401(k) · DOL Form 5500 · 2024

Seagate U.S. LLC 401(k) Plan

Data updated 2026-08-25

$2.3B
Total assets Very large vs avg
3,205
Participants Above avg headcount
99th
Percentile by assets National rank
$718,057
Avg per participant High balance/head
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Official DOL plan name: Seagate 401(k) Plan · Sponsored by Seagate U.S. LLC · California · Manufacturing

$2.3B in assets, 3,205 participants

Seagate U.S. LLC's Seagate 401(k) Plan reported $2.3B in total assets and 3,205 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.

  • #17,560 in Manufacturing (17,777 peers)

Coverage in California

Seagate 401(k) Plan covers 3,205 participants in California, 5.1x the typical California plan (state average ~630 per filing). Assets: $2.3B.

#17,560
in Manufacturing (17,777 peers)
+7.7%
assets growth YoY
23×
vs typical plan assets (national mean)

Seagate 401(k) Plan's outsized position by total assets

Seagate 401(k) Plan vs every filed plan by assets

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

$2,301,371,532 Top 1% higher than 99% 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

Seagate 401(k) 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. Seagate 401(k) Plan lands in the large band (3,205 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Seagate 401(k) Plan reported participants fell from 4,188 in the plan year 2023 filing to 3,205 in the plan year 2024 filing.
  • Seagate 401(k) Plan reported net income rose from $143M in the plan year 2023 filing to $166M in the plan year 2024 filing.
  • Seagate 401(k) Plan end-of-year assets rose from $2.1B in the plan year 2023 filing to $2.3B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 770545987 · Seagate U.S. LLC PY 2024 · 401(k)

Seagate 401(k) Plan · $2.3B · 3,205 · 99th

  • BOY $2.3B
  • BOY 3,205
  • BOY 99th
  • BOY 401(k)
  • BOY near Union Pacific Corporation Thrift Plan
  • BOY ind #17560

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 California →

Seagate 401(k) Plan in the asset neighbourhood

Adm 401(k) and Employee Stock Ownership Plan for Salaried EmployeesAdm 401(k) and Employee Stoc…$2.3BSeagate 401(k) Plan$2.3BUnion Pacific Corporation Thrift PlanUnion Pacific Corporation Th…$2.3BHilton 401(k) Plan$2.3BW.R. Berkley Corporation Profit Sharing PlanW.R. Berkley Corporation Pro…$2.3B
End-of-year total assets ($B) among Seagate 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$2.1B
Net Assets (End of Year)$2.3B
Net Income$166M
Employer EIN770545987
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Seagate U.S. LLC)

Sponsor-wide plan assets over time

All Seagate U.S. LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.3B 15.493306062631326% vs 2022
2024 filing year
$1.9B$2B$2.1B$2.2B$2.3B$2.4B 202220232024 $1.99B $2.3B ▲ +15.6%
Year Plans Participants Total Assets
2022 1 4,483 $2.0B
2023 1 4,188 $2.1B
2024 1 3,205 $2.3B

Nearby 401(k) Plans in California

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

Seagate 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Seagate 401(k) Plan, Total assets ($B): 2.301371532 · Participants: 3205Seagate 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Seagate 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Seagate 401(k) Plan side-by-side with 3 peers →

Seagate 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Union Pacific Corporation Thrift Plan in NE ($2.3B); by covered participants it is Soho House LLC 401(k) Plan in NY (3,205 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,205 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 Seagate 401(k) Plan assets move in 2024? ▼
Seagate 401(k) Plan grew at a solid clip - up 7.7% during 2024, from $2.1B to $2.3B. Reported net income was $166M.
How have Seagate U.S. LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Seagate U.S. LLC's sponsor-wide assets grew 15.5%, from $2.0B to $2.3B.
Where does Seagate 401(k) Plan rank by assets among Form 5500 filers? ▼
Seagate 401(k) Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Seagate 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Union Pacific Corporation Thrift Plan in NE ($2.3B, 5,350 participants).
Which 401(k) plans cover a similar participant headcount to Seagate 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Soho House LLC 401(k) Plan in NY (3,205 participants, $7M 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 770545987.

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.