Lg Electronics Retirement Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Lg Electronics USA, Inc. · New Jersey · Manufacturing
What the 2023 filing shows
Lg Electronics Retirement Plan holds $450M for 3,020 participants — about $149,163 per participant, up 17.4% over the 2024 plan year.
- $450M
- total plan assets (2024 EOY)
- 3,020
- covered participants
- $149,163
- avg assets per participant
- +17.4%
- assets growth YoY
What the Filing Says About Lg Electronics Retirement Plan
Lg Electronics Retirement Plan is a 401(k) retirement plan sponsored by Lg Electronics USA, Inc., headquartered in New Jersey. As of the 2024 Form 5500 filing, the plan reports $450M in total end-of-year assets and covers 3,020 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 132950311, and the plan has been effective since 1950-04-28. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $384M at the beginning of 2024 to $450M at year-end — a gain of 17.4%. Net assets (after liabilities) closed the year at $450M, with reported net income of $67M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $384M |
| Total Assets (End of Year) | $450M |
| Net Assets (End of Year) | $450M |
| Net Income | $67M |
| Plan Type | 401(k) |
| Employer EIN | 132950311 |
| Plan Effective Date | 1950-04-28 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lg Electronics USA, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,128 | $331M |
| 2023 | 1 | 2,987 | $384M |
| 2024 | 1 | 3,020 | $450M |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans — same state, same plan type — ranked by total assets.
- JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Merck US Savings Plan $13.4B · 26,850
- The Prudential Employee Savings Plan $10.4B · 16,321
Related Data
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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 132950311.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.