Spx US Pension Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Spx Enterprises, LLC · North Carolina · Manufacturing
What the 2023 filing shows
Spx US Pension Plan holds $170M for 289 participants — about $589,016 per participant, down 32.4% over the 2022 plan year.
- $170M
- total plan assets (2022 EOY)
- 289
- covered participants
- $589,016
- avg assets per participant
- -32.4%
- assets change YoY
The plan reported a net loss of $82M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About Spx US Pension Plan
Spx US Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Spx Enterprises, LLC, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $170M in total end-of-year assets and covers 289 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 881769617, and the plan has been effective since 1956-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $252M at the beginning of 2022 to $170M at year-end — a decline of 32.4%. Net assets (after liabilities) closed the year at $170M, with reported net income of $-81,565,107 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) | $252M |
| Total Assets (End of Year) | $170M |
| Net Assets (End of Year) | $170M |
| Net Income | $-81,565,107 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 881769617 |
| Plan Effective Date | 1956-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Spx Enterprises, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 2,972 | $864M |
| 2023 | 3 | 3,133 | $997M |
| 2024 | 3 | 3,766 | $1.1B |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- Honeywell Retirement Earnings Plan $16.6B · 11,145
- Truist Financial Corporation Pension Plan $14.6B · 45,818
- Employees' Retirement Plan of Duke University $2.6B · 21,020
- Time Warner Cable Pension Plan $2.6B · 16,981
- The Hearst Corporation Retirement Plan $2.4B · 1,922
Related Data
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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 881769617.
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.
Read our methodology — how this data is sourced, computed, and verified.