401(k) · DOL Form 5500 · 2023

Aar Corp. 401(k) Plan

Data updated 2026-08-11

$487M
Total assets
2,912
Participants
97th
Percentile by assets
$167,346
Avg per participant
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Official DOL plan name: Aar Corp. Retirement Savings Plan · Sponsored by Aar Corp. · Illinois · Transportation & Warehousing

$487M in assets, 2,912 participants

Aar Corp.'s Aar Corp. Retirement Savings Plan reported $487M in total assets and 2,912 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • 97th percentile by assets (of 127,072 plans)
  • #3,235 in Transportation & Warehousing (3,362 peers)

Coverage in Illinois

Aar Corp. Retirement Savings Plan covers 2,912 participants in Illinois, 3.7x the typical Illinois plan (state average ~779 per filing). Assets: $487M.

$487M
total plan assets (2023 EOY)
2,912
covered participants
97th
percentile by assets (of 127,072 plans)
$167,346
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Aar Corp. Retirement Savings Plan reported net income rose from -$85M in the plan year 2022 filing to $71M in the plan year 2023 filing.
  • Aar Corp. Retirement Savings Plan end-of-year assets rose from $387M in the plan year 2022 filing to $487M in the plan year 2023 filing.
  • Aar Corp. Retirement Savings Plan reported participants rose from 2,796 in the plan year 2022 filing to 2,912 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Aar Corp. Retirement Savings Plan reports 2,912 participants - 3.7x that state average ($487M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$387M
Net Assets (End of Year)$487M
Net Income$71M
Employer EIN362334820
Plan Effective Date1965-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Aar Corp.)

$400M$450M$500M$550M$600M 202220232024 $449M $557M ▲ +24.1%
Total plan assets by year, all Aar Corp. plans on file
Year Plans Participants Total Assets
2022 2 3,035 $449M
2023 2 3,232 $492M
2024 1 3,848 $557M

Nearby 401(k) Plans in Illinois

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

Aar Corp. Retirement Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Aar Corp. Retirement Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Aar Corp. Retirement…Accenture United Sta…State Farm 401(k) Sa…Abbott Laboratories …United Airlines Pilo…Walgreens Retirement…
Aar Corp. Retirement Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Aar Corp. Retirement Savings Plan assets move in 2023?
Aar Corp. Retirement Savings Plan grew sharply - up 26.0% during 2023, from $387M to $487M. Reported net income was $71M.
How have Aar Corp. plan assets changed over time?
Across 3 plan years on file (2022-2024), Aar Corp.'s sponsor-wide assets grew 24.1%, from $449M to $557M.
Where does Aar Corp. Retirement Savings Plan rank by assets among Form 5500 filers?
Aar Corp. Retirement Savings Plan ranks in the 97th 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 Aar Corp. Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Savings Incentive and Profit Sharing Plan for Employees of the Hobby Lobby Group in OK ($487M, 30,313 participants).

Filing takeaways

Ways to act on Aar Corp. Retirement Savings Plan's numbers.