401(k) · DOL Form 5500 · 2023

American Axle & Manufacturing, Inc. 401(k) Plan

Data updated 2026-08-11

$245M
Total assets: 3,902
Participants: 95th
Percentile by assets: $62,757
Avg per participant

Official DOL plan name: American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates · Sponsored by American Axle & Manufacturing, Inc. · Michigan · Manufacturing

$245M in assets, 3,902 participants

American Axle & Manufacturing, Inc.'s American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reported $245M in total assets and 3,902 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 127,072 plans)
#17,392 in Manufacturing (18,722 peers)

Coverage in Michigan

American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates covers 3,902 participants in Michigan, 6.1x the typical Michigan plan (state average ~638 per filing). Assets: $245M.

$245M
total plan assets (2023 EOY): 3,902
covered participants: 95th
percentile by assets (of 127,072 plans): $62,757
avg assets per participant

American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reported net income rose from -$57M in the plan year 2022 filing to $24M in the plan year 2023 filing.
American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reported participants fell from 6,431 in the plan year 2022 filing to 3,902 in the plan year 2023 filing.
American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates end-of-year assets rose from $217M in the plan year 2022 filing to $245M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Manufacturing

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates reports 3,902 participants - 6.1x that state average ($245M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$217M
Net Assets (End of Year)	$245M
Net Income	$24M
Employer EIN	383138388
Plan Effective Date	1994-03-01
Filing Status	FILING RECEIVED

Sponsor Plan History (American Axle & Manufacturing, Inc.)

Total plan assets by year, all American Axle & Manufacturing, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	3	9,599	$1.0B
2023	3	6,499	$1.2B
2024	3	6,788	$1.2B

Nearby 401(k) Plans in Michigan

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

American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates vs. nearby 401(k) plans in Michigan, assets vs. participants

General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195

Compare American Axle & Manufacturing, Inc. Pers… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates by total assets, not by location.

Portsmouth D&d 401(k) Savings Plan (OH) $245M · 1,415
Nfi Industries, Inc. Employee Retirement Savings Plan (NJ) $245M · 15,956
Organon U.S. Savings Plan (NJ) $245M · 1,669
Silgan Retirement Savings Plan for Hourly Employees (CA) $245M · 3,435

Frequently Asked Questions

How did American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates assets move in 2023? ▼

American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates grew at a solid clip - up 12.7% during 2023, from $217M to $245M. Reported net income was $24M.

How have American Axle & Manufacturing, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), American Axle & Manufacturing, Inc.'s sponsor-wide assets grew 19.9%, from $1.0B to $1.2B.

Where does American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates rank by assets among Form 5500 filers? ▼

American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates ranks in the 95th 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 American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates? ▼

Among 401(k) plans in other states, the closest by assets is Portsmouth D&d 401(k) Savings Plan in OH ($245M, 1,415 participants).

Next read for American Axle & Manufacturing, Inc. Pers…

Filing takeaways

Ways to act on American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates's numbers.

By total assets, American Axle & Manufacturing, Inc. Personal Savings Plan for Hourly-Rate Associates ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
American Axle & Manufacturing, Inc.'s sponsor-wide assets have grown 19.9% since 2022 across 3 plan years on file. More Manufacturing plans

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 383138388.