401(k) · DOL Form 5500 · 2023

Sandvik, Inc. 401(k) Plan

Data updated 2026-08-25

$624M
Total assets Above avg plan size
2,577
Participants Above avg headcount
98th
Percentile by assets National rank
$242,149
Avg per participant Above avg balance/head
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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.

  • #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.

#18,061
in Manufacturing (18,722 peers)
+15.6%
assets growth YoY
6.3×
vs typical plan assets (national mean)

Sandvik 401(k) Retirement Plan's outsized position 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

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

Sandvik 401(k) Retirement 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. Sandvik 401(k) Retirement Plan lands in the large band (2,577 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

Published 5500 schedule card

Filing strip 221717737 · Sandvik, Inc. PY 2023 · 401(k)

Sandvik 401(k) Retirement Plan · $624M · 2,577 · 98th

  • IND $624M
  • EOY 2,577
  • 5500 98th
  • ASSETS 401(k)
  • PCT near Yardi Systems, Inc. 401(k) Profit Sharing Plan
  • EIN ind #18061

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 →

Sandvik 401(k) Retirement Plan in the asset neighbourhood

Yardi Systems, Inc. 401(k) Profit Sharing PlanYardi Systems, Inc. 401(k) P…$624MAbm 401(k) Employee Savings PlanAbm 401(k) Employee Savings …$624MSandvik 401(k) Retirement PlanSandvik 401(k) Retirement Pl…$624MMitchell International, Inc. 401(k) Savings PlanMitchell International, Inc.…$623MBlue Yonder, Inc. 401(k) Plan$623M
End-of-year total assets ($M) among Sandvik 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$540M
Net Assets (End of Year)$624M
Net Income$84M
Employer EIN221717737
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandvik, Inc.)

Sponsor-wide plan assets over time

All Sandvik, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 11.038655328974231% vs 2022
2024 filing year
$1.1B$1.15B$1.2B$1.25B$1.3B 202220232024 $1.15B $1.28B ▲ +11.3%
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 Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Sandvik 401(k) Retirement Plan, Total assets ($B): 0.624019207 · Participants: 2577Sandvik 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Sandvik 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sandvik 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest 401(k) by assets is Yardi Systems, Inc. 401(k) Profit Sharing Plan in CA ($624M); by covered participants it is Multiplan, Inc. 401(k) Plan in IL (2,576 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($624M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,577 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 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).
Which 401(k) plans cover a similar participant headcount to Sandvik 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Multiplan, Inc. 401(k) Plan in IL (2,576 participants, $374M in assets).

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.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.