401(k) · DOL Form 5500 · 2023

Usic, LLC 401(k) Plan

Data updated 2026-08-11

$177M
Total assets
11,405
Participants
94th
Percentile by assets
$15,488
Avg per participant
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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.

  • 94th percentile by assets (of 127,072 plans)
  • #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.

$177M
total plan assets (2023 EOY)
11,405
covered participants
94th
percentile by assets (of 127,072 plans)
$15,488
avg assets per participant

Where Usic 401(k) Savings Plan sits 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 $2,010,000,000 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

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 →

State
Indiana
Industry
Utilities

Participants vs Indiana filers

In Indiana, the average filing covers about 541 participants across 2,302 plans. Usic 401(k) Savings Plan reports 11,405 participants - 21x that state average ($177M EOY assets).

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)

$120M$140M$160M$180M$200M$220M 202220232024 $143M $207M ▲ +44.9%
Total plan assets by year, all Usic, LLC plans on file
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 ($B) Participants Usic 401(k) Savings …, Total assets ($B): 0.176635635 · Participants: 11405Usic 401(k) Savings …The Lilly Employee 4…, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 4…Elevance Health 401(…, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(…Cummins Retirement a…, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement a…Iu Health 401(k) Sav…, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Sav…Steel Dynamics, Inc.…, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc.…
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:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Usic 401(k) Savings Plan by total assets, not by location.

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).

Next read for Usic 401(k) Savings Plan

Filing takeaways

Ways to act on Usic 401(k) Savings Plan's numbers.

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.