Defined Benefit (Pension) · DOL Form 5500 · 2022
Sumitomo Machinery Corporation of America Pension Plan
Data updated 2026-08-11
- $54M
- Total assets
- 396
- Participants
- 89th
- Percentile by assets
- $135,246
- Avg per participant
Official DOL plan name: Sumitomo Machinery Corporation of America Pension Plan · Sponsored by Sumitomo Machinery Corporation of America · Virginia · Manufacturing
$54M in assets, 396 participants
Sumitomo Machinery Corporation of America's Sumitomo Machinery Corporation of America Pension Plan reported $54M in total assets and 396 participants in its 2022 DOL Form 5500 filing, ranking in the 89th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 89th percentile by assets (of 139,126 plans)
- #17,110 in Manufacturing (20,602 peers)
Where Sumitomo Machinery Corporation of America Pension Plan sits by assets
Sumitomo Machinery Corporation of America Pension Plan sits in the top quartile of all filed plans by assets, $54M for 396 participants (~$135,246/participant), down 8.1% in 2022.
- $54M
- total plan assets (2022 EOY)
- 396
- covered participants
- 89th
- percentile by assets (of 139,126 plans)
- $135,246
- avg assets per participant
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sumitomo Machinery Corporation of America Pension Plan vs the 2022 asset distribution
By assets, Sumitomo Machinery Corporation of America Pension Plan outranks 89% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $58M |
|---|---|
| Net Assets (End of Year) | $54M |
| Net Income | -$5M |
| Employer EIN | 221815055 |
| Plan Effective Date | 1974-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Machinery Corporation of America)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 850 | $109M |
| 2023 | 2 | 852 | $119M |
| 2024 | 2 | 832 | $126M |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sumitomo Machinery Corporation of America Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $18.3B · 14,867
- Retirement Security Plan $9.4B · 54,531
- Ng Space&mission Systems Corp Salaried Pension Pla $8.1B · 7,799
- Dominion Energy Pension Plan $7.3B · 12,832
- Sheet Metal Workers' National Pension Fund $7.2B · 61,068
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sumitomo Machinery Corporation of America Pension Plan by total assets, not by location.
Frequently Asked Questions
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Ways to act on Sumitomo Machinery Corporation of America Pension Plan's numbers.
- By total assets, Sumitomo Machinery Corporation of America Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
- Sumitomo Machinery Corporation of America's sponsor-wide assets have grown 15.8% since 2022 across 3 plan years on file. More Manufacturing plans