2023 Form 5500 filing — Michelin 401(K) Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241011144328NAL0039044768001) for Michelin 401(K) Savings Plan, reported by Michelin North America, Inc. C/O Retirement Manager under EIN 11-1724631 and plan number 003. It reports 19,381 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011144328NAL0039044768001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Michelin North America, Inc. C/O Retirement Manager
- EIN
- 11-1724631
- Plan number
- 003
- Location
- Greenville, SC
- Participants
- 19,381
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,081,217,676
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,081,217,676
- Employer contributions
- $120,254,171
- Participant contributions
- $109,159,176
- Total income / additions
- $790,043,092
- Benefits paid
- $324,321,423
- Administrative expenses
- $896,614
- Total expenses
- $325,272,572
- Net increase / (decrease)
- $464,770,520
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $893,399 | $0 |
| Aon Consulting, Inc. (Nj) | NONE | $85,210 | not reported in the loaded dataset |
| Vanguard Advisers Inc. | NONE | $6,555 | not reported in the loaded dataset |