401(k) · DOL Form 5500 · 2024

Hsbc North America Holdings Inc. 401(k) Plan

Data updated 2026-08-25

$4.9B
Total assets Very large vs avg
6,684
Participants Above avg headcount
100th
Percentile by assets National rank
$737,855
Avg per participant High balance/head
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Official DOL plan name: Hsbc - North America (U. S.) Tax Reduction Investment Plan · Sponsored by Hsbc North America Holdings Inc. · Illinois · Management of Enterprises

$4.9B in assets, 6,684 participants

Hsbc North America Holdings Inc.'s Hsbc - North America (U. S.) Tax Reduction Investment Plan reported $4.9B in total assets and 6,684 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.

  • #1,118 in Management of Enterprises (1,133 peers)

Coverage in Illinois

Hsbc - North America (U. S.) Tax Reduction Investment Plan covers 6,684 participants in Illinois, 8.6x the typical Illinois plan (state average ~779 per filing). Assets: $4.9B.

#1,118
in Management of Enterprises (1,133 peers)
+9.4%
assets growth YoY
49×
vs typical plan assets (national mean)

Hsbc - North America (U. S.) Tax Reduction Investment Plan's outsized position by total assets

Hsbc - North America (U. S.) Tax Reduction Investment Plan vs every filed plan by assets

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

$4,931,825,202 Highest reported value at or above every one 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

Hsbc - North America (U. S.) Tax Reduction Investment 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. Hsbc - North America (U. S.) Tax Reduction Investment Plan lands in the large band (6,684 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hsbc - North America (U. S.) Tax Reduction Investment Plan reported net income fell from $504M in the plan year 2023 filing to $425M in the plan year 2024 filing.
  • Hsbc - North America (U. S.) Tax Reduction Investment Plan end-of-year assets rose from $4.5B in the plan year 2023 filing to $4.9B in the plan year 2024 filing.
  • Hsbc - North America (U. S.) Tax Reduction Investment Plan reported participants fell from 6,992 in the plan year 2023 filing to 6,684 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 232186091 · Hsbc North America Holdings Inc. PY 2024 · 401(k)

Hsbc - North America (U. S.) Tax Reduction Investment Plan · $4.9B · 6,684 · 100th

  • PART $4.9B
  • TYPE 6,684
  • NET 100th
  • BOOK 401(k)
  • VS-ST near Banner Health Employees 401(k) Plan
  • BOY ind #1118

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 Management of Enterprises retirement plans → · Plans in Illinois →

Hsbc - North America (U. S.) Tax Reduction Investment Plan in the asset neighbourhood

T. Rowe Price U.S. Retirement ProgramT. Rowe Price U.S. Retiremen…$4.9BChubb US 401(k) Plan$5.0BHsbc - North America (U. S.) Tax Reduction Investment PlanHsbc - North America (U. S.)…$4.9BBanner Health Employees 401(k) PlanBanner Health Employees 401(…$4.9BUpmc 401(a) Retirement Savings PlanUpmc 401(a) Retirement Savin…$4.9B
End-of-year total assets ($B) among Hsbc - North America (U. S.) Tax Reduction Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$4.5B
Net Assets (End of Year)$4.9B
Net Income$425M
Employer EIN232186091
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hsbc North America Holdings Inc.)

Sponsor-wide plan assets over time

All Hsbc North America Holdings Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8.2B 9.105005227907393% vs 2022
2024 filing year
$7B$7.5B$8B$8.5B 202220232024 $7.52B $8.2B ▲ +9.0%
Year Plans Participants Total Assets
2022 2 11,984 $7.5B
2023 2 9,719 $8.1B
2024 2 9,131 $8.2B

Nearby 401(k) Plans in Illinois

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

Hsbc - North America (U. S.) Tax Reduction Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 0510152025 Total assets ($B) Participants Hsbc - North America (U. S.) Tax Reduction Investment Plan, Total assets ($B): 4.931825202 · Participants: 6684Hsbc - North America (U. S.) Tax Reduction Investment PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
Hsbc - North America (U. S.) Tax Reduction Investment Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Hsbc - North America (U. S.) Tax Reduction Investment Plan side-by-side with 3 peers →

Scale composition for Hsbc - North America (U. S.) Tax Reduction Investment Plan

Hsbc - North America (U. S.) Tax Reduction Investment Plan reports $4.9B in end-of-year assets across 6,684 participants (0.040% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $737,855 per participant (5.3x the national average assets-per-participant) . Net income for plan year 2024 was $425M.

This plan identity (EIN 232186091, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.0B to $4.9B (+23.2%) while covered participants moved from 8,442 to 6,684 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,442 $4.0B Open filing
2023 6,992 $4.5B Open filing
2024 · index core 6,684 $4.9B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Hsbc - North America (U. S.) Tax Reduction Investment Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Banner Health Employees 401(k) Plan in AZ ($4.9B); by covered participants it is Savings Program for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee in TN (6,683 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (6,684 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 Hsbc - North America (U. S.) Tax Reduction Investment Plan assets move in 2024? ▼
Hsbc - North America (U. S.) Tax Reduction Investment Plan grew at a solid clip - up 9.4% during 2024, from $4.5B to $4.9B. Reported net income was $425M.
How have Hsbc North America Holdings Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hsbc North America Holdings Inc.'s sponsor-wide assets grew 9.1%, from $7.5B to $8.2B.
Where does Hsbc - North America (U. S.) Tax Reduction Investment Plan rank by assets among Form 5500 filers? ▼
Hsbc - North America (U. S.) Tax Reduction Investment Plan ranks in the 100th 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 Hsbc - North America (U. S.) Tax Reduction Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Banner Health Employees 401(k) Plan in AZ ($4.9B, 54,731 participants).
Which 401(k) plans cover a similar participant headcount to Hsbc - North America (U. S.) Tax Reduction Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Savings Program for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee in TN (6,683 participants, $1.5B 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 232186091.

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.