Schaeffler Group USA 401(k) match, vesting and fees
What Schaeffler Group USA'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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Blacka Jessup and Henderson 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 283 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| Schaeffler Group USA: employer contribution per participant | $3,340 | |
| Peer median | $2,895 |
| Schaeffler Group USA: average balance | $126,061 | |
| Peer median | $115,263 |
| Schaeffler Group USA: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.08% |
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 $720M at the end of plan year 2021 to $800M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,584 | $800M | $21.2M | $3,340 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 6,915 | $716M | $26M | $3,769 | 0.01% | Not published | Form 5500 ↗ |
| 2022 | 6,912 | $600M | $22.4M | $3,259 | — | Not published | Form 5500 ↗ |
| 2021 | 6,992 | $720M | $21.3M | $3,056 | — | Not published | Form 5500 ↗ |
Other Schaeffler Group USA plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Schaeffler Group USA Inc. Pension 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.
| Independent auditor | Blacka Jessup & Henderson LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Schaeffler Group USA match 401(k) contributions?
The match terms for the Schaeffler Group USA Savings Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $21.2M in employer contributions, about $3,340 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Schaeffler Group USA 401(k) match vested?
The vesting schedule for the Schaeffler Group USA Savings Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Schaeffler Group USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Schaeffler Group USA Inc..
I left Schaeffler Group USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Schaeffler Group USA Inc., (803) 547-7950) or the recordkeeper, Fidelity Investments Institutional. The Schaeffler Group USA old 401(k) page lists the contacts from every plan filing. Find an old Schaeffler Group USA 401(k)
Data from the public Form 5500 annual reports Schaeffler Group USA 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 Schaeffler Group USA. Not financial advice. Report a correction · Methodology