Defined Benefit (Pension) · DOL Form 5500 · 2023

Howmet Aerospace Inc. Pension Plan

Data updated 2026-08-11

$641M
Total assets: 1,929
Participants: 98th
Percentile by assets: $332,320
Avg per participant

Official DOL plan name: Howmet Aerospace Retirement Plan · Sponsored by Howmet Aerospace Inc. · Pennsylvania · Manufacturing

$641M in assets, 1,929 participants

Howmet Aerospace Inc.'s Howmet Aerospace Retirement Plan reported $641M in total assets and 1,929 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)
#18,081 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

Howmet Aerospace Retirement Plan covers 1,929 participants in Pennsylvania, 2.3x the typical Pennsylvania plan (state average ~822 per filing). Assets: $641M.

$641M
total plan assets (2023 EOY): 1,929
covered participants: 98th
percentile by assets (of 127,072 plans): $332,320
avg assets per participant

The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Howmet Aerospace Retirement Plan reported net income rose from -$346M in the plan year 2022 filing to -$40M in the plan year 2023 filing.
Howmet Aerospace Retirement Plan reported participants fell from 2,247 in the plan year 2022 filing to 1,929 in the plan year 2023 filing.
Howmet Aerospace Retirement Plan end-of-year assets fell from $681M in the plan year 2022 filing to $641M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Manufacturing

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Howmet Aerospace Retirement Plan reports 1,929 participants - 2.3x that state average ($641M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$681M
Net Assets (End of Year)	$641M
Net Income	-$40M
Employer EIN	250317820
Plan Effective Date	1944-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Howmet Aerospace Inc.)

Total plan assets by year, all Howmet Aerospace Inc. plans on file

Year	Plans	Participants	Total Assets
2022	4	15,839	$2.4B
2023	4	15,860	$2.5B
2024	4	17,052	$2.7B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Howmet Aerospace Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

National Elevator Industry Pension Plan $11.2B · 27,434
Steelworkers Pension Trust $6.6B · 47,052
The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
Constellation Retirement Program $5.3B · 5,080
The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374

Compare Howmet Aerospace Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Howmet Aerospace Retirement Plan by total assets, not by location.

Memorial Hermann Pension Plan (TX) $642M · 5,830
Usg Corporation Retirement Plan (IL) $642M · 5,647
Iron Workers District Council of New England Pension Fund (MA) $640M · 2,275
Pacific Coast Roofers Pension Plan (CA) $639M · 4,794

Frequently Asked Questions

How did Howmet Aerospace Retirement Plan assets move in 2023? ▼

Howmet Aerospace Retirement Plan pulled back noticeably - down 5.8% during 2023, from $681M to $641M. Reported net income was -$40M.

How have Howmet Aerospace Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Howmet Aerospace Inc.'s sponsor-wide assets grew 14.4%, from $2.4B to $2.7B.

Where does Howmet Aerospace Retirement Plan rank by assets among Form 5500 filers? ▼

Howmet Aerospace Retirement Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Howmet Aerospace Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Memorial Hermann Pension Plan in TX ($642M, 5,830 participants).

Next read for Howmet Aerospace Retirement Plan

Filing takeaways

Ways to act on Howmet Aerospace Retirement Plan's numbers.

By total assets, Howmet Aerospace Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

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 250317820.