Defined Benefit (Pension) · DOL Form 5500 · 2023

Smith & Nephew, Inc. Pension Plan

Data updated 2026-08-25

$267M
Total assets Near avg plan size
421
Participants Below avg headcount
96th
Percentile by assets National rank
$634,553
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Smith & Nephew U.S. Pension Plan · Sponsored by Smith & Nephew, Inc. · Tennessee · Manufacturing

$267M in assets, 421 participants

Smith & Nephew, Inc.'s Smith & Nephew U.S. Pension Plan reported $267M in total assets and 421 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,470 in Manufacturing (18,722 peers)

Coverage in Tennessee

Smith & Nephew U.S. Pension Plan covers 421 participants in Tennessee, about 37% of the average Tennessee filer (state average ~1,126 per filing). Assets: $267M.

#17,470
in Manufacturing (18,722 peers)
-26.4%
assets change YoY
2.7×
vs typical plan assets (national mean)

The plan reported a net loss of $96M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Smith & Nephew U.S. Pension Plan's outsized position by total assets

Smith & Nephew U.S. Pension Plan vs every filed plan by assets

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

$267,147,005 Top 4% higher than 96% 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

Smith & Nephew U.S. Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Smith & Nephew U.S. Pension Plan sits mid-pack in the medium band (421 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Smith & Nephew U.S. Pension Plan reported net income rose from -$140M in the plan year 2022 filing to -$96M in the plan year 2023 filing.
  • Smith & Nephew U.S. Pension Plan end-of-year assets fell from $363M in the plan year 2022 filing to $267M in the plan year 2023 filing.
  • Smith & Nephew U.S. Pension Plan reported participants fell from 496 in the plan year 2022 filing to 421 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 510123924 · Smith & Nephew, Inc. PY 2023 · Defined Benefit (Pension)

Smith & Nephew U.S. Pension Plan · $267M · 421 · 96th

  • PART $267M
  • TYPE 421
  • NET 96th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Moen Incorporated Pension Plan
  • BOY ind #17470

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 Tennessee →

Smith & Nephew U.S. Pension Plan in the asset neighbourhood

Madison Gas and Electric Company Retirement PlanMadison Gas and Electric Com…$267MCommunity Bank System, Inc. Pension PlanCommunity Bank System, Inc. …$267MRetirement Plan for Employees of Reckitt Benckiser LLCRetirement Plan for Employee…$267MMoen Incorporated Pension PlanMoen Incorporated Pension Pl…$267MSmith & Nephew U.S. Pension PlanSmith & Nephew U.S. Pension …$267M
End-of-year total assets ($M) among Smith & Nephew U.S. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$363M
Net Assets (End of Year)$267M
Net Income-$96M
Employer EIN510123924
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smith & Nephew, Inc.)

Sponsor-wide plan assets over time

All Smith & Nephew, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 1.7210419733010383% vs 2022
2024 filing year
$1.45B$1.5B$1.55B$1.6B$1.65B 202220232024 $1.49B $1.52B ▲ +2.0%
Year Plans Participants Total Assets
2022 2 7,420 $1.5B
2023 2 7,580 $1.6B
2024 2 6,745 $1.5B

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Smith & Nephew U.S. Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Smith & Nephew U.S. Pension Plan, Total assets ($B): 0.267147005 · Participants: 421Smith & Nephew U.S. Pension PlanFedex Corporation Employees' Pension Plan, Total assets ($B): 26.580798454 · Participants: 139031Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.836549756 · Participants: 20164Retirement Plan of International Paper CompanyPace Industry Union-Management Pension Fund, Total assets ($B): 2.707920528 · Participants: 3192Pace Industry Union-Management Pension FundPension Plan for Employees at Ornl, Total assets ($B): 2.456364769 · Participants: 5801Pension Plan for Employees at OrnlRetirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee, Total assets ($B): 2.074583545 · Participants: 2710Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee
Smith & Nephew U.S. Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare Smith & Nephew U.S. Pension Plan side-by-side with 3 peers →

Smith & Nephew U.S. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Moen Incorporated Pension Plan in OH ($267M); by covered participants it is Rayonier Advanced Materials Inc. Retirement Plan in FL (421 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($267M here).

Similar participant headcount

Nearest other-state filings by covered participants (421 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 Smith & Nephew U.S. Pension Plan assets move in 2023? ▼
Smith & Nephew U.S. Pension Plan declined sharply - down 26.4% during 2023, from $363M to $267M. Reported net income was -$96M.
How have Smith & Nephew, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smith & Nephew, Inc.'s sponsor-wide assets grew 1.7%, from $1.5B to $1.5B.
Where does Smith & Nephew U.S. Pension Plan rank by assets among Form 5500 filers? ▼
Smith & Nephew U.S. Pension Plan ranks in the 96th 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 Smith & Nephew U.S. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Moen Incorporated Pension Plan in OH ($267M, 741 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Smith & Nephew U.S. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Rayonier Advanced Materials Inc. Retirement Plan in FL (421 participants, $357M 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 510123924.

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.