Defined Benefit (Pension) · DOL Form 5500 · 2023

Kone Inc. Pension Plan

Data updated 2026-08-25

$168M
Total assets Near avg plan size
1,693
Participants Near avg headcount
94th
Percentile by assets National rank
$99,268
Avg per participant Below avg balance/head
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Official DOL plan name: Kone Inc. Employees' Retirement Plan · Sponsored by Kone Inc. · Illinois · Manufacturing

$168M in assets, 1,693 participants

Kone Inc.'s Kone Inc. Employees' Retirement Plan reported $168M in total assets and 1,693 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #17,009 in Manufacturing (18,722 peers)

Coverage in Illinois

Kone Inc. Employees' Retirement Plan covers 1,693 participants in Illinois, 2.2x the typical Illinois plan (state average ~779 per filing). Assets: $168M.

#17,009
in Manufacturing (18,722 peers)
+6.0%
assets growth YoY
1.7×
vs typical plan assets (national mean)

Kone Inc. Employees' Retirement Plan's outsized position by total assets

Kone Inc. Employees' Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$168,060,820 Top 6% higher than 94% of 127,068 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 2023

Kone Inc. Employees' Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Kone Inc. Employees' Retirement Plan lands in the large band (1,693 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kone Inc. Employees' Retirement Plan reported net income rose from -$31M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Kone Inc. Employees' Retirement Plan end-of-year assets rose from $159M in the plan year 2022 filing to $168M in the plan year 2023 filing.
  • Kone Inc. Employees' Retirement Plan reported participants rose from 1,608 in the plan year 2022 filing to 1,693 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 362357423 · Kone Inc. PY 2023 · Defined Benefit (Pension)

Kone Inc. Employees' Retirement Plan · $168M · 1,693 · 94th

  • RANK $168M
  • PHOTO 1,693
  • IND 94th
  • EOY Defined Benefit (Pension)
  • 5500 near Ascension Healthcare Legacy ERISA Pension Plan
  • ASSETS ind #17009

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 Illinois →

Kone Inc. Employees' Retirement Plan in the asset neighbourhood

Plumbers & Steamfitters Local 267 Pension FundPlumbers & Steamfitters Loca…$169MKone Inc. Employees' Retirement PlanKone Inc. Employees' Retirem…$168MAscension Healthcare Legacy ERISA Pension PlanAscension Healthcare Legacy …$168MRegal Beloit America, Inc. Pension PlanRegal Beloit America, Inc. P…$168MA.F.of L.-a.G.C. Building Trades Pension PlanA.F.of L.-a.G.C. Building Tr…$167M
End-of-year total assets ($M) among Kone Inc. Employees' Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$159M
Net Assets (End of Year)$168M
Net Income$9M
Employer EIN362357423
Plan Effective Date1962-05-18
Filing StatusFILING RECEIVED

Sponsor Plan History (Kone Inc.)

Sponsor-wide plan assets over time

All Kone Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$634M 19.525268171064646% vs 2022
2024 filing year
$500M$550M$600M$650M 202220232024 $530M $634M ▲ +19.5%
Year Plans Participants Total Assets
2022 2 3,405 $530M
2023 2 3,539 $588M
2024 2 3,551 $634M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Kone Inc. Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants Kone Inc. Employees' Retirement Plan, Total assets ($B): 0.16806082 · Participants: 1693Kone Inc. Employees' Retirement PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Kone Inc. Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Kone Inc. Employees' Retirement Plan side-by-side with 3 peers →

Kone Inc. Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Ascension Healthcare Legacy ERISA Pension Plan in MO ($168M); by covered participants it is The Goodyear Tire & Rubber Company Salaried Pension Plan in OH (1,694 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,693 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Kone Inc. Employees' Retirement Plan assets move in 2023? ▼
Kone Inc. Employees' Retirement Plan grew at a solid clip - up 6.0% during 2023, from $159M to $168M. Reported net income was $9M.
How have Kone Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kone Inc.'s sponsor-wide assets grew 19.5%, from $530M to $634M.
Where does Kone Inc. Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Kone Inc. Employees' Retirement Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Kone Inc. Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ascension Healthcare Legacy ERISA Pension Plan in MO ($168M, 327 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Kone Inc. Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Goodyear Tire & Rubber Company Salaried Pension Plan in OH (1,694 participants, $765M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 362357423.

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.