401(k) · DOL Form 5500 · 2023
Trane U.S. Inc. 401(k) Plan
Data updated 2026-08-11
- $212M
- Total assets
- 5,373
- Participants
- 95th
- Percentile by assets
- $39,446
- Avg per participant
Official DOL plan name: Trane 401(k) and Thrift Plan · Sponsored by Trane U.S. Inc. · North Carolina · Manufacturing
$212M in assets, 5,373 participants
Trane U.S. Inc.'s Trane 401(k) and Thrift Plan reported $212M in total assets and 5,373 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)
- #17,247 in Manufacturing (18,722 peers)
Coverage in North Carolina
Trane 401(k) and Thrift Plan covers 5,373 participants in North Carolina, 6.6x the typical North Carolina plan (state average ~819 per filing). Assets: $212M.
- $212M
- total plan assets (2023 EOY)
- 5,373
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $39,446
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Trane 401(k) and Thrift Plan reported net income rose from -$45M in the plan year 2022 filing to $37M in the plan year 2023 filing.
- Trane 401(k) and Thrift Plan end-of-year assets rose from $175M in the plan year 2022 filing to $212M in the plan year 2023 filing.
- Trane 401(k) and Thrift Plan reported participants fell from 5,490 in the plan year 2022 filing to 5,373 in the plan year 2023 filing.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Trane 401(k) and Thrift Plan reports 5,373 participants - 6.6x that state average ($212M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $175M |
|---|---|
| Net Assets (End of Year) | $212M |
| Net Income | $37M |
| Employer EIN | 250900465 |
| Plan Effective Date | 1983-08-15 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trane U.S. Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 8,212 | $950M |
| 2023 | 4 | 7,821 | $1.0B |
| 2024 | 4 | 7,468 | $989M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Trane 401(k) and Thrift Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
Scale composition for Trane 401(k) and Thrift Plan
Trane 401(k) and Thrift Plan reports $212M in end-of-year assets across 5,373 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $39,446 per participant (29% of the national average assets-per-participant) . Net income for plan year 2023 was $37M.
This plan identity (EIN 250900465, plan #043) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $175M to $248M (+41.8%) while covered participants moved from 5,490 to 5,197 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,490 | $175M | Open filing |
| 2023 | 5,373 | $212M | This page |
| 2024 · index core | 5,197 | $248M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- The Trane Merged Hourly Pension Plan (Defined Benefit (Pension), $726M, 1,100 participants)
- Trane 401(k) and Thrift Plan (401(k), $248M, 5,197 participants)
- Trane Pension Plan (Defined Benefit (Pension), $14M, 1,171 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Trane 401(k) and Thrift Plan by total assets, not by location.
- Afscme Employees Salary Savings Plan (DC) $212M · N/A
- Quinn Group, Inc. Retirement Plan (CA) $212M · 1,449
- Mueller Group, LLC Retirement Savings Plan No. 1 (GA) $212M · 1,636
- Schiff Hardin LLP Incentive Savings 401(k) Plan (DC) $212M · 356
Frequently Asked Questions
How did Trane 401(k) and Thrift Plan assets move in 2023? ▼
How have Trane U.S. Inc. plan assets changed over time? ▼
Where does Trane 401(k) and Thrift Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Trane 401(k) and Thrift Plan? ▼
Next read for Trane 401(k) and Thrift Plan
Filing takeaways
Ways to act on Trane 401(k) and Thrift Plan's numbers.
- By total assets, Trane 401(k) and Thrift 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 North Carolina. Compare plans
- Trane U.S. Inc.'s sponsor-wide assets have grown 4.1% since 2022 across 3 plan years on file. More Manufacturing plans