Volvo Group North America 401(k) match, vesting and fees
What Volvo Group North America'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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen 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.
| Volvo Group North America: employer contribution per participant | $8,702 | |
| Peer median | $2,895 |
| Volvo Group North America: average balance | $192,751 | |
| Peer median | $115,263 |
| Volvo Group North America: admin expenses ÷ assets | 0.04% | |
| 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 $1.2B at the end of plan year 2021 to $1.5B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,644 | $1.5B | $65.7M | $8,702 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 7,475 | $1.2B | $59.2M | $7,918 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 7,332 | $993M | $53M | $7,407 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 8,610 | $1.2B | $17.4M | $2,584 | 0.05% | Not published | Form 5500 ↗ |
Other Volvo Group North America plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Voluntary Investment Pretax Plan for the Volvo Group North America 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Volvo Group North America 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 | Telus Health | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Volvo Group North America New River Valley 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.
| Recordkeeper | Telus Health | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Lewis Center 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.
| Recordkeeper | Telus Health | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Volvo Group North America match 401(k) contributions?
The match terms for the Volvo Group North America Voluntary Investment Pretax Plan have not been published from its filing yet. The plan year 2024 filing reports $65.7M in employer contributions, about $8,702 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Volvo Group North America 401(k) match vested?
The vesting schedule for the Volvo Group North America Voluntary Investment Pretax Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Volvo Group North America 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Volvo Group North America, LLC.
I left Volvo Group North America. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Volvo Group North America, LLC, (336) 541-1231) or the recordkeeper, Transamerica Retirement Solutions. The Volvo Group North America old 401(k) page lists the contacts from every plan filing. Find an old Volvo Group North America 401(k)
Data from the public Form 5500 annual reports Volvo Group North America 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 Volvo Group North America. Not financial advice. Report a correction · Methodology