401(k) · DOL Form 5500 · 2023
Eaton Corporation 401(k) Plan
Data updated 2026-08-11
- $6.7B
- Total assets
- 26,555
- Participants
- 100th
- Percentile by assets
- $251,789
- Avg per participant
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.
- 100th percentile by assets (of 127,072 plans)
- #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.
- $6.7B
- total plan assets (2023 EOY)
- 26,555
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $251,789
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. Eaton Savings Plan reports 26,555 participants - 35x that state average ($6.7B EOY assets).
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)
| 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.
Eaton Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Eaton Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Eaton Savings Plan assets move in 2023? ▼
How have Eaton Corporation plan assets changed over time? ▼
Where does Eaton Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Eaton Savings Plan? ▼
Next read for Eaton Savings Plan
Filing takeaways
Ways to act on Eaton Savings Plan's numbers.
- By total assets, Eaton Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Eaton Corporation's sponsor-wide assets have grown 24.7% since 2022 across 3 plan years on file. More Manufacturing plans