401(k) · DOL Form 5500 · 2023

Usic, LLC 401(k) Plan

Data updated 2026-08-25

$177M
Total assets Near avg plan size
11,405
Participants Very large workforce
94th
Percentile by assets National rank
$15,488
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Usic 401(k) Savings Plan · Sponsored by Usic, LLC · Indiana · Utilities

$177M in assets, 11,405 participants

Usic, LLC's Usic 401(k) Savings Plan reported $177M in total assets and 11,405 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #500 in Utilities (721 peers)

Coverage in Indiana

Usic 401(k) Savings Plan covers 11,405 participants in Indiana, 21x the typical Indiana plan (state average ~541 per filing). Assets: $177M.

#500
in Utilities (721 peers)
+23.8%
assets growth YoY
1.8×
vs typical plan assets (national mean)

Usic 401(k) Savings Plan's outsized position by total assets

Usic 401(k) Savings Plan vs every filed plan by assets

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

$176,635,635 Top 6% higher than 94% 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

Usic 401(k) 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. Usic 401(k) Savings Plan is a mega filing (11,405 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Usic 401(k) Savings Plan reported net income rose from -$18M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Usic 401(k) Savings Plan end-of-year assets rose from $143M in the plan year 2022 filing to $177M in the plan year 2023 filing.
  • Usic 401(k) Savings Plan reported participants rose from 10,036 in the plan year 2022 filing to 11,405 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 262212803 · Usic, LLC PY 2023 · 401(k)

Usic 401(k) Savings Plan · $177M · 11,405 · 94th

  • BOY $177M
  • BOY 11,405
  • BOY 94th
  • BOY 401(k)
  • BOY near The Arxada 401(k) Plan
  • BOY ind #500

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 Utilities retirement plans → · Plans in Indiana →

Usic 401(k) Savings Plan in the asset neighbourhood

Reh Services 401(k) Plan$177MUsic 401(k) Savings Plan$177MThe Arxada 401(k) Plan$177MEcmc Group 401(k) Plan$177MWarren Averett Companies, LLC Profit Sharing PlanWarren Averett Companies, LL…$177M
End-of-year total assets ($M) among Usic 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$143M
Net Assets (End of Year)$177M
Net Income$34M
Employer EIN262212803
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Usic, LLC)

Sponsor-wide plan assets over time

All Usic, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$207M 44.88175041499258% vs 2022
2024 filing year
$120M$140M$160M$180M$200M$220M 202220232024 $143M $207M ▲ +44.9%
Year Plans Participants Total Assets
2022 1 10,036 $143M
2023 1 11,405 $177M
2024 1 11,341 $207M

Nearby 401(k) Plans in Indiana

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

Usic 401(k) Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 -5051015 Total assets ($B) Participants Usic 401(k) Savings Plan, Total assets ($B): 0.176635635 · Participants: 11405Usic 401(k) Savings PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Usic 401(k) Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Usic 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Usic 401(k) Savings Plan

Usic 401(k) Savings Plan reports $177M in end-of-year assets across 11,405 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $15,488 per participant (11% of the national average assets-per-participant) . Net income for plan year 2023 was $34M.

This plan identity (EIN 262212803, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $143M to $207M (+44.9%) while covered participants moved from 10,036 to 11,341 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 10,036 $143M Open filing
2023 11,405 $177M This page
2024 · index core 11,341 $207M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Usic 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is The Arxada 401(k) Plan in NJ ($177M); by covered participants it is Lnc Employees' 401(k) Savings Plan in PA (11,410 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($177M here).

Similar participant headcount

Nearest other-state filings by covered participants (11,405 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 Usic 401(k) Savings Plan assets move in 2023? ▼
Usic 401(k) Savings Plan grew sharply - up 23.8% during 2023, from $143M to $177M. Reported net income was $34M.
How have Usic, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Usic, LLC's sponsor-wide assets grew 44.9%, from $143M to $207M.
Where does Usic 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Usic 401(k) Savings Plan ranks in the 94th 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 Usic 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Arxada 401(k) Plan in NJ ($177M, 701 participants).
Which 401(k) plans cover a similar participant headcount to Usic 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lnc Employees' 401(k) Savings Plan in PA (11,410 participants, $3.2B 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 262212803.

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.