Danfoss Power Solutions II 401(k) match, vesting and fees
What Danfoss Power Solutions II's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Uhy LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Danfoss Power Solutions II: employer contribution per participant | $5,247 | |
| Peer median | $2,413 |
| Danfoss Power Solutions II: average balance | $64,284 | |
| Peer median | $86,456 |
| Danfoss Power Solutions II: admin expenses ÷ assets | 0.20% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $89.2M at the end of plan year 2021 to $178M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,810 | $178M | $14.5M | $5,247 | 0.20% | Not published | Form 5500 ↗ |
| 2023 | 2,847 | $148M | $16.1M | $5,695 | 0.23% | Not published | Form 5500 ↗ |
| 2022 | 2,729 | $105M | $15.7M | $5,837 | 0.26% | Not published | Form 5500 ↗ |
| 2021 | 2,756 | $89.2M | $6.7M | $2,454 | 0.10% | Not published | Form 5500 ↗ |
Other Danfoss Power Solutions II plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Danfoss Personal Investment Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Uhy, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Danfoss Power Solutions II match 401(k) contributions?
The match terms for the Danfoss USA Savings Plan II have not been published from its filing yet. The plan year 2024 filing reports $14.5M in employer contributions, about $5,247 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Danfoss Power Solutions II 401(k) match vested?
The vesting schedule for the Danfoss USA Savings Plan II is not in the data published so far. Your Summary Plan Description states it.
Who manages the Danfoss Power Solutions II 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Danfoss Power Solutions II, LLC.
I left Danfoss Power Solutions II. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Danfoss Power Solutions II, LLC, (515) 239-6000) or the recordkeeper, Empower Annuity Insurance Company O. The Danfoss Power Solutions II old 401(k) page lists the contacts from every plan filing. Find an old Danfoss Power Solutions II 401(k)
Data from the public Form 5500 annual reports Danfoss Power Solutions II filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Danfoss Power Solutions II. Not financial advice. Report a correction · Methodology