401(k) · DOL Form 5500 · 2023
Schaeffler Group USA Inc. 401(k) Plan
Data updated 2026-08-11
- $716M
- Total assets
- 4,857
- Participants
- 98th
- Percentile by assets
- $147,387
- Avg per participant
Official DOL plan name: Schaeffler Group USA Savings Retirement Plan · Sponsored by Schaeffler Group USA Inc. · South Carolina · Manufacturing
$716M in assets, 4,857 participants
Schaeffler Group USA Inc.'s Schaeffler Group USA Savings Retirement Plan reported $716M in total assets and 4,857 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.
- 98th percentile by assets (of 127,072 plans)
- #18,123 in Manufacturing (18,722 peers)
Coverage in South Carolina
Schaeffler Group USA Savings Retirement Plan covers 4,857 participants in South Carolina, 13x the typical South Carolina plan (state average ~369 per filing). Assets: $716M.
- $716M
- total plan assets (2023 EOY)
- 4,857
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $147,387
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Schaeffler Group USA Savings Retirement Plan reported net income rose from -$125M in the plan year 2022 filing to $116M in the plan year 2023 filing.
- Schaeffler Group USA Savings Retirement Plan end-of-year assets rose from $600M in the plan year 2022 filing to $716M in the plan year 2023 filing.
- Schaeffler Group USA Savings Retirement Plan reported participants fell from 4,937 in the plan year 2022 filing to 4,857 in the plan year 2023 filing.
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 4,857 participants - 13x that state average ($716M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $600M |
|---|---|
| Net Assets (End of Year) | $716M |
| Net Income | $116M |
| 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 $4.1B · 14,439
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.5B · 8,661
- Sonoco Retirement & Savings Plan $1.6B · 11,311
- Sonoco Retirement & Savings Plan $1.3B · 10,614
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.3B · 11,348
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.
- Medical Mutual of Ohio Employees' Retirement Savings Plan (OH) $716M · 2,826
- Bausch & Lomb Americas Inc. Retirement Savings Plan (NJ) $715M · 4,675
- Faegre Drinker Retirement Savings Plan 1 (MN) $717M · 1,402
- Wipro Limited 401(k) Plan (NJ) $714M · 7,040
Frequently Asked Questions
How did Schaeffler Group USA Savings Retirement Plan assets move in 2023? ▼
How have Schaeffler Group USA Inc. plan assets changed over time? ▼
Where does Schaeffler Group USA Savings Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Schaeffler Group USA Savings Retirement Plan? ▼
Next read for Schaeffler Group USA Savings Retirement …
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