401(k) · DOL Form 5500 · 2024

Schwans Shared Services, LLC 401(k) Plan

Data updated 2026-07-24

$632M
Total assets: 8,706
Participants: 98th
Percentile by assets: $72,632
Avg per participant

Official DOL plan name: Schwan's Company Retirement Savings Plan · Sponsored by Schwans Shared Services, LLC · Minnesota · Manufacturing

$632M in assets, 8,706 participants

Schwans Shared Services, LLC's Schwan's Company Retirement Savings Plan reported $632M in total assets and 8,706 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Schwan's Company Retirement Savings Plan covers 8,706 participants in Minnesota, 7.5x the typical Minnesota plan (state average ~1,161 per filing). Assets: $632M.

$632M
total plan assets (2024 EOY): 8,706
covered participants: 98th
percentile by assets (of 116,472 plans): $72,632
avg assets per participant

Schwan's Company Retirement Savings Plan reported participants rose from 5,753 in the plan year 2023 filing to 8,706 in the plan year 2024 filing.
Schwan's Company Retirement Savings Plan end-of-year assets rose from $571M in the plan year 2023 filing to $632M in the plan year 2024 filing.
Schwan's Company Retirement Savings Plan reported net income rose from $60M in the plan year 2023 filing to $61M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Manufacturing

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Schwan's Company Retirement Savings Plan reports 8,706 participants - 7.5x that state average ($632M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$571M
Net Assets (End of Year)	$632M
Net Income	$61M
Employer EIN	810572771
Plan Effective Date	1964-09-30
Filing Status	FILING RECEIVED

Sponsor Plan History (Schwans Shared Services, LLC)

Total plan assets by year, all Schwans Shared Services, LLC plans on file

Year	Plans	Participants	Total Assets
2022	1	6,537	$489M
2023	1	5,753	$571M
2024	1	8,706	$632M

Nearby 401(k) Plans in Minnesota

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

Schwan's Company Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

Compare Schwan's Company Retirement Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Schwan's Company Retirement Savings Plan by total assets, not by location.

401(k) Retirement Plan for Reynolds Consumer Products (IL) $633M · 4,609
Hcr Manorcare Retirement Savings 401(k) Plan (OH) $633M · 1,740
Fmc Corporation Savings and Investment Plan (PA) $633M · 1,336
Suntory Global Spirits Retirement Savings Plan (NY) $631M · 2,062

Frequently Asked Questions

How did Schwan's Company Retirement Savings Plan assets move in 2024? ▼

Schwan's Company Retirement Savings Plan grew at a solid clip - up 10.8% during 2024, from $571M to $632M. Reported net income was $61M.

How have Schwans Shared Services, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Schwans Shared Services, LLC's sponsor-wide assets grew 29.2%, from $489M to $632M.

Where does Schwan's Company Retirement Savings Plan rank by assets among Form 5500 filers? ▼

Schwan's Company Retirement Savings Plan ranks in the 98th percentile by end-of-year assets among 116,472 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 Schwan's Company Retirement Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is 401(k) Retirement Plan for Reynolds Consumer Products in IL ($633M, 4,609 participants).

Next read for Schwan's Company Retirement Savings Plan

Filing takeaways

Ways to act on Schwan's Company Retirement Savings Plan's numbers.

By total assets, Schwan's Company Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Schwans Shared Services, LLC's sponsor-wide assets have grown 29.2% 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 810572771.

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.