401(k) · DOL Form 5500 · 2024
Sandvik, Inc. 401(k) Plan
Data updated 2026-08-11
- $693M
- Total assets
- 2,698
- Participants
- 98th
- Percentile by assets
- $256,862
- Avg per participant
Official DOL plan name: Sandvik 401(k) Retirement Plan · Sponsored by Sandvik, Inc. · North Carolina · Manufacturing
$693M in assets, 2,698 participants
Sandvik, Inc.'s Sandvik 401(k) Retirement Plan reported $693M in total assets and 2,698 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 123,622 plans)
- #17,173 in Manufacturing (17,777 peers)
Coverage in North Carolina
Sandvik 401(k) Retirement Plan covers 2,698 participants in North Carolina, 3.3x the typical North Carolina plan (state average ~819 per filing). Assets: $693M.
- $693M
- total plan assets (2024 EOY)
- 2,698
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $256,862
- avg assets per participant
Where Sandvik 401(k) Retirement Plan sits by total assets
Sandvik 401(k) Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$693,014,267 Top 2% higher than 98% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sandvik 401(k) Retirement Plan reported net income fell from $84M in the plan year 2023 filing to $56M in the plan year 2024 filing.
- Sandvik 401(k) Retirement Plan end-of-year assets rose from $624M in the plan year 2023 filing to $693M in the plan year 2024 filing.
- Sandvik 401(k) Retirement Plan reported participants rose from 2,577 in the plan year 2023 filing to 2,698 in the plan year 2024 filing.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sandvik 401(k) Retirement Plan reports 2,698 participants - 3.3x that state average ($693M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $624M |
|---|---|
| Net Assets (End of Year) | $693M |
| Net Income | $56M |
| Employer EIN | 221717737 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sandvik, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,052 | $1.2B |
| 2023 | 2 | 3,008 | $1.2B |
| 2024 | 2 | 3,101 | $1.3B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sandvik 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sandvik 401(k) Retirement Plan by total assets, not by location.
- The Marvin Companies Profit Sharing and 401(k) Plan (MN) $693M · 6,770
- Menasha Corporation 401(k) Retirement Savings Plan (WI) $693M · 5,037
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan (PA) $694M · 1,445
- J.M. Huber Coporation 401(k) Savings Plan (GA) $692M · 2,337
Frequently Asked Questions
How did Sandvik 401(k) Retirement Plan assets move in 2024? ▼
How have Sandvik, Inc. plan assets changed over time? ▼
Where does Sandvik 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sandvik 401(k) Retirement Plan? ▼
Next read for Sandvik 401(k) Retirement Plan
Filing takeaways
Ways to act on Sandvik 401(k) Retirement Plan's numbers.
- By total assets, Sandvik 401(k) Retirement 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 North Carolina. Compare plans
- Sandvik, Inc.'s sponsor-wide assets have grown 11.0% since 2022 across 3 plan years on file. More Manufacturing plans