401(k) · DOL Form 5500 · 2024

Ford Motor Company 401(k) Plan

Data updated 2026-07-24

$8.3B
Total assets: 60,497
Participants: 100th
Percentile by assets: $137,086
Avg per participant

Official DOL plan name: Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees · Sponsored by Ford Motor Company · Michigan · Manufacturing

$8.3B in assets, 60,497 participants

Ford Motor Company's Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees reported $8.3B in total assets and 60,497 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.

100th percentile by assets (of 116,472 plans)

Coverage in Michigan

Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees covers 60,497 participants in Michigan, 96x the typical Michigan plan (state average ~632 per filing). Assets: $8.3B.

$8.3B
total plan assets (2024 EOY): 60,497
covered participants: 100th
percentile by assets (of 116,472 plans): $137,086
avg assets per participant

Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees reported net income fell from $1.2B in the plan year 2023 filing to $685M in the plan year 2024 filing.
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees end-of-year assets rose from $7.6B in the plan year 2023 filing to $8.3B in the plan year 2024 filing.
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees reported participants rose from 59,195 in the plan year 2023 filing to 60,497 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Michigan

Industry

Manufacturing

Participants vs Michigan filers

In Michigan, the average filing covers about 632 participants across 3,963 plans. Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees reports 60,497 participants - 96x that state average ($8.3B EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$7.6B
Net Assets (End of Year)	$8.3B
Net Income	$685M
Employer EIN	380549190
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Ford Motor Company)

Total plan assets by year, all Ford Motor Company plans on file

Year	Plans	Participants	Total Assets
2022	5	130,980	$53.1B
2023	5	127,172	$55.3B
2024	5	127,396	$55.6B

Nearby 401(k) Plans in Michigan

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

Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees 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
Stryker Corporation 401(k) Savings and Retirement Plan $7.9B · 25,035

Compare Ford Motor Co. Tax-Efficient Savings Pla… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees by total assets, not by location.

Metlife 401(k) Plan (NJ) $8.3B · 14,717
Nationwide Savings Plan (OH) $8.3B · 24,370
Bp Employee Savings Plan (TX) $8.3B · 9,303
Marathon Petroleum Thrift Plan (OH) $8.3B · 18,199

Frequently Asked Questions

How did Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees assets move in 2024? ▼

Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees grew at a solid clip - up 8.9% during 2024, from $7.6B to $8.3B. Reported net income was $685M.

How have Ford Motor Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Ford Motor Company's sponsor-wide assets grew 4.8%, from $53.1B to $55.6B.

Where does Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees rank by assets among Form 5500 filers? ▼

Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees ranks in the 100th percentile by end-of-year assets among 116,472 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 Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees? ▼

Among 401(k) plans in other states, the closest by assets is Metlife 401(k) Plan in NJ ($8.3B, 14,717 participants).

Next read for Ford Motor Co. Tax-Efficient Savings Pla…

Filing takeaways

Ways to act on Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees's numbers.

By total assets, Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
Ford Motor Company's sponsor-wide assets have grown 4.8% since 2022 across 3 plan years on file. More Manufacturing plans

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 380549190.

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.