401(k) · DOL Form 5500 · 2023

Schaeffler Group USA Inc. 401(k) Plan

Data updated 2026-08-25

$716M
Total assets Above avg plan size
4,857
Participants Above avg headcount
98th
Percentile by assets National rank
$147,387
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,123
in Manufacturing (18,722 peers)
+19.4%
assets growth YoY
7.2×
vs typical plan assets (national mean)

Schaeffler Group USA Savings Retirement Plan's outsized position by total assets

Schaeffler Group USA Savings Retirement Plan vs every filed plan by assets

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

$715,860,916 Top 2% higher than 98% 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

Schaeffler Group USA Savings Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schaeffler Group USA Savings Retirement Plan lands in the large band (4,857 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 570517596 · Schaeffler Group USA Inc. PY 2023 · 401(k)

Schaeffler Group USA Savings Retirement Plan · $716M · 4,857 · 98th

  • PART $716M
  • TYPE 4,857
  • NET 98th
  • BOOK 401(k)
  • VS-ST near Medical Mutual of Ohio Employees' Retirement Savings Plan
  • BOY ind #18123

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 South Carolina →

Schaeffler Group USA Savings Retirement Plan in the asset neighbourhood

Faegre Drinker Retirement Savings Plan 1Faegre Drinker Retirement Sa…$717MSchaeffler Group USA Savings Retirement PlanSchaeffler Group USA Savings…$716MMedical Mutual of Ohio Employees' Retirement Savings PlanMedical Mutual of Ohio Emplo…$716MBausch & Lomb Americas Inc. Retirement Savings PlanBausch & Lomb Americas Inc. …$715MWipro Limited 401(k) Plan$714M
End-of-year total assets ($M) among Schaeffler Group USA Savings Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

South Carolina filing particulars

Total Assets (Beginning of Year)$600M
Net Assets (End of Year)$716M
Net Income$116M
Employer EIN570517596
Plan Effective Date1993-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Schaeffler Group USA Inc.)

Sponsor-wide plan assets over time

All Schaeffler Group USA Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$948M 22.895118956585808% vs 2022
2024 filing year
$600M$700M$800M$900M$1,000M 202220232024 $771M $948M ▲ +22.9%
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 Scatter plot of 6 data points. 050001000015000 012345 Total assets ($B) Participants Schaeffler Group USA Savings Retirement Plan, Total assets ($B): 0.715860916 · Participants: 4857Schaeffler Group USA Savings Retirement PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Schaeffler Group USA Savings Retirement Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Schaeffler Group USA Savings Retirement Plan side-by-side with 3 peers →

Schaeffler Group USA Savings Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Medical Mutual of Ohio Employees' Retirement Savings Plan in OH ($716M); by covered participants it is Collabera 401(k) Plan in NJ (4,854 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($716M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,857 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 Schaeffler Group USA Savings Retirement Plan assets move in 2023? ▼
Schaeffler Group USA Savings Retirement Plan grew sharply - up 19.4% during 2023, from $600M to $716M. Reported net income was $116M.
How have Schaeffler Group USA Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Schaeffler Group USA Inc.'s sponsor-wide assets grew 22.9%, from $771M to $948M.
Where does Schaeffler Group USA Savings Retirement Plan rank by assets among Form 5500 filers? ▼
Schaeffler Group USA Savings Retirement Plan ranks in the 98th 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 Schaeffler Group USA Savings Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Medical Mutual of Ohio Employees' Retirement Savings Plan in OH ($716M, 2,826 participants).
Which 401(k) plans cover a similar participant headcount to Schaeffler Group USA Savings Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Collabera 401(k) Plan in NJ (4,854 participants, $87M 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 570517596.

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.