401(k) · DOL Form 5500 · 2024

Hsbc North America Holdings Inc. 401(k) Plan

Data updated 2026-07-24

$4.9B
Total assets: 6,684
Participants: 100th
Percentile by assets: $737,855
Avg per participant

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.

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

Coverage in Illinois

Hsbc - North America (U. S.) Tax Reduction Investment Plan covers 6,684 participants in Illinois, 8.7x the typical Illinois plan (state average ~768 per filing). Assets: $4.9B.

$4.9B
total plan assets (2024 EOY): 6,684
covered participants: 100th
percentile by assets (of 116,472 plans): $737,855
avg assets per participant

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 →

State

Illinois

Industry

Management of Enterprises

Participants vs Illinois filers

In Illinois, the average filing covers about 768 participants across 5,440 plans. Hsbc - North America (U. S.) Tax Reduction Investment Plan reports 6,684 participants - 8.7x that state average ($4.9B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$4.5B
Net Assets (End of Year)	$4.9B
Net Income	$425M
Employer EIN	232186091
Plan Effective Date	1984-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Hsbc North America Holdings Inc.)

Total plan assets by year, all Hsbc North America Holdings Inc. plans on file

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

Accenture United States 401(k) Match and Savings Plan $21.3B · 66,965
State Farm 401(k) Savings Plan $19.0B · 63,297
United Airlines Pilot Retirement Account Plan $16.8B · 16,659
Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
Walgreens Retirement Savings Plan $14.5B · 233,635

Compare Hsbc - North America (U. S.) Tax Reducti… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Hsbc - North America (U. S.) Tax Reduction Investment Plan by total assets, not by location.

Banner Health Employees 401(k) Plan (AZ) $4.9B · 54,731
T. Rowe Price U.S. Retirement Program (MD) $4.9B · 6,639
Chubb US 401(k) Plan (PA) $5.0B · 15,396
Upmc 401(a) Retirement Savings Plan (PA) $4.9B · 98,482

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 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 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).

Next read for Hsbc - North America (U. S.) Tax Reducti…

Filing takeaways

Ways to act on Hsbc - North America (U. S.) Tax Reduction Investment Plan's numbers.

By total assets, Hsbc - North America (U. S.) Tax Reduction Investment Plan 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 Illinois. Compare plans
Hsbc North America Holdings Inc.'s sponsor-wide assets have grown 9.1% since 2022 across 3 plan years on file. More Management of Enterprises 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 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.