401(k) · DOL Form 5500 · 2024
Danfoss Power Solutions US Company 401(k) Plan
Data updated 2026-08-25
- $564M
- Total assets Above avg plan size
- 3,478
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $162,155
- Avg per participant Above avg balance/head
Official DOL plan name: Danfoss USA Savings Plan · Sponsored by Danfoss Power Solutions US Company · Iowa · Manufacturing
$564M in assets, 3,478 participants
Danfoss Power Solutions US Company's Danfoss USA Savings Plan reported $564M in total assets and 3,478 participants in its 2024 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.
- #17,059 in Manufacturing (17,777 peers)
Coverage in Iowa
Danfoss USA Savings Plan covers 3,478 participants in Iowa, 5.7x the typical Iowa plan (state average ~609 per filing). Assets: $564M.
- #17,059
- in Manufacturing (17,777 peers)
- +11.2%
- assets growth YoY
- 5.7×
- vs typical plan assets (national mean)
Danfoss USA Savings Plan's outsized position by total assets
Danfoss USA Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$563,974,319 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Danfoss USA Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Danfoss USA Savings Plan lands in the large band (3,478 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Danfoss USA Savings Plan reported net income fell from $80M in the plan year 2023 filing to $55M in the plan year 2024 filing.
- Danfoss USA Savings Plan end-of-year assets rose from $507M in the plan year 2023 filing to $564M in the plan year 2024 filing.
- Danfoss USA Savings Plan reported participants rose from 3,302 in the plan year 2023 filing to 3,478 in the plan year 2024 filing.
DOL schedule card
Filing strip 421345015 · Danfoss Power Solutions US Company PY 2024 · 401(k)
Danfoss USA Savings Plan · $564M · 3,478 · 97th
- PCT $564M
- PCT 3,478
- PCT 97th
- PCT 401(k)
- PCT near Savings Incentive and Profit Sharing Plan for Employees of the Hobby Lobby Group
- PCT ind #17059
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 Iowa →
Danfoss USA Savings Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $507M |
|---|---|
| Net Assets (End of Year) | $564M |
| Net Income | $55M |
| Employer EIN | 421345015 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Danfoss Power Solutions US Company)
Sponsor-wide plan assets over time
All Danfoss Power Solutions US Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $734M 23.792197387328752% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 4,130 | $593M |
| 2023 | 3 | 4,409 | $681M |
| 2024 | 3 | 4,492 | $734M |
Nearby 401(k) Plans in Iowa
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Principal Select Savings Plan $4.6B · 12,841
- The Rsm US LLP Retirement Plan $3.4B · 14,728
- Iowa Health System Section 401(k) Retirement Savings Plan $3.3B · 25,072
- The Hy-Vee and Affiliates 401(k) Plan $3.1B · 55,411
- Transamerica 401(k) Retirement Savings Plan $2.7B · 8,059
Danfoss USA Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Savings Incentive and Profit Sharing Plan for Employees of the Hobby Lobby Group in OK ($564M); by covered participants it is Blain Supply and Farm & Fleet Profit Sharing 401(k) Plan in WI (3,477 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($564M here).
- Savings Incentive and Profit Sharing Plan for Employees of the Hobby Lobby Group (OK) $564M · 29,560
- Cleary Gottlieb Steen & Hamilton LLP Tax Opportunity Plan for Savings (Plan B) (NY) $563M · 810
- Baptist Health 401(a) Plan (AR) $563M · 11,107
- Pinnacle Financial Partners, Inc. 401(k) Plan (TN) $565M · 3,407
Similar participant headcount
Nearest other-state filings by covered participants (3,478 participants); asset peers above are excluded.
- Blain Supply and Farm & Fleet Profit Sharing 401(k) Plan (WI) 3,477 · 1 off
- Blackstone 401(k) Savings Plan (NY) 3,481 · 3 off
- Simon Property Group and Adopting Entities Matching Savings Plan (IN) 3,474 · 4 off
- Nvent Management Company Retirement Savings and Investment Plan (MN) 3,474 · 4 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.