Defined Benefit (Pension) · DOL Form 5500 · 2022

Upper Peninsula Power Company Pension Plan

Data updated 2026-08-11

$91M
Total assets
61
Participants
92nd
Percentile by assets
$1.5M
Avg per participant
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Official DOL plan name: Upper Peninsula Power Company Retirement Plan · Sponsored by Upper Peninsula Power Company · Michigan · Utilities

$91M in assets, 61 participants

Upper Peninsula Power Company's Upper Peninsula Power Company Retirement Plan reported $91M in total assets and 61 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • 92nd percentile by assets (of 139,126 plans)
  • #472 in Utilities (738 peers)

Utilities sector rank

Within Utilities, Upper Peninsula Power Company Retirement Plan ranks #472 of 738 2022 filers by assets (591% of the sector average)-$91M for 61 participants.

$91M
total plan assets (2022 EOY)
61
covered participants
92nd
percentile by assets (of 139,126 plans)
$1.5M
avg assets per participant

The plan reported a net loss of $34M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Upper Peninsula Power Company Retirement Plan sits by total assets

Upper Peninsula Power Company Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$90,895,711 Top 8% higher than 92% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
Michigan
Industry
Utilities

Rank #472 in Utilities

Among 738 Utilities plans that filed a Form 5500 for plan year 2022, Upper Peninsula Power Company Retirement Plan ranks #472 by end-of-year assets - about 591% of the sector average of $537M. Nationally it sits in the 92nd percentile, a weaker position within its industry than across all filers.

Utilities filing particulars

Total Assets (Beginning of Year)$125M
Net Assets (End of Year)$91M
Net Income-$34M
Employer EIN381280574
Plan Effective Date2014-01-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Upper Peninsula Power Company)

$86M$88M$90M$92M$94M 202220232024 $90.9M $87.3M ▼ -3.9%
Total plan assets by year, all Upper Peninsula Power Company plans on file
Year Plans Participants Total Assets
2022 1 61 $91M
2023 1 58 $92M
2024 1 52 $87M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Upper Peninsula Power Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Upper Peninsula Powe…, Total assets ($B): 0.090895711 · Participants: 61Upper Peninsula Powe…General Motors Hourl…, Total assets ($B): 40.23255743 · Participants: 18766General Motors Hourl…Ford Motor Company U…, Total assets ($B): 19.279653433 · Participants: 27567Ford Motor Company U…Ford Motor Company G…, Total assets ($B): 13.42905347 · Participants: 11760Ford Motor Company G…Dow Employees' Pensi…, Total assets ($B): 13.018181682 · Participants: 13759Dow Employees' Pensi…Fca US LLC UAW Pensi…, Total assets ($B): 8.553889919 · Participants: 14563Fca US LLC UAW Pensi…
Upper Peninsula Power Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Upper Peninsula Power Company Retirement… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Upper Peninsula Power Company Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Upper Peninsula Power Company Retirement Plan assets move in 2022? ▼
Upper Peninsula Power Company Retirement Plan declined sharply - down 27.4% during 2022, from $125M to $91M. Reported net income was -$34M.
How have Upper Peninsula Power Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Upper Peninsula Power Company's sponsor-wide assets declined 3.9%, from $91M to $87M.
Where does Upper Peninsula Power Company Retirement Plan rank by assets among Form 5500 filers? ▼
Upper Peninsula Power Company Retirement Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Upper Peninsula Power Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is U.S. Silica Company Retirement Plan in TX ($91M, 217 participants).

Next read for Upper Peninsula Power Company Retirement…

Filing takeaways

Ways to act on Upper Peninsula Power Company Retirement Plan's numbers.

  • By total assets, Upper Peninsula Power Company Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
  • Upper Peninsula Power Company's sponsor-wide assets have declined 3.9% since 2022 across 3 plan years on file. More Utilities plans

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 381280574.

Read our methodology - how this data is sourced, computed, and verified.

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