401(k) · DOL Form 5500 · 2024
Schaeffler Group USA Inc. 401(k) Plan
Data updated 2026-08-11
- $800M
- Total assets
- 4,937
- Participants
- 98th
- Percentile by assets
- $162,064
- Avg per participant
Official DOL plan name: Schaeffler Group USA Savings Retirement Plan · Sponsored by Schaeffler Group USA Inc. · South Carolina · Manufacturing
$800M in assets, 4,937 participants
Schaeffler Group USA Inc.'s Schaeffler Group USA Savings Retirement Plan reported $800M in total assets and 4,937 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)
- #17,226 in Manufacturing (17,777 peers)
Coverage in South Carolina
Schaeffler Group USA Savings Retirement Plan covers 4,937 participants in South Carolina, 13x the typical South Carolina plan (state average ~369 per filing). Assets: $800M.
- $800M
- total plan assets (2024 EOY)
- 4,937
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $162,064
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Schaeffler Group USA Savings Retirement Plan reported net income fell from $116M in the plan year 2023 filing to $84M in the plan year 2024 filing.
- Schaeffler Group USA Savings Retirement Plan end-of-year assets rose from $716M in the plan year 2023 filing to $800M in the plan year 2024 filing.
- Schaeffler Group USA Savings Retirement Plan reported participants rose from 4,857 in the plan year 2023 filing to 4,937 in the plan year 2024 filing.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Schaeffler Group USA Savings Retirement Plan reports 4,937 participants - 13x that state average ($800M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $716M |
|---|---|
| Net Assets (End of Year) | $800M |
| Net Income | $84M |
| Employer EIN | 570517596 |
| Plan Effective Date | 1993-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Schaeffler Group USA Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,627 | $771M |
| 2023 | 1 | 4,857 | $716M |
| 2024 | 2 | 5,505 | $948M |
Nearby 401(k) Plans in South Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Schaeffler Group USA Savings Retirement Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
- Michelin 401(k) Savings Plan $4.5B · 15,095
- The Savannah River Nuclear Solutions, LLC Defined Contribution Plan $2.8B · 9,296
- Sonoco Retirement & Savings Plan $1.7B · 11,813
- Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan $1.5B · 11,878
- The Milliken Retirement Plan $1.4B · 5,733
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Schaeffler Group USA Savings Retirement Plan by total assets, not by location.
- Medical Mutual of Ohio Employees' Retirement Savings Plan (OH) $799M · 3,049
- Waste Connections, Inc. 401(k) Profit Sharing Plan (TX) $799M · 16,709
- The 401(k) Retirement Plan of Heidelberg Materials US (TX) $798M · 4,902
- Williams-Sonoma, Inc. 401(k) Plan (CA) $798M · 18,752
Frequently Asked Questions
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Filing takeaways
Ways to act on Schaeffler Group USA Savings Retirement Plan's numbers.
- By total assets, Schaeffler Group USA Savings 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 South Carolina. Compare plans
- Schaeffler Group USA Inc.'s sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Manufacturing plans