Defined Benefit (Pension) · DOL Form 5500 · 2022
Michelin North America, Inc Pension Plan
Data updated 2026-08-11
- $2.1B
- Total assets
- 4,145
- Participants
- 99th
- Percentile by assets
- $502,479
- Avg per participant
Official DOL plan name: Michelin Retirement Plan · Sponsored by Michelin North America, Inc · South Carolina · Manufacturing
$2.1B in assets, 4,145 participants
Michelin North America, Inc's Michelin Retirement Plan reported $2.1B in total assets and 4,145 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #20,398 in Manufacturing (20,602 peers)
Coverage in South Carolina
Michelin Retirement Plan covers 4,145 participants in South Carolina, 11x the typical South Carolina plan (state average ~369 per filing). Assets: $2.1B.
- $2.1B
- total plan assets (2022 EOY)
- 4,145
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $502,479
- avg assets per participant
The plan reported a net loss of $279M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. Michelin Retirement Plan reports 4,145 participants - 11x that state average ($2.1B EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | -$279M |
| Employer EIN | 111724631 |
| Plan Effective Date | 1958-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Michelin North America, Inc)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 20,900 | $6.0B |
| 2023 | 5 | 21,315 | $6.6B |
| 2024 | 3 | 17,835 | $4.8B |
Nearby Defined Benefit (Pension) Plans in South Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Michelin Retirement Plan vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants
- The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan $3.7B · 2,366
- Non-Contributory Retirement Program for Certain Empl of Bcbssc $1.2B · 4,649
- Kennametal Inc. Retirement Income Plan $535M · 619
- Waterfront Employers - Ila Pension Plan $440M · 1,720
- Pension Plan for Hourly-Paid Employees of Continental Automotive Inc. & Certain Affiliated Companies $398M · 935
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Michelin Retirement Plan by total assets, not by location.
- The Hcsc Employees Pension Plan (TX) $2.1B · 20,684
- National Grid USA Companies Final Average Pay Pension Plan (NY) $2.1B · 2,513
- New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund (NY) $2.1B · 18,205
- Cargill, Inc. and Associated Companies Salaried Employees Pension Plan (MN) $2.1B · 2,052
Frequently Asked Questions
How did Michelin Retirement Plan assets move in 2022? ▼
How have Michelin North America, Inc plan assets changed over time? ▼
Where does Michelin Retirement Plan rank by assets among Form 5500 filers? ▼
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Next read for Michelin Retirement Plan
Filing takeaways
Ways to act on Michelin Retirement Plan's numbers.
- By total assets, Michelin Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in South Carolina. Compare plans
- Michelin North America, Inc's sponsor-wide assets have declined 19.1% since 2022 across 3 plan years on file. More Manufacturing plans