Danfoss Power Solutions US 401(k) match, vesting and fees
What Danfoss Power Solutions US' 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 ↗ |
How the plan compares
Plan year 2024 medians for 1,622 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Danfoss Power Solutions US: employer contribution per participant | $3,756 | |
| Peer median | $2,413 |
| Danfoss Power Solutions US: average balance | $129,978 | |
| Peer median | $86,434 |
| Danfoss Power Solutions US: admin expenses ÷ assets | 0.10% | |
| 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 $507M at the end of plan year 2023 to $564M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,379 | $564M | $16.3M | $3,756 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 4,670 | $507M | $16.6M | $3,590 | 0.09% | Not published | Form 5500 ↗ |
Other Danfoss Power Solutions US plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Danfoss Power Solutions Savings 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.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Danfoss Power Solutions Employees' Retirement 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 | Mercer | Schedule C ↗ |
| Independent auditor | Uhy LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Factory Pension Plan of Danfoss Power Solutions(Lasalle) and Intl Union, United Automobile, Aerospace and Agric Wkers of Am Local Union 28
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.
| Independent auditor | Uhy LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Danfoss Power Solutions US match 401(k) contributions?
The match terms for the Danfoss USA Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $16.3M in employer contributions, about $3,756 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Danfoss Power Solutions US 401(k) match vested?
The vesting schedule for the Danfoss USA Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Danfoss Power Solutions US 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 US Company.
I left Danfoss Power Solutions US. 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 US Company, (515) 239-6000) or the recordkeeper, Empower Annuity Insurance Company O. The Danfoss Power Solutions US old 401(k) page lists the contacts from every plan filing. Find an old Danfoss Power Solutions US 401(k)
Data from the public Form 5500 annual reports Danfoss Power Solutions US filed with the U.S. Department of Labor (plan years 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 US. Not financial advice. Report a correction · Methodology