Defined Benefit (Pension) · DOL Form 5500 · 2022

Sandvik, Inc. Pension Plan

Data updated 2026-08-25

$615M
Total assets Above avg plan size
673
Participants Below avg headcount
98th
Percentile by assets National rank
$913,198
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#19,990
in Manufacturing (20,602 peers)
-31.5%
assets change YoY
6.2×
vs typical plan assets (national mean)

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's outsized position by total assets

Sandvik Pension Plan vs every filed plan by assets

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

$614,582,388 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 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

Sandvik Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sandvik Pension Plan sits mid-pack in the medium band (673 participants).

Form 5500 schedule snapshot

Filing strip 221717737 · Sandvik, Inc. PY 2022 · Defined Benefit (Pension)

Sandvik Pension Plan · $615M · 673 · 98th

  • NET $615M
  • BOOK 673
  • VS-ST 98th
  • BOY Defined Benefit (Pension)
  • SCH near Arconic Corp. Pension Plan a
  • EBSA ind #19990

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in North Carolina →

Sandvik Pension Plan in the asset neighbourhood

Johnson & Johnson Retirement Plan for Puerto Rico EmployeesJohnson & Johnson Retirement…$617MArconic Corp. Pension Plan a$615MSandvik Pension Plan$615MNorthern California Electrical Workers Pension PlanNorthern California Electric…$613MHii Ingalls Shipbuilding, Inc. Hourly Employees' Retirement PlanHii Ingalls Shipbuilding, In…$612M
End-of-year total assets ($M) among Sandvik Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$897M
Net Assets (End of Year)$615M
Net Income-$283M
Employer EIN221717737
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandvik, Inc.)

Sponsor-wide plan assets over time

All Sandvik, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 11.038655328974231% vs 2022
2024 filing year
$1.1B$1.15B$1.2B$1.25B$1.3B 202220232024 $1.15B $1.28B ▲ +11.3%
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 Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Sandvik Pension Plan, Total assets ($B): 0.614582388 · Participants: 673Sandvik Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 17.0193439 · Participants: 12452Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 12.462364023 · Participants: 37931Truist Financial Corporation Pension PlanDuke Energy Legacy Pension Plan, Total assets ($B): 4.0414 · Participants: 346Duke Energy Legacy Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 3.182 · Participants: 16132Duke Energy Retirement Cash Balance PlanTime Warner Cable Pension Plan, Total assets ($B): 2.583220843 · Participants: 18624Time Warner Cable Pension Plan
Sandvik Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Sandvik Pension Plan side-by-side with 3 peers →

Sandvik Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Arconic Corp. Pension Plan a in PA ($615M); by covered participants it is Central Iowa Carpenters Pension Plan in MN (672 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (673 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sandvik Pension Plan assets move in 2022? ▼
Sandvik Pension Plan contracted severely - down 31.5% during 2022, from $897M to $615M. Reported net income was -$283M.
How have Sandvik, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sandvik, Inc.'s sponsor-wide assets grew 11.0%, from $1.2B to $1.3B.
Where does Sandvik Pension Plan rank by assets among Form 5500 filers? ▼
Sandvik Pension Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sandvik Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Arconic Corp. Pension Plan a in PA ($615M, 595 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sandvik Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Central Iowa Carpenters Pension Plan in MN (672 participants, $174M in assets).

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 221717737.

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.