401(k) · DOL Form 5500 · 2024
Microchip Technology Incorporated 401(k) Plan
Data updated 2026-08-25
- $1.6B
- Total assets Very large vs avg
- 7,051
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $228,375
- Avg per participant Above avg balance/head
Official DOL plan name: Microchip Technology Incorporated Savings Plan · Sponsored by Microchip Technology Incorporated · Arizona · Manufacturing
$1.6B in assets, 7,051 participants
Microchip Technology Incorporated's Microchip Technology Incorporated Savings Plan reported $1.6B in total assets and 7,051 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- #17,467 in Manufacturing (17,777 peers)
Coverage in Arizona
Microchip Technology Incorporated Savings Plan covers 7,051 participants in Arizona, 13x the typical Arizona plan (state average ~564 per filing). Assets: $1.6B.
- #17,467
- in Manufacturing (17,777 peers)
- +14.6%
- assets growth YoY
- 16×
- vs typical plan assets (national mean)
Microchip Technology Incorporated Savings Plan's outsized position by total assets
Microchip Technology Incorporated Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,610,270,293 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Microchip Technology Incorporated Savings 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. Microchip Technology Incorporated Savings Plan lands in the large band (7,051 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Microchip Technology Incorporated Savings Plan reported net income fell from $279M in the plan year 2023 filing to $205M in the plan year 2024 filing.
- Microchip Technology Incorporated Savings Plan end-of-year assets rose from $1.4B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
- Microchip Technology Incorporated Savings Plan reported participants rose from 6,751 in the plan year 2023 filing to 7,051 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 860629024 · Microchip Technology Incorporated PY 2024 · 401(k)
Microchip Technology Incorporated Savings Plan · $1.6B · 7,051 · 99th
- EBSA $1.6B
- PART 7,051
- TYPE 99th
- NET 401(k)
- BOOK near Constellation Software (U.S.a.) Inc. Retirement Savings Plan
- VS-ST ind #17467
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 Arizona →
Microchip Technology Incorporated Savings Plan in the asset neighbourhood
Arizona filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | $205M |
| Employer EIN | 860629024 |
| Plan Effective Date | 1989-03-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Microchip Technology Incorporated)
Sponsor-wide plan assets over time
All Microchip Technology Incorporated plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.6B 43.03614254059102% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,310 | $1.1B |
| 2023 | 1 | 6,751 | $1.4B |
| 2024 | 1 | 7,051 | $1.6B |
Nearby 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Bechtel Trust & Thrift Plan $6.1B · 7,971
- Banner Health Employees 401(k) Plan $4.9B · 54,731
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.7B · 13,770
- Republic Services, Inc. 401(k) Plan $2.7B · 32,629
- Stantec 401(k) Plan $2.3B · 11,603
Scale composition for Microchip Technology Incorporated Savings Plan
Microchip Technology Incorporated Savings Plan reports $1.6B in end-of-year assets across 7,051 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $228,375 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2024 was $205M.
This plan identity (EIN 860629024, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.6B (+43.0%) while covered participants moved from 6,310 to 7,051 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,310 | $1.1B | Open filing |
| 2023 | 6,751 | $1.4B | Open filing |
| 2024 · index core | 7,051 | $1.6B | This page |
Microchip Technology Incorporated Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Arizona, the nearest 401(k) by assets is Constellation Software (U.S.a.) Inc. Retirement Savings Plan in IL ($1.6B); by covered participants it is Wood 401(k) Plan in TX (7,051 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.6B here).
- Constellation Software (U.S.a.) Inc. Retirement Savings Plan (IL) $1.6B · 12,777
- Club Futuresave Plan (CA) $1.6B · 13,605
- Icon Clinical Research, LLC 401(k) Plan (PA) $1.6B · 12,588
- Atrius 401(k) Retirement Savings Plan (MN) $1.6B · 5,484
Similar participant headcount
Nearest other-state filings by covered participants (7,051 participants); asset peers above are excluded.
- Wood 401(k) Plan (TX) 7,051 · 0 off
- Team Staffing, LLC 401(k) Retirement Plan (LA) 7,050 · 1 off
- Henry Schein, Inc. 401(k) Savings Plan (NY) 7,053 · 2 off
- Sorenson Communications, LLC. 401(k) Profit Sharing Plan (UT) 7,056 · 5 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.