401(k) · DOL Form 5500 · 2024

Hanon Systems USA, LLC 401(k) Plan

Data updated 2026-08-25

$103M
Total assets Near avg plan size
407
Participants Below avg headcount
91st
Percentile by assets National rank
$252,650
Avg per participant Above avg balance/head
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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.

  • #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.

#15,314
in Manufacturing (17,777 peers)
+22.0%
assets growth YoY
1.0×
vs typical plan assets (national mean)

Hanon Systems USA, LLC 401(k) Plan's outsized position 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 $2,050,000,000 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 2024

Hanon Systems USA, LLC 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hanon Systems USA, LLC 401(k) Plan sits mid-pack in the medium band (407 participants).

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 →

Published 5500 schedule card

Filing strip 611697358 · Hanon Systems USA, LLC PY 2024 · 401(k)

Hanon Systems USA, LLC 401(k) Plan · $103M · 407 · 91st

  • TYPE $103M
  • NET 407
  • BOOK 91st
  • VS-ST 401(k)
  • BOY near Swisslog Savings Plan for Salaried Employees
  • SCH ind #15314

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 Michigan →

Hanon Systems USA, LLC 401(k) Plan in the asset neighbourhood

Hanon Systems USA, LLC 401(k) PlanHanon Systems USA, LLC 401(k…$103MSwisslog Savings Plan for Salaried EmployeesSwisslog Savings Plan for Sa…$103MMy 401(k) Plan$103MProvisur Employees Retirement Savings PlanProvisur Employees Retiremen…$103MSazerac Company, Inc. 401(k) Plan for Union EmployeesSazerac Company, Inc. 401(k)…$103M
End-of-year total assets ($M) among Hanon Systems USA, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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)

Sponsor-wide plan assets over time

All Hanon Systems USA, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$108M 61.49542753730308% vs 2022
2024 filing year
$60M$80M$100M$120M 202220232024 $66.6M $108M ▲ +61.5%
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 ($B) Participants Hanon Systems USA, LLC 401(k) Plan, Total assets ($B): 0.102828579 · Participants: 407Hanon Systems USA, LLC 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
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 →

Hanon Systems USA, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Swisslog Savings Plan for Salaried Employees in CO ($103M); by covered participants it is Methode Electronics, Inc. 401(k) Savings Plan in IL (407 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($103M here).

Similar participant headcount

Nearest other-state filings by covered participants (407 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Hanon Systems USA, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Methode Electronics, Inc. 401(k) Savings Plan in IL (407 participants, $93M in assets).

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.