401(k) · DOL Form 5500 · 2024

Hanon Systems USA, LLC 401(k) Plan

Data updated 2026-08-11

$103M
Total assets
407
Participants
91st
Percentile by assets
$252,650
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Hanon Systems USA, LLC 401(k) Plan · Sponsored by Hanon Systems USA, LLC · Michigan · Manufacturing

$103M in assets, 407 participants

Hanon Systems USA, LLC's Hanon Systems USA, LLC 401(k) Plan reported $103M in total assets and 407 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • 91st percentile by assets (of 123,622 plans)
  • #15,314 in Manufacturing (17,777 peers)

Where Hanon Systems USA, LLC 401(k) Plan sits by assets

Hanon Systems USA, LLC 401(k) Plan sits in the top 10% of all filed plans by assets, $103M for 407 participants (~$252,650/participant), up 22.0% in 2024.

$103M
total plan assets (2024 EOY)
407
covered participants
91st
percentile by assets (of 123,622 plans)
$252,650
avg assets per participant

Where Hanon Systems USA, LLC 401(k) Plan sits by total assets

Hanon Systems USA, LLC 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$102,828,579 Top 9% higher than 91% of 123,620 filed plans

This plan $0 $2,010,000,000 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hanon Systems USA, LLC 401(k) Plan end-of-year assets rose from $84M in the plan year 2023 filing to $103M in the plan year 2024 filing.
  • Hanon Systems USA, LLC 401(k) Plan reported participants rose from 343 in the plan year 2023 filing to 407 in the plan year 2024 filing.
  • Hanon Systems USA, LLC 401(k) Plan reported net income fell from $21M in the plan year 2023 filing to $19M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Michigan
Industry
Manufacturing

Hanon Systems USA, LLC 401(k) Plan vs the 2024 asset distribution

By assets, Hanon Systems USA, LLC 401(k) Plan outranks 91% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$84M
Net Assets (End of Year)$103M
Net Income$19M
Employer EIN611697358
Plan Effective Date2015-09-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Hanon Systems USA, LLC)

$60M$80M$100M$120M 202220232024 $66.6M $108M ▲ +61.5%
Total plan assets by year, all Hanon Systems USA, LLC plans on file
Year Plans Participants Total Assets
2022 2 561 $67M
2023 2 508 $88M
2024 2 596 $108M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Hanon Systems USA, LLC 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Hanon Systems USA, L…, Total assets ($B): 0.102828579 · Participants: 407Hanon Systems USA, L…General Motors Retir…, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retir…Ford Motor Co. Savin…, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savin…The Dow Chemical Com…, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Com…The General Motors P…, Total assets ($B): 9.568379082 · Participants: 42513The General Motors P…Ford Motor Co. Tax-E…, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-E…
Hanon Systems USA, LLC 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Hanon Systems USA, LLC 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Hanon Systems USA, LLC 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Hanon Systems USA, LLC 401(k) Plan assets move in 2024? ▼
Hanon Systems USA, LLC 401(k) Plan grew sharply - up 22.0% during 2024, from $84M to $103M. Reported net income was $19M.
How have Hanon Systems USA, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hanon Systems USA, LLC's sponsor-wide assets grew 61.5%, from $67M to $108M.
Where does Hanon Systems USA, LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Hanon Systems USA, LLC 401(k) Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Hanon Systems USA, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Swisslog Savings Plan for Salaried Employees in CO ($103M, 496 participants).

Next read for Hanon Systems USA, LLC 401(k) Plan

Scale reading

Ways to act on Hanon Systems USA, LLC 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 611697358.

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.