401(k) · DOL Form 5500 · 2024

The Shyft Group, Inc. 401(k) Plan

Data updated 2026-08-25

$109M
Total assets Near avg plan size
2,400
Participants Above avg headcount
91st
Percentile by assets National rank
$45,518
Avg per participant Low balance/head
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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.

  • #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.

#15,421
in Manufacturing (17,777 peers)
+18.6%
assets growth YoY
1.1×
vs typical plan assets (national mean)

The Shyft Group Retirement Plan's outsized position by total assets

The Shyft Group Retirement Plan vs every filed plan by assets

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

$109,243,251 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

The Shyft Group Retirement 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. The Shyft Group Retirement Plan lands in the large band (2,400 participants).

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 382078923 · The Shyft Group, Inc. PY 2024 · 401(k)

The Shyft Group Retirement Plan · $109M · 2,400 · 91st

  • NET $109M
  • BOOK 2,400
  • VS-ST 91st
  • BOY 401(k)
  • SCH near The Vane Brothers Company Retirement Savings Plan
  • EBSA ind #15421

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 →

The Shyft Group Retirement Plan in the asset neighbourhood

Meridian Cooperative Savings PlanMeridian Cooperative Savings…$109MRithum Corporation 401(k) PlanRithum Corporation 401(k) Pl…$109MSid Dillon 401(k) Plan$109MThe Shyft Group Retirement PlanThe Shyft Group Retirement P…$109MThe Vane Brothers Company Retirement Savings PlanThe Vane Brothers Company Re…$109M
End-of-year total assets ($M) among The Shyft Group Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$92M
Net Assets (End of Year)$109M
Net Income$17M
Employer EIN382078923
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Shyft Group, Inc.)

Sponsor-wide plan assets over time

All The Shyft Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$109M 59.355958066597694% vs 2022
2024 filing year
$0M$100M$200M$300M 202220232024 $269M $109M ▼ -59.4%
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 Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants The Shyft Group Retirement Plan, Total assets ($B): 0.109243251 · Participants: 2400The Shyft Group Retirement 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
The Shyft Group Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare The Shyft Group Retirement Plan side-by-side with 3 peers →

The Shyft Group Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is The Vane Brothers Company Retirement Savings Plan in MD ($109M); by covered participants it is Barnes & Noble Education 401(k) Plan in NJ (2,400 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($109M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,400 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 The Shyft Group Retirement Plan assets move in 2024? ▼
The Shyft Group Retirement Plan grew sharply - up 18.6% during 2024, from $92M to $109M. Reported net income was $17M.
How have The Shyft Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Shyft Group, Inc.'s sponsor-wide assets declined 59.4%, from $269M to $109M.
Where does The Shyft Group Retirement Plan rank by assets among Form 5500 filers? ▼
The Shyft Group Retirement 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 The Shyft Group Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Vane Brothers Company Retirement Savings Plan in MD ($109M, 781 participants).
Which 401(k) plans cover a similar participant headcount to The Shyft Group Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Barnes & Noble Education 401(k) Plan in NJ (2,400 participants, $240M 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 382078923.

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.