401(k) · DOL Form 5500 · 2022
Schaeffler Group USA Inc. 401(k) Plan
Data updated 2026-08-11
- $600M
- Total assets
- 4,937
- Participants
- 98th
- Percentile by assets
- $121,486
- Avg per participant
Official DOL plan name: Schaeffler Group USA Savings Retirement Plan · Sponsored by Schaeffler Group USA Inc. · South Carolina · Manufacturing
$600M in assets, 4,937 participants
Schaeffler Group USA Inc.'s Schaeffler Group USA Savings Retirement Plan reported $600M in total assets and 4,937 participants in its 2022 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 139,126 plans)
- #19,972 in Manufacturing (20,602 peers)
Coverage in South Carolina
Schaeffler Group USA Savings Retirement Plan covers 4,937 participants in South Carolina, 13x the typical South Carolina plan (state average ~369 per filing). Assets: $600M.
- $600M
- total plan assets (2022 EOY)
- 4,937
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $121,486
- avg assets per participant
The plan reported a net loss of $125M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Schaeffler Group USA Savings Retirement Plan reports 4,937 participants - 13x that state average ($600M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $725M |
|---|---|
| Net Assets (End of Year) | $600M |
| Net Income | -$125M |
| Employer EIN | 570517596 |
| Plan Effective Date | 1993-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Schaeffler Group USA Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,627 | $771M |
| 2023 | 1 | 4,857 | $716M |
| 2024 | 2 | 5,505 | $948M |
Nearby 401(k) Plans in South Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Schaeffler Group USA Savings Retirement Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
- Michelin 401(k) Savings Plan $3.6B · 13,708
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.2B · 7,829
- Sonoco Retirement & Savings Plan $1.2B · 9,714
- The Milliken Retirement Plan $1.2B · 6,185
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.1B · 11,881
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Schaeffler Group USA Savings Retirement Plan by total assets, not by location.
- Dollar General Corp 401(k) Savings and Retirement Plan (TN) $600M · 185,609
- Childrens Hospital Los Angeles Employees' 401(k) Plan (CA) $600M · 4,905
- Harvard Medical Faculty Physicians at Beth Israel Deaconess Medical Center, Inc. 401(k) Savings and Investment Plan (MA) $600M · 2,008
- Corelogic, Inc. 401(k) Savings Plan (CA) $601M · 4,364
Frequently Asked Questions
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Filing takeaways
Ways to act on Schaeffler Group USA Savings Retirement Plan's numbers.
- By total assets, Schaeffler Group USA Savings 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 South Carolina. Compare plans
- Schaeffler Group USA Inc.'s sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Manufacturing plans