401(k) · DOL Form 5500 · 2024
Michelin North America, Inc. C/O Retirement Manager 401(k) Plan
Data updated 2026-08-06
- $4.5B
- Total assets
- 15,095
- Participants
- 100th
- Percentile by assets
- $296,623
- Avg per participant
Official DOL plan name: Michelin 401(k) Savings Plan · Sponsored by Michelin North America, Inc. C/O Retirement Manager · South Carolina · Manufacturing
$4.5B in assets, 15,095 participants
Michelin North America, Inc. C/O Retirement Manager's Michelin 401(k) Savings Plan reported $4.5B in total assets and 15,095 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)
- #16,769 in Manufacturing (16,886 peers)
Coverage in South Carolina
Michelin 401(k) Savings Plan covers 15,095 participants in South Carolina, 40x the typical South Carolina plan (state average ~376 per filing). Assets: $4.5B.
- $4.5B
- total plan assets (2024 EOY)
- 15,095
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $296,623
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Michelin 401(k) Savings Plan reported net income fell from $465M in the plan year 2023 filing to $393M in the plan year 2024 filing.
- Michelin 401(k) Savings Plan end-of-year assets rose from $4.1B in the plan year 2023 filing to $4.5B in the plan year 2024 filing.
- Michelin 401(k) Savings Plan reported participants rose from 14,439 in the plan year 2023 filing to 15,095 in the plan year 2024 filing.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 376 participants across 1,417 plans. Michelin 401(k) Savings Plan reports 15,095 participants - 40x that state average ($4.5B EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $4.1B |
|---|---|
| Net Assets (End of Year) | $4.5B |
| Net Income | $393M |
| Employer EIN | 111724631 |
| Plan Effective Date | 1986-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Michelin North America, Inc. C/O Retirement Manager)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 20,900 | $6.0B |
| 2023 | 5 | 21,315 | $6.6B |
| 2024 | 3 | 17,835 | $4.8B |
Nearby 401(k) Plans in South Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Michelin 401(k) Savings Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
- 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
- Retirement Savings Plan for Employees of Continental-Rubber $1.3B · 11,080
Scale composition for Michelin 401(k) Savings Plan
Michelin 401(k) Savings Plan reports $4.5B in end-of-year assets across 15,095 participants (0.038% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.017% of 89,805,449 covered participants) - about $296,623 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2024 was $393M.
This plan identity (EIN 111724631, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.6B to $4.5B (+23.8%) while covered participants moved from 13,708 to 15,095 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 13,708 | $3.6B | Open filing |
| 2023 | 14,439 | $4.1B | Open filing |
| 2024 · index core | 15,095 | $4.5B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Michelin Retirement Plan (Defined Benefit (Pension), $2.2B, 3,743 participants)
- Bfg Wage Defined Contribution Retirement Plan (401(k), $300M, 2,465 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Michelin 401(k) Savings Plan by total assets, not by location.
- Laboratory Corporation of America Holdings 401(k) Savings Plan (NC) $4.5B · 47,710
- Thomson Reuters 401(k) Savings Plan (MN) $4.5B · 8,868
- Iu Health 401(k) Savings Plan (IN) $4.5B · 38,460
- Deutsche Bank Matched Savings Plan (NY) $4.5B · 8,101
Frequently Asked Questions
How did Michelin 401(k) Savings Plan assets move in 2024? ▼
How have Michelin North America, Inc. C/O Retirement Manager plan assets changed over time? ▼
Where does Michelin 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Michelin 401(k) Savings Plan? ▼
Next read for Michelin 401(k) Savings Plan
Filing takeaways
Ways to act on Michelin 401(k) Savings Plan's numbers.
- By total assets, Michelin 401(k) Savings 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 South Carolina. Compare plans
- Michelin North America, Inc. C/O Retirement Manager's sponsor-wide assets have declined 19.1% since 2022 across 3 plan years on file. More Manufacturing plans