Michelin 401(K) Savings Plan — Form 5500 plan (Michelin North America, Inc. C/O Retirement Manager)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Michelin 401(K) Savings Plan is a benefit plan reported by Michelin North America, Inc. C/O Retirement Manager under EIN 11-1724631 and plan number 003. The latest loaded filing year is 2023. The filing reports 19,381 participants and $4,081,217,676 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Michelin North America, Inc. C/O Retirement Manager
- EIN
- 11-1724631
- Plan number
- 003
- Plan type
- 2
- Location
- Greenville, SC
- Latest filing year
- 2023
- Participants
- 19,381
- End-of-year plan assets
- $4,081,217,676
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 19,381 | H, C | 20241011144328NAL0039044768001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,081,217,676
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,081,217,676
- Net assets (BOY)
- $3,615,828,322
Income & contributions
- Employer contributions
- $120,254,171
- Participant contributions
- $109,159,176
- Total contributions
- $251,986,088
- Total income / additions
- $790,043,092
Expenses & distributions
- Benefits paid
- $324,321,423
- Administrative expenses
- $896,614
- Total expenses
- $325,272,572
- Net increase / (decrease)
- $464,770,520
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $893,399 | $0 | 2023 |
| Aon Consulting, Inc. (Nj) | NONE | $85,210 | not reported in the loaded dataset | 2023 |
| Vanguard Advisers Inc. | NONE | $6,555 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Michelin North America, Inc. C/O Retirement Manager
- 2023 Form 5500 filing
- Form 5500 filings in SC
- 401(k) and benefit plan filings in Greenville, SC
- The Vanguard Group, Inc. — Schedule C compensation
- Aon Consulting, Inc. (Nj) — Schedule C compensation
- Vanguard Advisers Inc. — Schedule C compensation