SKF USA 401(k) match, vesting and fees
What SKF 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 | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Baker Tilly US, 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.
| SKF USA: employer contribution per participant | $6,475 | |
| Peer median | $2,413 |
| SKF USA: average balance | $224,848 | |
| Peer median | $86,434 |
| SKF USA: admin expenses ÷ assets | 0.08% | |
| 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 $765M at the end of plan year 2023 to $816M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,656 | $816M | $23.5M | $6,475 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 3,940 | $765M | $24.2M | $6,183 | 0.08% | Not published | Form 5500 ↗ |
Other SKF USA plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Skf USA Inc. 401(k) Retirement and Savings Plan for Union Employees
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 | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Pension Plan for Employees of Skf USA Inc.
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 | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does SKF USA match 401(k) contributions?
The match terms for the Skf USA Inc. 401(k) Retirement and Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $23.5M in employer contributions, about $6,475 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the SKF USA 401(k) match vested?
The vesting schedule for the Skf USA Inc. 401(k) Retirement and Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the SKF USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Skf USA Inc..
I left SKF USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Skf USA Inc., (267) 436-6000) or the recordkeeper, The Vanguard Group, Inc.. The SKF USA old 401(k) page lists the contacts from every plan filing. Find an old SKF USA 401(k)
Data from the public Form 5500 annual reports SKF USA 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 SKF USA. Not financial advice. Report a correction · Methodology