Plan Ledger DOL Form 5500 · updated monthly

Trane Technologies Company LLC401(k)

TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP) · DAVIDSON, NC · plan year 2024

Employer contribution per participant · 2024
$8,142

Trane Technologies Company LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $7,513,116,036 across 27,603 participant accounts, with employer contributions averaging $8,142 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 9th-largest of 2,005 plans among North Carolina employers on file, and the 56th of 13,661 in manufacturing. In 2024, employees put in $1.16 for every $1.00 the employer contributed; active participation has grown from 18,144 to 21,584 since 2022.

Plan summary
Net assets, end of year$7,513,116,036
Participants with balances27,603
Active participants21,584
Employer contributions$175,739,531
Employee contributions$204,686,615
Employer contribution per active participant$8,142
Average account balance$272,185
Benefits paid to participants$582,829,663
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5B · 27,603 accts · $175.7M emplr
2023$6.2B · 25,592 accts · $153.3M emplr
2022$5.0B · 23,642 accts · $126.1M emplr
The Trane Technologies Company LLC 401(k) match · 2024
Employer contribution per active participant$8,142
Median for plans this size$5,259
2024$8,142 per active participant
2023$7,790 per active participant
2022$6,951 per active participant

Trane Technologies Company LLC's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN FOR BARGAINED EMPLOYEES401(k)
TRANE TECHNOLOGIES EMPLOYEE SAVINGS PLAN (ESP)401(k)
Same employer
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Nucor Corporation NC$9.3B · 0.00%
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Commscope, Inc. NC$2.1B · 0.05%
Reynolds American Inc. NC$2.0B · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135156640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.