401(k) · DOL Form 5500 · 2023
Trane U.S. Inc. 401(k) Plan
Data updated 2026-08-25
- $212M
- Total assets Near avg plan size
- 5,373
- Participants Above avg headcount
- 95th
- Percentile by assets National rank
- $39,446
- Avg per participant Low balance/head
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.
- #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.
- #17,247
- in Manufacturing (18,722 peers)
- +21.0%
- assets growth YoY
- 2.1×
- vs typical plan assets (national mean)
Trane 401(k) and Thrift Plan's outsized position by total assets
Trane 401(k) and Thrift Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$211,945,524 Top 5% higher than 95% 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
Trane 401(k) and Thrift 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. Trane 401(k) and Thrift Plan lands in the large band (5,373 participants).
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.
DOL schedule card
Filing strip 250900465 · Trane U.S. Inc. PY 2023 · 401(k)
Trane 401(k) and Thrift Plan · $212M · 5,373 · 95th
- SCH $212M
- SCH 5,373
- SCH 95th
- SCH 401(k)
- SCH near Afscme Employees Salary Savings Plan
- SCH ind #17247
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 North Carolina →
Trane 401(k) and Thrift Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Trane U.S. Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $989M 4.1050147401444805% vs 2022
- 2024 filing year
| 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.
- 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)
Trane 401(k) and Thrift Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Afscme Employees Salary Savings Plan in DC ($212M); by covered participants it is Gypsum Management and Supply, Inc. 401(k) Savings Plan in GA (5,372 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($212M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (5,373 participants); asset peers above are excluded.
- Gypsum Management and Supply, Inc. 401(k) Savings Plan (GA) 5,372 · 1 off
- ERISA Partners, Inc. Pooled Employer Plan (TN) 5,372 · 1 off
- Brotherhood of Locomotive Engineers 401(k) Savings Employees of Csx Transportation Inc. (NY) 5,375 · 2 off
- Central Employees Savings Plan (MI) 5,379 · 6 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.