Illinois › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
John Deere Tax Deferred Savings Plan
Sponsored by Deere & Company, Moline, IL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Deere & Company of Moline, Illinois sponsors John Deere Tax Deferred Savings Plan, an ESOP with a 401(k) feature. Its Form 5500 for the plan year ending 31 Oct 2025 shows 15,110 participants (11,623 active) and $2.08B in net assets.
Net assets came to $137,585 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $41.5M during the year, or $3,569 per active participant against a same-size median of $2,424; participants contributed $81.9M and $8.2M arrived as rollovers and other contributions. Benefits paid out totalled $148M.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $210K: $13.91 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $210K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $631M in 2009 to $2.08B in 2024 (up 229%), and participants from 14,130 to 15,110 (up 7%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $137,585 | $64,499 | $62,303 | $53,102 |
| Employer contributions per active participant | $3,569 | $2,424 | $2,187 | $2,175 |
| Schedule C compensation per participant | $13.91 | $53.38 | $136 | $123 |
| Schedule C compensation, share of net assets | 0.01% | 0.09% | 0.24% | 0.26% |
| Administrative expenses per participant | $13.91 | $54.85 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 15,110 | $2.08B | $137,585 | $41.5M | $81.9M | $210K |
| 2023 | 16,045 | $1.77B | $110,201 | $52.6M | $93.4M | $233K |
| 2022 | 17,152 | $1.38B | $80,491 | $54.1M | $96.1M | $229K |
| 2021 | 17,250 | $1.28B | $74,337 | $38.9M | $82.5M | $199K |
| 2020 | 15,700 | $1.43B | $91,250 | $20.2M | $53.6M | $181K |
| 2019 | 13,858 | $1.09B | $78,890 | $17.2M | $43.8M | $181K |
| 2018 | 14,136 | $986M | $69,756 | $17.6M | $44.6M | $173K |
| 2017 | 14,294 | $871M | $60,915 | $15.5M | $40.3M | $166K |
| 2016 | 13,335 | $856M | $64,156 | $12.2M | $32.3M | $158K |
| 2015 | 13,806 | $724M | $52,476 | $11.3M | $28.1M | $174K |
| 2014 | 12,855 | $719M | $55,936 | $8.9M | $33.4M | $161K |
| 2013 | 13,115 | $745M | $56,827 | $4.9M | $40.1M | $164K |
| 2012 | 15,278 | $718M | $46,969 | $4.5M | $40.9M | $185K |
| 2011 | 16,059 | $671M | $41,797 | $4.3M | $42.7M | $75K |
| 2010 | 15,484 | $630M | $40,678 | $3.6M | $38.2M | $63K |
| 2009 | 14,130 | $631M | $44,668 | $3.1M | $32.2M | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,768,171,459
- Employer contributions$41,479,788
- Participant contributions$81,890,711
- Rollovers and other contributions$8,213,464
- Total contributions$131,583,963
- Total income, including investment results$461,347,755
- Benefits paid$147,726,085
- Administrative expenses$210,212
- Total expenses$148,972,463
- Net income$312,375,292
- Net transfers−$1,639,887
- Net assets, end of year$2,078,906,864
Participants
- Active participants11,623
- Retired or separated, receiving benefits817
- Retired or separated, entitled to future benefits2,570
- Participants with account balances14,854
- Total participants, end of year15,110
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fid Inv Inst Ops Co. | Participant loan processing | $210,212 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$200,912
- Contract administrator fees$9,300
- Total administrative expenses$210,212
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$2.04B · 98.2%
- Participant loans$37.7M · 1.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2JCode section 401(k) feature2KCode section 401(m) arrangement2GTotal participant-directed account plan2OESOP other than a leveraged ESOP2RParticipant-directed brokerage accounts provided as an investment option under the plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 333100: Agriculture, Construction, & Mining Machinery Mfg.
Other plans of Deere & Company
| Plan | Participants | Net assets |
|---|---|---|
| John Deere Pension Plan for Salaried Employees | 34,156 | $8.72B |
| John Deere Pension Plan for Wage Employees | 29,364 | $4.12B |
| John Deere Savings and Investment Plan | 26,538 | $12.9B |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Brunswick Rewards Plan | Brunswick Corporation | 15,564 | $1.81B | $116,378 |
| LSC Savings Plan | LSC Communications, LLC | 14,086 | $970M | $68,834 |
| Packaging Corporation of America Thrift Plan for Hourly Employees | Packaging Corporation of America | 15,621 | $1.50B | $96,254 |
| Adm 401(k) and Employee Stock Ownership Plan for Hourly Employees | Archer Daniels Midland Company | 12,565 | $702M | $55,833 |
| Dover Corporation Retirement Savings Plan | Dover Corporation | 18,306 | $1.86B | $101,660 |
| Adm 401(k) and Employee Stock Ownership Plan for Salaried Employees | Archer Daniels Midland Company | 11,530 | $2.31B | $200,732 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is John Deere Tax Deferred Savings Plan?
15,110 participants at the end of the plan year ending 31 Oct 2025, of whom 11,623 were active employees, with net assets of $2,078,906,864. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Deere & Company contribute per participant?
The filing reports $41,479,788 in employer contributions for the year, which is $3,569 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $210,212 in compensation to service provider organisations, $13.91 per participant or 0.01% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $210,212. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Deere & Company. Recordkeeping or administration: Fid Inv Inst Ops Co.. The financial statements were audited by Deloitte & Touche LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 4 Aug 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-2382580, plan 008, received 4 Aug 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.