401(k)
2022 plan-year 401(k) DOL Form 5500

Covestro LLC Savings and Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Covestro LLC · Pennsylvania · Manufacturing

What the 2023 filing shows

Covestro LLC Savings and Retirement Plan holds $1.3B for 2,673 participants — about $481,741 per participant, down 16.9% over the 2022 plan year.

$1.3B
total plan assets (2022 EOY)
2,673
covered participants
$481,741
avg assets per participant
-16.9%
assets change YoY

The plan reported a net loss of $262M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$1.3B
Participants
2,673
State
Industry
Manufacturing

What the Filing Says About Covestro LLC Savings and Retirement Plan

Covestro LLC Savings and Retirement Plan is a 401(k) retirement plan sponsored by Covestro LLC, headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $1.3B in total end-of-year assets and covers 2,673 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 061653740, and the plan has been effective since 2015-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.5B at the beginning of 2022 to $1.3B at year-end — a decline of 16.9%. Net assets (after liabilities) closed the year at $1.3B, with reported net income of $-261,596,335 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1.5B
Total Assets (End of Year)$1.3B
Net Assets (End of Year)$1.3B
Net Income$-261,596,335
Plan Type401(k)
Employer EIN061653740
Plan Effective Date2015-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covestro LLC)

Year Plans Participants Total Assets
2022 2 3,496 $1.5B
2023 2 3,262 $1.7B
2024 2 3,149 $1.8B

Nearby 401(k) Plans in Pennsylvania

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Frequently Asked Questions

How much money is in the Covestro LLC Savings and Retirement Plan?
As of the 2022 Form 5500 filing, Covestro LLC Savings and Retirement Plan holds $1.3B in total assets with 2,673 participants. It is sponsored by Covestro LLC.
What type of plan is Covestro LLC Savings and Retirement Plan?
Covestro LLC Savings and Retirement Plan is a 401(k) plan. It has been effective since 2015-09-01. The plan is filed with the U.S. Department of Labor under EIN 061653740.
Who sponsors the Covestro LLC Savings and Retirement Plan?
Covestro LLC Savings and Retirement Plan is sponsored by Covestro LLC, located in Pennsylvania. The sponsor's EIN is 061653740 and the plan operates in the Manufacturing industry.
How did Covestro LLC Savings and Retirement Plan perform in 2022?
Covestro LLC Savings and Retirement Plan declined by 16.9% during 2022, moving from $1.5B to $1.3B in total assets. Net income was $-261,596,335.
Where can I find official filings for Covestro LLC Savings and Retirement Plan?
Official Form 5500 filings for Covestro LLC Savings and Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 061653740 or plan name at efast.dol.gov.
How does Covestro LLC Savings and Retirement Plan compare to other plans?
You can compare Covestro LLC Savings and Retirement Plan against other 401(k) plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 061653740.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.