401(k) · DOL Form 5500 · 2024

Carel USA, LLC 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
144
Participants Small participant base
53rd
Percentile by assets National rank
$61,421
Avg per participant Low balance/head
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Official DOL plan name: Carel USA 401(k) Plan · Sponsored by Carel USA, LLC · Pennsylvania · Manufacturing

$9M in assets, 144 participants

Carel USA, LLC's Carel USA 401(k) Plan reported $9M in total assets and 144 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #6,782 in Manufacturing (17,777 peers)

Coverage in Pennsylvania

Carel USA 401(k) Plan covers 144 participants in Pennsylvania, about 18% of the average Pennsylvania filer (state average ~822 per filing). Assets: $9M.

#6,782
in Manufacturing (17,777 peers)
+31.0%
assets growth YoY

Carel USA 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Carel USA 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$8,844,634 Top 47% higher than 53% of 123,620 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 2024

Carel USA 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carel USA 401(k) Plan sits mid-pack in the medium band (144 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Carel USA 401(k) Plan reported participants rose from 93 in the plan year 2023 filing to 144 in the plan year 2024 filing.
  • Carel USA 401(k) Plan end-of-year assets rose from $7M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Carel USA 401(k) Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 232786822 · Carel USA, LLC PY 2024 · 401(k)

Carel USA 401(k) Plan · $9M · 144 · 53rd

  • IND $9M
  • EOY 144
  • 5500 53rd
  • ASSETS 401(k)
  • PCT near Tribute Baking Company 401(k) Plan
  • EIN ind #6782

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 Pennsylvania →

Carel USA 401(k) Plan in the asset neighbourhood

Carel USA 401(k) Plan$9MTribute Baking Company 401(k) PlanTribute Baking Company 401(k…$9MMidwest Regional Bancorp, Inc. 401(k) PlanMidwest Regional Bancorp, In…$9MIndoor Biotechnologies, Inc. 401(k) PlanIndoor Biotechnologies, Inc.…$9MNylon Corporation of America Retirement Plan, Inc.Nylon Corporation of America…$9M
End-of-year total assets ($M) among Carel USA 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$9M
Net Income$2M
Employer EIN232786822
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carel USA, LLC)

Sponsor-wide plan assets over time

All Carel USA, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$9M 31.016436318044338% vs 2023
2024 filing year
$6M$7M$8M$9M$10M 20232024 $6.75M $8.84M ▲ +31.0%
Year Plans Participants Total Assets
2023 1 93 $7M
2024 1 144 $9M

Nearby 401(k) Plans in Pennsylvania

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

Carel USA 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Carel USA 401(k) Plan, Total assets ($B): 0.008844634 · Participants: 144Carel USA 401(k) PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings Plan
Carel USA 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Carel USA 401(k) Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest 401(k) by assets is Tribute Baking Company 401(k) Plan in VA ($9M); by covered participants it is Associated Credit Union of Texas 401(k) Plan and Trust in TX (144 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (144 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Carel USA 401(k) Plan assets move in 2024? ▼
Carel USA 401(k) Plan surged - up 31.0% during 2024, from $7M to $9M. Reported net income was $2M.
How have Carel USA, LLC plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Carel USA, LLC's sponsor-wide assets grew 31.0%, from $7M to $9M.
Which 401(k) plans are similar in size to Carel USA 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tribute Baking Company 401(k) Plan in VA ($9M, 381 participants).
Which 401(k) plans cover a similar participant headcount to Carel USA 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Associated Credit Union of Texas 401(k) Plan and Trust in TX (144 participants, $17M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232786822.

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.