Defined Benefit (Pension) · DOL Form 5500 · 2023

Smith & Nephew, Inc. Pension Plan

Data updated 2026-08-11

$267M
Total assets: 421
Participants: 96th
Percentile by assets: $634,553
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$267M
total plan assets (2023 EOY): 421
covered participants: 96th
percentile by assets (of 127,072 plans): $634,553
avg assets per participant

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.

Where Smith & Nephew U.S. Pension Plan sits 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

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 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 →

State

Tennessee

Industry

Manufacturing

Participants vs Tennessee filers

In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. Smith & Nephew U.S. Pension Plan reports 421 participants - about 37% of that state average ($267M EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$363M
Net Assets (End of Year)	$267M
Net Income	-$96M
Employer EIN	510123924
Plan Effective Date	1986-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Smith & Nephew, Inc.)

Total plan assets by year, all Smith & Nephew, Inc. plans on file

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

Fedex Corporation Employees' Pension Plan $26.6B · 139,031
Retirement Plan of International Paper Company $8.8B · 20,164
Pace Industry Union-Management Pension Fund $2.7B · 3,192
Pension Plan for Employees at Ornl $2.5B · 5,801
Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee $2.1B · 2,710

Compare Smith & Nephew U.S. Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Smith & Nephew U.S. Pension Plan by total assets, not by location.

Moen Incorporated Pension Plan (OH) $267M · 741
Retirement Plan for Employees of Reckitt Benckiser LLC (NJ) $267M · 259
Community Bank System, Inc. Pension Plan (NY) $267M · 2,476
Madison Gas and Electric Company Retirement Plan (WI) $267M · 103

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).

Next read for Smith & Nephew U.S. Pension Plan

Filing takeaways

Ways to act on Smith & Nephew U.S. Pension Plan's numbers.

By total assets, Smith & Nephew U.S. Pension 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 Tennessee. Compare plans
Smith & Nephew, Inc.'s sponsor-wide assets have grown 1.7% 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 510123924.