401(k) · DOL Form 5500 · 2024
The Shyft Group, Inc. 401(k) Plan
Data updated 2026-08-11
- $109M
- Total assets
- 2,400
- Participants
- 91st
- Percentile by assets
- $45,518
- Avg per participant
Official DOL plan name: The Shyft Group Retirement Plan · Sponsored by The Shyft Group, Inc. · Michigan · Manufacturing
$109M in assets, 2,400 participants
The Shyft Group, Inc.'s The Shyft Group Retirement Plan reported $109M in total assets and 2,400 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)
- #15,421 in Manufacturing (17,777 peers)
Coverage in Michigan
The Shyft Group Retirement Plan covers 2,400 participants in Michigan, 3.8x the typical Michigan plan (state average ~638 per filing). Assets: $109M.
- $109M
- total plan assets (2024 EOY)
- 2,400
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $45,518
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Shyft Group Retirement Plan reported participants fell from 3,227 in the plan year 2023 filing to 2,400 in the plan year 2024 filing.
- The Shyft Group Retirement Plan end-of-year assets rose from $92M in the plan year 2023 filing to $109M in the plan year 2024 filing.
- The Shyft Group Retirement Plan reported net income rose from $15M in the plan year 2023 filing to $17M in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. The Shyft Group Retirement Plan reports 2,400 participants - 3.8x that state average ($109M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $92M |
|---|---|
| Net Assets (End of Year) | $109M |
| Net Income | $17M |
| Employer EIN | 382078923 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Shyft Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 6,571 | $269M |
| 2023 | 1 | 3,227 | $92M |
| 2024 | 1 | 2,400 | $109M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Shyft Group Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Shyft Group Retirement Plan by total assets, not by location.
- The Vane Brothers Company Retirement Savings Plan (MD) $109M · 781
- Sid Dillon 401(k) Plan (NE) $109M · 677
- Meridian Cooperative Savings Plan (GA) $109M · 562
- Rithum Corporation 401(k) Plan (NY) $109M · 271
Frequently Asked Questions
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Next read for The Shyft Group Retirement Plan
Filing takeaways
Ways to act on The Shyft Group Retirement Plan's numbers.
- By total assets, The Shyft Group Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- The Shyft Group, Inc.'s sponsor-wide assets have declined 59.4% since 2022 across 3 plan years on file. More Manufacturing plans