401(k) · DOL Form 5500 · 2023

Seagate U.S. LLC 401(k) Plan

Data updated 2026-08-25

$2.1B
Total assets Very large vs avg
4,188
Participants Above avg headcount
99th
Percentile by assets National rank
$510,068
Avg per participant High balance/head
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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.

  • #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.

#18,493
in Manufacturing (18,722 peers)
+7.2%
assets growth YoY
21×
vs typical plan assets (national mean)

Seagate 401(k) Plan's outsized position by total assets

Seagate 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,136,164,340 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Seagate 401(k) 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. Seagate 401(k) Plan lands in the large band (4,188 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 770545987 · Seagate U.S. LLC PY 2023 · 401(k)

Seagate 401(k) Plan · $2.1B · 4,188 · 99th

  • NET $2.1B
  • NET 4,188
  • NET 99th
  • NET 401(k)
  • NET near Henkel 401(k) and Defined Contribution Plan
  • NET ind #18493

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 California →

Seagate 401(k) Plan in the asset neighbourhood

Alaska Airlines, Inc. Pilots Investment and Savings PlanAlaska Airlines, Inc. Pilots…$2.2BSeagate 401(k) Plan$2.1BTeva Pharmaceuticals Retirement Savings PlanTeva Pharmaceuticals Retirem…$2.1BHenkel 401(k) and Defined Contribution PlanHenkel 401(k) and Defined Co…$2.1BMars Veterinary Health 401(k) Savings PlanMars Veterinary Health 401(k…$2.1B
End-of-year total assets ($B) among Seagate 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$2.1B
Net Income$143M
Employer EIN770545987
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Seagate U.S. LLC)

Sponsor-wide plan assets over time

All Seagate U.S. LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.3B 15.493306062631326% vs 2022
2024 filing year
$1.9B$2B$2.1B$2.2B$2.3B$2.4B 202220232024 $1.99B $2.3B ▲ +15.6%
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 Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Seagate 401(k) Plan, Total assets ($B): 2.13616434 · Participants: 4188Seagate 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Seagate 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants

Seagate 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Henkel 401(k) and Defined Contribution Plan in CT ($2.1B); by covered participants it is Otis Retirement Savings Plan in CT (4,187 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,188 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Seagate 401(k) Plan assets move in 2023? ▼
Seagate 401(k) Plan grew at a solid clip - up 7.2% during 2023, from $2.0B to $2.1B. Reported net income was $143M.
How have Seagate U.S. LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Seagate U.S. LLC's sponsor-wide assets grew 15.5%, from $2.0B to $2.3B.
Where does Seagate 401(k) Plan rank by assets among Form 5500 filers? ▼
Seagate 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Seagate 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Henkel 401(k) and Defined Contribution Plan in CT ($2.1B, 7,579 participants).
Which 401(k) plans cover a similar participant headcount to Seagate 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Otis Retirement Savings Plan in CT (4,187 participants, $364M in assets).