Defined Benefit (Pension) ยท DOL Form 5500 ยท 2022

Employees' Retirement Plan of Marelli North Carolina USA LLC

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$62M
Total assets
16
Participants
83th
Percentile by assets

Sponsored by Marelli North America, Inc. ยท Tennessee ยท Manufacturing

What the 2022 filing shows

Employees' Retirement Plan of Marelli North Carolina USA LLC holds $62M for 16 participants - about $3.9M per participant, in the top quartile of all filed plans by assets, up 103.4% over the 2022 plan year.

$62M
total plan assets (2022 EOY)
16
covered participants
83th
percentile by assets (of 84,055 plans)
$3.9M
avg assets per participant

The plan reported a net loss of $28M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$62M
Participants
16
State
Industry
Manufacturing

What the Filing Says About Employees' Retirement Plan of Marelli North Carolina USA LLC

Employees' Retirement Plan of Marelli North Carolina USA LLC is a Defined Benefit (Pension) retirement plan sponsored by Marelli North America, Inc., headquartered in Tennessee. As of the 2022 Form 5500 filing, the plan reports $62M in total end-of-year assets and covers 16 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 621151687, and the plan has been effective since 1980-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $30M at the beginning of 2022 to $62M at year-end - a gain of 103.4%. Net assets (after liabilities) closed the year at $62M, with reported net income of $-28,160,434 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)$30M
Total Assets (End of Year)$62M
Net Assets (End of Year)$62M
Net Income$-28,160,434
Plan TypeDefined Benefit (Pension)
Employer EIN621151687
Plan Effective Date1980-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Marelli North America, Inc.)

Year Plans Participants Total Assets
2022 4 2,767 $254M
2023 4 3,217 $265M
2024 2 2,904 $279M

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Frequently Asked Questions

How much money is in the Employees' Retirement Plan of Marelli North Carolina USA LLC?
As of the 2022 Form 5500 filing, Employees' Retirement Plan of Marelli North Carolina USA LLC holds $62M in total assets with 16 participants. It is sponsored by Marelli North America, Inc..
What type of plan is Employees' Retirement Plan of Marelli North Carolina USA LLC?
Employees' Retirement Plan of Marelli North Carolina USA LLC is a Defined Benefit (Pension) plan. It has been effective since 1980-05-01. The plan is filed with the U.S. Department of Labor under EIN 621151687.
Who sponsors the Employees' Retirement Plan of Marelli North Carolina USA LLC?
Employees' Retirement Plan of Marelli North Carolina USA LLC is sponsored by Marelli North America, Inc., located in Tennessee. The sponsor's EIN is 621151687 and the plan operates in the Manufacturing industry.
How did Employees' Retirement Plan of Marelli North Carolina USA LLC perform in 2022?
Employees' Retirement Plan of Marelli North Carolina USA LLC grew by 103.4% during 2022, moving from $30M to $62M in total assets. Net income was $-28,160,434.
Where can I find official filings for Employees' Retirement Plan of Marelli North Carolina USA LLC?
Official Form 5500 filings for Employees' Retirement Plan of Marelli North Carolina USA LLC are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 621151687 or plan name at efast.dol.gov.
How does Employees' Retirement Plan of Marelli North Carolina USA LLC compare to other plans?
You can compare Employees' Retirement Plan of Marelli North Carolina USA LLC against other Defined Benefit (Pension) plans on the plan type page, or view plans in Tennessee on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

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 621151687.

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.

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