401(k) · DOL Form 5500 · 2023
Schwans Shared Services, LLC 401(k) Plan
Data updated 2026-08-11
- $571M
- Total assets
- 5,753
- Participants
- 98th
- Percentile by assets
- $99,240
- Avg per participant
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.
- 98th percentile by assets (of 127,072 plans)
- #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.
- $571M
- total plan assets (2023 EOY)
- 5,753
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $99,240
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Schwan's Company Retirement Savings Plan reports 5,753 participants - 5.1x that state average ($571M EOY assets).
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)
| 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.
Schwan's Company Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Schwan's Company Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Schwan's Company Retirement Savings Plan assets move in 2023? ▼
How have Schwans Shared Services, LLC plan assets changed over time? ▼
Where does Schwan's Company Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Schwan's Company Retirement Savings Plan? ▼
Next read for Schwan's Company Retirement Savings Plan
Filing takeaways
Ways to act on Schwan's Company Retirement Savings Plan's numbers.
- By total assets, Schwan's Company Retirement Savings Plan 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 Minnesota. Compare plans
- Schwans Shared Services, LLC's sponsor-wide assets have grown 29.2% since 2022 across 3 plan years on file. More Manufacturing plans