Defined Benefit (Pension) · DOL Form 5500 · 2022
Sumitomo Mitsui Banking Corporation Pension Plan
Data updated 2026-08-11
- $242M
- Total assets
- 2,505
- Participants
- 96th
- Percentile by assets
- $96,662
- Avg per participant
Official DOL plan name: Sumitomo Mitsui Banking Corporation Retirement Plan · Sponsored by Sumitomo Mitsui Banking Corporation · New York · Finance & Insurance
$242M in assets, 2,505 participants
Sumitomo Mitsui Banking Corporation's Sumitomo Mitsui Banking Corporation Retirement Plan reported $242M in total assets and 2,505 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 139,126 plans)
- #8,664 in Finance & Insurance (9,261 peers)
Coverage in New York
Sumitomo Mitsui Banking Corporation Retirement Plan covers 2,505 participants in New York, 3.1x the typical New York plan (state average ~798 per filing). Assets: $242M.
- $242M
- total plan assets (2022 EOY)
- 2,505
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $96,662
- avg assets per participant
The plan reported a net loss of $49M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Sumitomo Mitsui Banking Corporation Retirement Plan reports 2,505 participants - 3.1x that state average ($242M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $291M |
|---|---|
| Net Assets (End of Year) | $242M |
| Net Income | -$49M |
| Employer EIN | 135611820 |
| Plan Effective Date | 1979-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Mitsui Banking Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,480 | $715M |
| 2023 | 2 | 6,815 | $901M |
| 2024 | 2 | 7,891 | $1.1B |
Nearby Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sumitomo Mitsui Banking Corporation Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
- IBM Personal Pension Plan $25.5B · 16,431
- Consolidated Edison Retirement Plan $15.8B · 11,303
- Pepsico Employees Retirement Plan I $7.7B · 11,386
- New York State Nurses Association Pension Plan $5.0B · 18,592
- New York District Council of Carpenters Pension Pl $4.8B · 11,318
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sumitomo Mitsui Banking Corporation Retirement Plan by total assets, not by location.
- Adm Pension Plan for Hourly-Wage Employees (IL) $242M · 8,827
- Cuna Mutual Pension Plan for Represented Employees (WI) $242M · 491
- Schlage Lock Company LLC Pension Plan (IN) $242M · 1,308
- Akin Gump Strauss Hauer & Feld Partners' Retirement Plan (TX) $242M · 256
Frequently Asked Questions
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Filing takeaways
Ways to act on Sumitomo Mitsui Banking Corporation Retirement Plan's numbers.
- By total assets, Sumitomo Mitsui Banking Corporation Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- Sumitomo Mitsui Banking Corporation's sponsor-wide assets have grown 54.7% since 2022 across 3 plan years on file. More Finance & Insurance plans