401(k) · DOL Form 5500 · 2024

Volvo Car USA LLC 401(k) Plan

Data updated 2026-08-25

$326M
Total assets Above avg plan size
2,811
Participants Above avg headcount
96th
Percentile by assets National rank
$115,823
Avg per participant Below avg balance/head
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Official DOL plan name: Volvo Cars Employees' Savings Trust Plan · Sponsored by Volvo Car USA LLC · New Jersey · Manufacturing

$326M in assets, 2,811 participants

Volvo Car USA LLC's Volvo Cars Employees' Savings Trust Plan reported $326M in total assets and 2,811 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #16,676 in Manufacturing (17,777 peers)

Coverage in New Jersey

Volvo Cars Employees' Savings Trust Plan covers 2,811 participants in New Jersey, 3.3x the typical New Jersey plan (state average ~844 per filing). Assets: $326M.

#16,676
in Manufacturing (17,777 peers)
+19.6%
assets growth YoY
3.3×
vs typical plan assets (national mean)

Volvo Cars Employees' Savings Trust Plan's outsized position by total assets

Volvo Cars Employees' Savings Trust Plan vs every filed plan by assets

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

$325,578,783 Top 4% higher than 96% 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

Volvo Cars Employees' Savings Trust 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. Volvo Cars Employees' Savings Trust Plan lands in the large band (2,811 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Volvo Cars Employees' Savings Trust Plan reported participants rose from 2,331 in the plan year 2023 filing to 2,811 in the plan year 2024 filing.
  • Volvo Cars Employees' Savings Trust Plan end-of-year assets rose from $272M in the plan year 2023 filing to $326M in the plan year 2024 filing.
  • Volvo Cars Employees' Savings Trust Plan reported net income rose from $50M in the plan year 2023 filing to $53M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 474903750 · Volvo Car USA LLC PY 2024 · 401(k)

Volvo Cars Employees' Savings Trust Plan · $326M · 2,811 · 96th

  • VS-ST $326M
  • VS-ST 2,811
  • VS-ST 96th
  • VS-ST 401(k)
  • VS-ST near Ymus and Affiliates 401(k) Plan
  • VS-ST ind #16676

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 New Jersey →

Volvo Cars Employees' Savings Trust Plan in the asset neighbourhood

Ymus and Affiliates 401(k) PlanYmus and Affiliates 401(k) P…$326MVolvo Cars Employees' Savings Trust PlanVolvo Cars Employees' Saving…$326MAth Retirement Plan and Trust$325MLucidhealth 401(k) Profit Sharing PlanLucidhealth 401(k) Profit Sh…$325MNational Healthcare Corporation 401(k) PlanNational Healthcare Corporat…$325M
End-of-year total assets ($M) among Volvo Cars Employees' Savings Trust Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$272M
Net Assets (End of Year)$326M
Net Income$53M
Employer EIN474903750
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Volvo Car USA LLC)

Sponsor-wide plan assets over time

All Volvo Car USA LLC plans reported in each filing year

Latest sponsor-wide plan assets
$371M 35.516766569685586% vs 2022
2024 filing year
$250M$300M$350M$400M 202220232024 $274M $371M ▲ +35.5%
Year Plans Participants Total Assets
2022 2 2,148 $274M
2023 2 2,453 $318M
2024 2 2,921 $371M

Nearby 401(k) Plans in New Jersey

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

Volvo Cars Employees' Savings Trust Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Volvo Cars Employees' Savings Trust Plan, Total assets ($B): 0.325578783 · Participants: 2811Volvo Cars Employees' Savings Trust PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 52.9134575 · Participants: 185532JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 29.376133902 · Participants: 69218Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 23.58476515 · Participants: 42583Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 18.327167732 · Participants: 56714Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 14.970916966 · Participants: 27956Merck US Savings Plan
Volvo Cars Employees' Savings Trust Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants

Volvo Cars Employees' Savings Trust Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Ymus and Affiliates 401(k) Plan in CA ($326M); by covered participants it is Community Veterinary Partners 401(k) Plan in PA (2,811 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($326M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,811 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 Volvo Cars Employees' Savings Trust Plan assets move in 2024?
Volvo Cars Employees' Savings Trust Plan grew sharply - up 19.6% during 2024, from $272M to $326M. Reported net income was $53M.
How have Volvo Car USA LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Volvo Car USA LLC's sponsor-wide assets grew 35.5%, from $274M to $371M.
Where does Volvo Cars Employees' Savings Trust Plan rank by assets among Form 5500 filers?
Volvo Cars Employees' Savings Trust Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Volvo Cars Employees' Savings Trust Plan?
Among 401(k) plans in other states, the closest by assets is Ymus and Affiliates 401(k) Plan in CA ($326M, 2,778 participants).
Which 401(k) plans cover a similar participant headcount to Volvo Cars Employees' Savings Trust Plan?
Among 401(k) plans in other states, the closest by covered participants is Community Veterinary Partners 401(k) Plan in PA (2,811 participants, $96M in assets).