401(k) · DOL Form 5500 · 2023
Howmet Aerospace Inc. 401(k) Plan
Data updated 2026-08-11
- $839M
- Total assets
- 9,000
- Participants
- 98th
- Percentile by assets
- $93,205
- Avg per participant
Official DOL plan name: Howmet Aerospace Hourly Retirement Savings Plan · Sponsored by Howmet Aerospace Inc. · Pennsylvania · Manufacturing
$839M in assets, 9,000 participants
Howmet Aerospace Inc.'s Howmet Aerospace Hourly Retirement Savings Plan reported $839M in total assets and 9,000 participants in its 2023 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 127,072 plans)
- #18,187 in Manufacturing (18,722 peers)
Coverage in Pennsylvania
Howmet Aerospace Hourly Retirement Savings Plan covers 9,000 participants in Pennsylvania, 11x the typical Pennsylvania plan (state average ~822 per filing). Assets: $839M.
- $839M
- total plan assets (2023 EOY)
- 9,000
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $93,205
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Howmet Aerospace Hourly Retirement Savings Plan reported net income rose from -$135M in the plan year 2022 filing to $112M in the plan year 2023 filing.
- Howmet Aerospace Hourly Retirement Savings Plan end-of-year assets rose from $732M in the plan year 2022 filing to $839M in the plan year 2023 filing.
- Howmet Aerospace Hourly Retirement Savings Plan reported participants rose from 8,309 in the plan year 2022 filing to 9,000 in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Howmet Aerospace Hourly Retirement Savings Plan reports 9,000 participants - 11x that state average ($839M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $732M |
|---|---|
| Net Assets (End of Year) | $839M |
| Net Income | $112M |
| Employer EIN | 250317820 |
| Plan Effective Date | 1986-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Howmet Aerospace Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 15,839 | $2.4B |
| 2023 | 4 | 15,860 | $2.5B |
| 2024 | 4 | 17,052 | $2.7B |
Nearby 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Howmet Aerospace Hourly Retirement Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
- Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
- Cigna 401(k) Plan $13.0B · 66,760
- The Vanguard Retirement and Savings Plan $9.8B · 18,200
- The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
- The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184
Scale composition for Howmet Aerospace Hourly Retirement Savings Plan
Howmet Aerospace Hourly Retirement Savings Plan reports $839M in end-of-year assets across 9,000 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $93,205 per participant (67% of the national average assets-per-participant) . Net income for plan year 2023 was $112M.
This plan identity (EIN 250317820, plan #008) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $732M to $952M (+30.2%) while covered participants moved from 8,309 to 10,022 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,309 | $732M | Open filing |
| 2023 | 9,000 | $839M | This page |
| 2024 · index core | 10,022 | $952M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Howmet Aerospace Salaried Retirement Savings Plan (401(k), $1.1B, 3,308 participants)
- Howmet Aerospace Hourly Retirement Savings Plan (401(k), $952M, 10,022 participants)
- Howmet Aerospace Retirement Plan (Defined Benefit (Pension), $678M, 1,807 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Howmet Aerospace Hourly Retirement Savings Plan by total assets, not by location.
- Markel Group Inc. Retirement Savings Plan (VA) $839M · 3,363
- The Coca-Cola Bottlers' Association 401(k) Retirement Savings Plan (GA) $839M · 19,643
- Martin Marietta Savings and Investment Plan (NC) $838M · 8,839
- Triad 401(k) Savings Plan (NM) $840M · 2,249
Frequently Asked Questions
How did Howmet Aerospace Hourly Retirement Savings Plan assets move in 2023? ▼
How have Howmet Aerospace Inc. plan assets changed over time? ▼
Where does Howmet Aerospace Hourly Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Howmet Aerospace Hourly Retirement Savings Plan's numbers.
- By total assets, Howmet Aerospace Hourly Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
- Howmet Aerospace Inc.'s sponsor-wide assets have grown 14.4% since 2022 across 3 plan years on file. More Manufacturing plans