401(k) · DOL Form 5500 · 2023

Mitsubishi Heavy Industries America Inc. 401(k) Plan

Data updated 2026-08-25

$76M
Total assets Below avg plan size
457
Participants Below avg headcount
89th
Percentile by assets National rank
$167,388
Avg per participant Above avg balance/head
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Official DOL plan name: Mhi Group 401(k) Plan · Sponsored by Mitsubishi Heavy Industries America Inc. · Texas · Manufacturing

$76M in assets, 457 participants

Mitsubishi Heavy Industries America Inc.'s Mhi Group 401(k) Plan reported $76M in total assets and 457 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #15,760 in Manufacturing (18,722 peers)

Where Mhi Group 401(k) Plan sits by assets

Mhi Group 401(k) Plan sits in the top quartile of all filed plans by assets, $76M for 457 participants (~$167,388/participant), up 44.2% in 2023.

#15,760
in Manufacturing (18,722 peers)
+44.2%
assets growth YoY
0.8×
vs typical plan assets (national mean)

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

Mhi Group 401(k) Plan vs every filed plan by assets

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

$76,496,343 Top 11% higher than 89% 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

Mhi Group 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mhi Group 401(k) Plan sits mid-pack in the medium band (457 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mhi Group 401(k) Plan reported net income rose from -$13M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Mhi Group 401(k) Plan end-of-year assets rose from $53M in the plan year 2022 filing to $76M in the plan year 2023 filing.
  • Mhi Group 401(k) Plan reported participants fell from 485 in the plan year 2022 filing to 457 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 363031033 · Mitsubishi Heavy Industries America Inc. PY 2023 · 401(k)

Mhi Group 401(k) Plan · $76M · 457 · 89th

  • VS-ST $76M
  • BOY 457
  • SCH 89th
  • EBSA 401(k)
  • PART near Starkweather & Shepley Insurance Brokerage Inc. & Subsidiaries 401(k) & Profit Sharing Plan
  • TYPE ind #15760

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 Texas →

Mhi Group 401(k) Plan in the asset neighbourhood

Taconic Biosciences, Inc. 401(k) Profit Sharing Plan & TrustTaconic Biosciences, Inc. 40…$77MMhi Group 401(k) Plan$76MTwin Rivers Paper Company LLC Madawaska Hourly 401(k) PlanTwin Rivers Paper Company LL…$77MStarkweather & Shepley Insurance Brokerage Inc. & Subsidiaries 401(k) & Profit Sharing PlanStarkweather & Shepley Insur…$76MOrthopaedic & Spine Center of the Rockies, P.C. 401(k) Profit Sharing PlanOrthopaedic & Spine Center o…$76M
End-of-year total assets ($M) among Mhi Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$76M
Net Income$11M
Employer EIN363031033
Plan Effective Date1985-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mitsubishi Heavy Industries America Inc.)

Sponsor-wide plan assets over time

All Mitsubishi Heavy Industries America Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$83M 56.967339887822746% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $53M $83.3M ▲ +57.0%
Year Plans Participants Total Assets
2022 1 485 $53M
2023 1 457 $76M
2024 1 573 $83M

Nearby 401(k) Plans in Texas

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

Mhi Group 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Mhi Group 401(k) Plan, Total assets ($B): 0.076496343 · Participants: 457Mhi Group 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Mhi Group 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Mhi Group 401(k) Plan side-by-side with 3 peers →

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

Outside Texas, the nearest 401(k) by assets is Starkweather & Shepley Insurance Brokerage Inc. & Subsidiaries 401(k) & Profit Sharing Plan in RI ($76M); by covered participants it is Wb Holdings, Inc. 401(k) Plan in WI (457 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (457 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 Mhi Group 401(k) Plan assets move in 2023? ▼
Mhi Group 401(k) Plan surged - up 44.2% during 2023, from $53M to $76M. Reported net income was $11M.
How have Mitsubishi Heavy Industries America Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mitsubishi Heavy Industries America Inc.'s sponsor-wide assets grew 57.0%, from $53M to $83M.
Where does Mhi Group 401(k) Plan rank by assets among Form 5500 filers? ▼
Mhi Group 401(k) Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Mhi Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Starkweather & Shepley Insurance Brokerage Inc. & Subsidiaries 401(k) & Profit Sharing Plan in RI ($76M, 310 participants).
Which 401(k) plans cover a similar participant headcount to Mhi Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Wb Holdings, Inc. 401(k) Plan in WI (457 participants, $32M 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 363031033.

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.