401(k) · DOL Form 5500 · 2024
Danfoss Power Solutions II, LLC 401(k) Plan
Data updated 2026-08-25
- $178M
- Total assets Near avg plan size
- 2,559
- Participants Above avg headcount
- 94th
- Percentile by assets National rank
- $69,434
- Avg per participant Below avg balance/head
Official DOL plan name: Danfoss USA Savings Plan II · Sponsored by Danfoss Power Solutions II, LLC · Iowa · Manufacturing
$178M in assets, 2,559 participants
Danfoss Power Solutions II, LLC's Danfoss USA Savings Plan II reported $178M in total assets and 2,559 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- #16,105 in Manufacturing (17,777 peers)
Coverage in Iowa
Danfoss USA Savings Plan II covers 2,559 participants in Iowa, 4.2x the typical Iowa plan (state average ~609 per filing). Assets: $178M.
- #16,105
- in Manufacturing (17,777 peers)
- +20.3%
- assets growth YoY
- 1.8×
- vs typical plan assets (national mean)
Danfoss USA Savings Plan II's outsized position by total assets
Danfoss USA Savings Plan II vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$177,680,633 Top 6% higher than 94% 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 II'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 II lands in the large band (2,559 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Danfoss USA Savings Plan II reported net income fell from $45M in the plan year 2023 filing to $31M in the plan year 2024 filing.
- Danfoss USA Savings Plan II end-of-year assets rose from $148M in the plan year 2023 filing to $178M in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 851065969 · Danfoss Power Solutions II, LLC PY 2024 · 401(k)
Danfoss USA Savings Plan II · $178M · 2,559 · 94th
- PCT $178M
- EIN 2,559
- RANK 94th
- PHOTO 401(k)
- IND near Benteler Automotive Corporation Savings/ Retirement Plan
- EOY ind #16105
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 II in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $148M |
|---|---|
| Net Assets (End of Year) | $178M |
| Net Income | $31M |
| Employer EIN | 851065969 |
| Plan Effective Date | 2021-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Danfoss Power Solutions II, LLC)
Sponsor-wide plan assets over time
All Danfoss Power Solutions II, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $185M 68.72615660913749% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,839 | $110M |
| 2023 | 2 | 2,731 | $154M |
| 2024 | 2 | 2,716 | $185M |
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 II's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Benteler Automotive Corporation Savings/ Retirement Plan in MI ($178M); by covered participants it is Myriad Genetics, Inc. 401(k) Profit Sharing Plan in UT (2,559 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($178M here).
- Benteler Automotive Corporation Savings/ Retirement Plan (MI) $178M · 1,380
- Discovery Energy 401(k) Savings Plan for Administrative Associates (WI) $178M · N/A
- Ars Employee 401(k) Plan (TN) $178M · 5,175
- Foth & Van Dyke, LLC 401(k) Retirement Savings Plan (WI) $178M · 642
Similar participant headcount
Nearest other-state filings by covered participants (2,559 participants); asset peers above are excluded.
- Myriad Genetics, Inc. 401(k) Profit Sharing Plan (UT) 2,559 · 0 off
- Ptc 401(k) Savings Plan (MA) 2,559 · 0 off
- Abc Technologies 401(k) Plan (MI) 2,560 · 1 off
- United Bankshares, Inc. Savings and Stock Investment Plan (WV) 2,561 · 2 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.