Defined Benefit (Pension) · DOL Form 5500 · 2023

Howmet Aerospace Inc. Pension Plan

Data updated 2026-08-25

$641M
Total assets Above avg plan size
1,929
Participants Near avg headcount
98th
Percentile by assets National rank
$332,320
Avg per participant High balance/head
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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.

  • #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.

#18,081
in Manufacturing (18,722 peers)
-5.8%
assets change YoY
6.4×
vs typical plan assets (national mean)

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's outsized position by total assets

Howmet Aerospace Retirement Plan vs every filed plan by assets

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

$641,045,812 Top 2% higher than 98% 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

Howmet Aerospace 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. Howmet Aerospace Retirement Plan lands in the large band (1,929 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Plan-year Form 5500 strip

Filing strip 250317820 · Howmet Aerospace Inc. PY 2023 · Defined Benefit (Pension)

Howmet Aerospace Retirement Plan · $641M · 1,929 · 98th

  • TYPE $641M
  • NET 1,929
  • BOOK 98th
  • VS-ST Defined Benefit (Pension)
  • BOY near Memorial Hermann Pension Plan
  • SCH ind #18081

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 Pennsylvania →

Howmet Aerospace Retirement Plan in the asset neighbourhood

Usg Corporation Retirement PlanUsg Corporation Retirement P…$642MMemorial Hermann Pension Plan$642MHowmet Aerospace Retirement PlanHowmet Aerospace Retirement …$641MIron Workers District Council of New England Pension FundIron Workers District Counci…$640MPacific Coast Roofers Pension PlanPacific Coast Roofers Pensio…$639M
End-of-year total assets ($M) among Howmet Aerospace Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$681M
Net Assets (End of Year)$641M
Net Income-$40M
Employer EIN250317820
Plan Effective Date1944-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Howmet Aerospace Inc.)

Sponsor-wide plan assets over time

All Howmet Aerospace Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.7B 14.449503516549342% vs 2022
2024 filing year
$2.2B$2.4B$2.6B$2.8B 202220232024 $2.37B $2.71B ▲ +14.3%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Howmet Aerospace Retirement Plan, Total assets ($B): 0.641045812 · Participants: 1929Howmet Aerospace Retirement PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
Howmet Aerospace Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Howmet Aerospace Retirement Plan side-by-side with 3 peers →

Howmet Aerospace Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Memorial Hermann Pension Plan in TX ($642M); by covered participants it is Cleveland Bakers and Teamsters Pension Fund in OH (1,930 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($641M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,929 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Howmet Aerospace Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cleveland Bakers and Teamsters Pension Fund in OH (1,930 participants, $348M 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 250317820.

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.