401(k) · DOL Form 5500 · 2023

Volvo Car USA LLC 401(k) Plan

Data updated 2026-08-25

$272M
Total assets Near avg plan size
2,331
Participants Above avg headcount
96th
Percentile by assets National rank
$116,777
Avg per participant Below avg balance/head
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Official DOL plan name: Volvo Cars Employees' Savings Trust Plan · Sponsored by Volvo Car USA LLC · New Jersey · Manufacturing

$272M in assets, 2,331 participants

Volvo Car USA LLC's Volvo Cars Employees' Savings Trust Plan reported $272M in total assets and 2,331 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,490 in Manufacturing (18,722 peers)

Coverage in New Jersey

Volvo Cars Employees' Savings Trust Plan covers 2,331 participants in New Jersey, 2.8x the typical New Jersey plan (state average ~844 per filing). Assets: $272M.

#17,490
in Manufacturing (18,722 peers)
+19.5%
assets growth YoY
2.7×
vs typical plan assets (national mean)

Volvo Cars Employees' Savings Trust Plan's outsized position by total assets

Volvo Cars Employees' Savings Trust Plan vs every filed plan by assets

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

$272,207,742 Top 4% higher than 96% 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

Volvo Cars Employees' Savings Trust Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Volvo Cars Employees' Savings Trust Plan lands in the large band (2,331 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Volvo Cars Employees' Savings Trust Plan reported net income rose from -$62M in the plan year 2022 filing to $50M in the plan year 2023 filing.
  • Volvo Cars Employees' Savings Trust Plan end-of-year assets rose from $228M in the plan year 2022 filing to $272M in the plan year 2023 filing.
  • Volvo Cars Employees' Savings Trust Plan reported participants rose from 2,011 in the plan year 2022 filing to 2,331 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 474903750 · Volvo Car USA LLC PY 2023 · 401(k)

Volvo Cars Employees' Savings Trust Plan · $272M · 2,331 · 96th

  • EIN $272M
  • RANK 2,331
  • PHOTO 96th
  • IND 401(k)
  • EOY near Radia, Inc., P.S. 401(k) Plan
  • 5500 ind #17490

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 New Jersey →

Volvo Cars Employees' Savings Trust Plan in the asset neighbourhood

Pkf O'connor Davies, LLP 401(k) Savings & Retirement PlanPkf O'connor Davies, LLP 401…$273MCredit Karma, LLC Retirement TrustCredit Karma, LLC Retirement…$272MRadia, Inc., P.S. 401(k) Plan$272MVolvo Cars Employees' Savings Trust PlanVolvo Cars Employees' Saving…$272MBiotronik/Micro Systems Engineering 401(k) PlanBiotronik/Micro Systems Engi…$272M
End-of-year total assets ($M) among Volvo Cars Employees' Savings Trust Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$228M
Net Assets (End of Year)$272M
Net Income$50M
Employer EIN474903750
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Volvo Car USA LLC)

Sponsor-wide plan assets over time

All Volvo Car USA LLC plans reported in each filing year

Latest sponsor-wide plan assets
$371M 35.516766569685586% vs 2022
2024 filing year
$250M$300M$350M$400M 202220232024 $274M $371M ▲ +35.5%
Year Plans Participants Total Assets
2022 2 2,148 $274M
2023 2 2,453 $318M
2024 2 2,921 $371M

Nearby 401(k) Plans in New Jersey

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

Volvo Cars Employees' Savings Trust Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Volvo Cars Employees' Savings Trust Plan, Total assets ($B): 0.272207742 · Participants: 2331Volvo Cars Employees' Savings Trust PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Volvo Cars Employees' Savings Trust Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Volvo Cars Employees' Savings Trust Plan side-by-side with 3 peers →

Volvo Cars Employees' Savings Trust Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Radia, Inc., P.S. 401(k) Plan in WA ($272M); by covered participants it is On the Border 401(k) Savings Plan in TX (2,331 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($272M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,331 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 Volvo Cars Employees' Savings Trust Plan assets move in 2023? ▼
Volvo Cars Employees' Savings Trust Plan grew sharply - up 19.5% during 2023, from $228M to $272M. Reported net income was $50M.
How have Volvo Car USA LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Volvo Car USA LLC's sponsor-wide assets grew 35.5%, from $274M to $371M.
Where does Volvo Cars Employees' Savings Trust Plan rank by assets among Form 5500 filers? ▼
Volvo Cars Employees' Savings Trust Plan ranks in the 96th 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 Volvo Cars Employees' Savings Trust Plan? ▼
Among 401(k) plans in other states, the closest by assets is Radia, Inc., P.S. 401(k) Plan in WA ($272M, 570 participants).
Which 401(k) plans cover a similar participant headcount to Volvo Cars Employees' Savings Trust Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is On the Border 401(k) Savings Plan in TX (2,331 participants, $13M 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 474903750.

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.