401(k) · DOL Form 5500 · 2023
Seagate U.S. LLC 401(k) Plan
Data updated 2026-08-11
- $2.1B
- Total assets
- 4,188
- Participants
- 99th
- Percentile by assets
- $510,068
- Avg per participant
Official DOL plan name: Seagate 401(k) Plan · Sponsored by Seagate U.S. LLC · California · Manufacturing
$2.1B in assets, 4,188 participants
Seagate U.S. LLC's Seagate 401(k) Plan reported $2.1B in total assets and 4,188 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #18,493 in Manufacturing (18,722 peers)
Coverage in California
Seagate 401(k) Plan covers 4,188 participants in California, 6.6x the typical California plan (state average ~630 per filing). Assets: $2.1B.
- $2.1B
- total plan assets (2023 EOY)
- 4,188
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $510,068
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Seagate 401(k) Plan reported net income rose from -$510M in the plan year 2022 filing to $143M in the plan year 2023 filing.
- Seagate 401(k) Plan end-of-year assets rose from $2.0B in the plan year 2022 filing to $2.1B in the plan year 2023 filing.
- Seagate 401(k) Plan reported participants fell from 4,483 in the plan year 2022 filing to 4,188 in the plan year 2023 filing.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Seagate 401(k) Plan reports 4,188 participants - 6.6x that state average ($2.1B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | $143M |
| Employer EIN | 770545987 |
| Plan Effective Date | 1986-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Seagate U.S. LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 4,483 | $2.0B |
| 2023 | 1 | 4,188 | $2.1B |
| 2024 | 1 | 3,205 | $2.3B |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Seagate 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
- Wells Fargo & Company 401(k) Plan $51.8B · 193,919
- Google LLC 401(k) Savings Plan $39.0B · 122,867
- Oracle Corporation 401(k) Savings and Investment Plan $26.3B · 63,105
- Intel 401(k) Savings Plan $22.2B · 59,863
- Apple 401(k) Plan $19.8B · 106,111
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Seagate 401(k) Plan by total assets, not by location.
- Henkel 401(k) and Defined Contribution Plan (CT) $2.1B · 7,579
- Teva Pharmaceuticals Retirement Savings Plan (NJ) $2.1B · 5,360
- Mars Veterinary Health 401(k) Savings Plan (NJ) $2.1B · 33,604
- Alaska Airlines, Inc. Pilots Investment and Savings Plan (WA) $2.2B · 3,333
Frequently Asked Questions
How did Seagate 401(k) Plan assets move in 2023? ▼
How have Seagate U.S. LLC plan assets changed over time? ▼
Where does Seagate 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Seagate 401(k) Plan? ▼
Next read for Seagate 401(k) Plan
Filing takeaways
Ways to act on Seagate 401(k) Plan's numbers.
- By total assets, Seagate 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
- Seagate U.S. LLC's sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Manufacturing plans