TX) $6.8B · 6,260
- Allstate 401(k) Savings Plan (TX) $6.8B · 40,638
- Stryker Corporation 401(k) Savings and Retirement Plan (MI) $6.6B · 24,750
Similar participant headcount
Nearest other-state filings by covered participants (26,555 participants); asset peers above are excluded.
- Textron Savings Plan (RI) 26,580 · 25 off
- Kellermeyer Bergensons Services Savings & Protection Plan (CA) 26,521 · 34 off
- American Express Retirement Savings Plan (NY) 26,493 · 62 off
- The 401(k) Plan (TX) 26,627 · 72 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.