401(k) · DOL Form 5500 · 2023
Schwans Shared Services, LLC 401(k) Plan
Data updated 2026-08-25
- $571M
- Total assets Above avg plan size
- 5,753
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $99,240
- Avg per participant Below avg balance/head
Official DOL plan name: Schwan's Company Retirement Savings Plan · Sponsored by Schwans Shared Services, LLC · Minnesota · Manufacturing
$571M in assets, 5,753 participants
Schwans Shared Services, LLC's Schwan's Company Retirement Savings Plan reported $571M in total assets and 5,753 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- #18,012 in Manufacturing (18,722 peers)
Coverage in Minnesota
Schwan's Company Retirement Savings Plan covers 5,753 participants in Minnesota, 5.1x the typical Minnesota plan (state average ~1,126 per filing). Assets: $571M.
- #18,012
- in Manufacturing (18,722 peers)
- +16.6%
- assets growth YoY
- 5.7×
- vs typical plan assets (national mean)
Schwan's Company Retirement Savings Plan's outsized position by total assets
Schwan's Company Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$570,926,276 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Schwan's Company Retirement Savings 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. Schwan's Company Retirement Savings Plan lands in the large band (5,753 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Schwan's Company Retirement Savings Plan reported net income rose from -$118M in the plan year 2022 filing to $60M in the plan year 2023 filing.
- Schwan's Company Retirement Savings Plan end-of-year assets rose from $489M in the plan year 2022 filing to $571M in the plan year 2023 filing.
- Schwan's Company Retirement Savings Plan reported participants fell from 6,537 in the plan year 2022 filing to 5,753 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 810572771 · Schwans Shared Services, LLC PY 2023 · 401(k)
Schwan's Company Retirement Savings Plan · $571M · 5,753 · 98th
- VS-ST $571M
- VS-ST 5,753
- VS-ST 98th
- VS-ST 401(k)
- VS-ST near Llns 401(k) Savings Plan
- VS-ST ind #18012
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 Minnesota →
Schwan's Company Retirement Savings Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $489M |
|---|---|
| Net Assets (End of Year) | $570M |
| Net Income | $60M |
| Employer EIN | 810572771 |
| Plan Effective Date | 1964-09-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Schwans Shared Services, LLC)
Sponsor-wide plan assets over time
All Schwans Shared Services, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $632M 29.186943173163186% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,537 | $489M |
| 2023 | 1 | 5,753 | $571M |
| 2024 | 1 | 8,706 | $632M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Scale composition for Schwan's Company Retirement Savings Plan
Schwan's Company Retirement Savings Plan reports $571M in end-of-year assets across 5,753 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $99,240 per participant (72% of the national average assets-per-participant) . Net income for plan year 2023 was $60M.
This plan identity (EIN 810572771, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $489M to $632M (+29.2%) while covered participants moved from 6,537 to 8,706 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,537 | $489M | Open filing |
| 2023 | 5,753 | $571M | This page |
| 2024 · index core | 8,706 | $632M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Schwan's Company Retirement Savings Plan (401(k), $632M, 8,706 participants)
Schwan's Company Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Llns 401(k) Savings Plan in CA ($571M); by covered participants it is Johns Manville Employees 401(k) Plan in CO (5,755 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($571M here).
- Llns 401(k) Savings Plan (CA) $571M · 1,425
- Valeo, Inc Retirement Savings Plan (MI) $571M · 4,281
- Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan (OK) $572M · 1,192
- Copeland Employee Savings Investment Plan (MO) $570M · 4,477
Similar participant headcount
Nearest other-state filings by covered participants (5,753 participants); asset peers above are excluded.
- Johns Manville Employees 401(k) Plan (CO) 5,755 · 2 off
- Paycom 401(k) Plan (OK) 5,759 · 6 off
- The Beautiful Group 401 (K) Retirement Savings Plan (CA) 5,759 · 6 off
- Crane Savings and Investment Plan (CT) 5,760 · 7 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.