Defined Benefit (Pension) · DOL Form 5500 · 2023

Volvo Group North America LLC Pension Plan

Data updated 2026-08-25

$340M
Total assets Above avg plan size
3,735
Participants Above avg headcount
96th
Percentile by assets National rank
$90,933
Avg per participant Below avg balance/head
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Official DOL plan name: Volvo Group North America Retirement Plan · Sponsored by Volvo Group North America LLC · North Carolina · Manufacturing

$340M in assets, 3,735 participants

Volvo Group North America LLC's Volvo Group North America Retirement Plan reported $340M in total assets and 3,735 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.

  • #17,669 in Manufacturing (18,722 peers)

Coverage in North Carolina

Volvo Group North America Retirement Plan covers 3,735 participants in North Carolina, 4.6x the typical North Carolina plan (state average ~819 per filing). Assets: $340M.

#17,669
in Manufacturing (18,722 peers)
+0.5%
assets growth YoY
3.4×
vs typical plan assets (national mean)

Volvo Group North America Retirement Plan's outsized position by total assets

Volvo Group North America Retirement Plan vs every filed plan by assets

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

$339,633,735 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

Volvo Group North America 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. Volvo Group North America Retirement Plan lands in the large band (3,735 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Volvo Group North America Retirement Plan reported net income rose from -$184M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Volvo Group North America Retirement Plan reported participants fell from 4,150 in the plan year 2022 filing to 3,735 in the plan year 2023 filing.
  • Volvo Group North America Retirement Plan end-of-year assets rose from $338M in the plan year 2022 filing to $340M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 582431188 · Volvo Group North America LLC PY 2023 · Defined Benefit (Pension)

Volvo Group North America Retirement Plan · $340M · 3,735 · 96th

  • EIN $340M
  • RANK 3,735
  • PHOTO 96th
  • IND Defined Benefit (Pension)
  • EOY near Raley's Pension Plan
  • 5500 ind #17669

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 North Carolina →

Volvo Group North America Retirement Plan in the asset neighbourhood

Owens Corning Merged Retirement PlanOwens Corning Merged Retirem…$341MJones Day Pension Plan$340MVolvo Group North America Retirement PlanVolvo Group North America Re…$340MRaley's Pension Plan$340MPension Plan for Employees of the Service Employee Int'l UnionPension Plan for Employees o…$339M
End-of-year total assets ($M) among Volvo Group North America Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$338M
Net Assets (End of Year)$339M
Net Income$2M
Employer EIN582431188
Plan Effective Date1981-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Volvo Group North America LLC)

Sponsor-wide plan assets over time

All Volvo Group North America LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.2B 26.43246042441232% vs 2022
2024 filing year
$1.6B$1.8B$2B$2.2B$2.4B 202220232024 $1.77B $2.24B ▲ +26.6%
Year Plans Participants Total Assets
2022 5 15,485 $1.8B
2023 5 13,628 $2.0B
2024 5 13,266 $2.2B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Volvo Group North America Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Volvo Group North America Retirement Plan, Total assets ($B): 0.339633735 · Participants: 3735Volvo Group North America Retirement PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
Volvo Group North America Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Volvo Group North America Retirement Plan side-by-side with 3 peers →

Volvo Group North America Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Raley's Pension Plan in CA ($340M); by covered participants it is Michelin Retirement Plan in SC (3,743 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($340M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,735 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 Volvo Group North America Retirement Plan assets move in 2023? ▼
Volvo Group North America Retirement Plan held essentially flat - up 0.5% during 2023, from $338M to $340M. Reported net income was $2M.
How have Volvo Group North America LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Volvo Group North America LLC's sponsor-wide assets grew 26.4%, from $1.8B to $2.2B.
Where does Volvo Group North America Retirement Plan rank by assets among Form 5500 filers? ▼
Volvo Group North America Retirement 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 Volvo Group North America Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Raley's Pension Plan in CA ($340M, 500 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Volvo Group North America Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Michelin Retirement Plan in SC (3,743 participants, $2.2B 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 582431188.

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.