Defined Benefit (Pension) · DOL Form 5500 · 2022
Sandvik, Inc. Pension Plan
Data updated 2026-08-11
- $615M
- Total assets
- 673
- Participants
- 98th
- Percentile by assets
- $913,198
- Avg per participant
Official DOL plan name: Sandvik Pension Plan · Sponsored by Sandvik, Inc. · North Carolina · Manufacturing
$615M in assets, 673 participants
Sandvik, Inc.'s Sandvik Pension Plan reported $615M in total assets and 673 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 139,126 plans)
- #19,990 in Manufacturing (20,602 peers)
Where Sandvik Pension Plan sits by assets
Sandvik Pension Plan sits in the top 5% of all filed plans by assets, $615M for 673 participants (~$913,198/participant), down 31.5% in 2022.
- $615M
- total plan assets (2022 EOY)
- 673
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $913,198
- avg assets per participant
The plan reported a net loss of $283M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sandvik Pension Plan vs the 2022 asset distribution
By assets, Sandvik Pension Plan outranks 98% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 6.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $897M |
|---|---|
| Net Assets (End of Year) | $615M |
| Net Income | -$283M |
| Employer EIN | 221717737 |
| Plan Effective Date | 1980-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sandvik, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,052 | $1.2B |
| 2023 | 2 | 3,008 | $1.2B |
| 2024 | 2 | 3,101 | $1.3B |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sandvik Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
- Honeywell Retirement Earnings Plan $17.0B · 12,452
- Truist Financial Corporation Pension Plan $12.5B · 37,931
- Duke Energy Legacy Pension Plan $4.0B · 346
- Duke Energy Retirement Cash Balance Plan $3.2B · 16,132
- Time Warner Cable Pension Plan $2.6B · 18,624
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sandvik Pension Plan by total assets, not by location.
- Arconic Corp. Pension Plan a (PA) $615M · 595
- Northern California Electrical Workers Pension Plan (CA) $613M · 1,840
- Johnson & Johnson Retirement Plan for Puerto Rico Employees (NJ) $617M · 3,256
- Hii Ingalls Shipbuilding, Inc. Hourly Employees' Retirement Plan (VA) $612M · 6,805
Frequently Asked Questions
How did Sandvik Pension Plan assets move in 2022? ▼
How have Sandvik, Inc. plan assets changed over time? ▼
Where does Sandvik Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Sandvik Pension Plan
Scale reading
Ways to act on Sandvik Pension Plan's numbers.
- By total assets, Sandvik Pension 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 North Carolina. Compare plans
- Sandvik, Inc.'s sponsor-wide assets have grown 11.0% since 2022 across 3 plan years on file. More Manufacturing plans