401(k) · DOL Form 5500 · 2023

Sandvik, Inc. 401(k) Plan

Data updated 2026-08-11

$624M
Total assets: 2,577
Participants: 98th
Percentile by assets: $242,149
Avg per participant

Official DOL plan name: Sandvik 401(k) Retirement Plan · Sponsored by Sandvik, Inc. · North Carolina · Manufacturing

$624M in assets, 2,577 participants

Sandvik, Inc.'s Sandvik 401(k) Retirement Plan reported $624M in total assets and 2,577 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)
#18,061 in Manufacturing (18,722 peers)

Coverage in North Carolina

Sandvik 401(k) Retirement Plan covers 2,577 participants in North Carolina, 3.1x the typical North Carolina plan (state average ~819 per filing). Assets: $624M.

$624M
total plan assets (2023 EOY): 2,577
covered participants: 98th
percentile by assets (of 127,072 plans): $242,149
avg assets per participant

Where Sandvik 401(k) Retirement Plan sits by total assets

Sandvik 401(k) Retirement Plan vs every filed plan by assets

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

$624,019,207 Top 2% higher than 98% 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

Sandvik 401(k) Retirement Plan reported net income rose from -$124M in the plan year 2022 filing to $84M in the plan year 2023 filing.
Sandvik 401(k) Retirement Plan end-of-year assets rose from $540M in the plan year 2022 filing to $624M in the plan year 2023 filing.
Sandvik 401(k) Retirement Plan reported participants rose from 2,379 in the plan year 2022 filing to 2,577 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sandvik 401(k) Retirement Plan reports 2,577 participants - 3.1x that state average ($624M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$540M
Net Assets (End of Year)	$624M
Net Income	$84M
Employer EIN	221717737
Plan Effective Date	2007-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Sandvik, Inc.)

Total plan assets by year, all Sandvik, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	3,052	$1.2B
2023	2	3,008	$1.2B
2024	2	3,101	$1.3B

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sandvik 401(k) Retirement 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

Compare Sandvik 401(k) Retirement Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sandvik 401(k) Retirement Plan by total assets, not by location.

Yardi Systems, Inc. 401(k) Profit Sharing Plan (CA) $624M · 4,510
Abm 401(k) Employee Savings Plan (NY) $624M · 61,715
Mitchell International, Inc. 401(k) Savings Plan (CA) $623M · 5,724
Blue Yonder, Inc. 401(k) Plan (AZ) $623M · 1,327

Frequently Asked Questions

How did Sandvik 401(k) Retirement Plan assets move in 2023? ▼

Sandvik 401(k) Retirement Plan grew sharply - up 15.6% during 2023, from $540M to $624M. Reported net income was $84M.

How have Sandvik, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sandvik, Inc.'s sponsor-wide assets grew 11.0%, from $1.2B to $1.3B.

Where does Sandvik 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼

Sandvik 401(k) Retirement Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Sandvik 401(k) Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Yardi Systems, Inc. 401(k) Profit Sharing Plan in CA ($624M, 4,510 participants).

Next read for Sandvik 401(k) Retirement Plan

Filing takeaways

Ways to act on Sandvik 401(k) Retirement Plan's numbers.

By total assets, Sandvik 401(k) Retirement 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
Sandvik, Inc.'s sponsor-wide assets have grown 11.0% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 221717737.