Defined Benefit (Pension) · DOL Form 5500 · 2023

Factory Mutual Insurance Company Pension Plan

Data updated 2026-08-25

$2.9B
Total assets Very large vs avg
3,478
Participants Above avg headcount
100th
Percentile by assets National rank
$835,333
Avg per participant High balance/head
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Official DOL plan name: Factory Mutual Insurance Company Pension Plan · Sponsored by Factory Mutual Insurance Company · Rhode Island · Finance & Insurance

$2.9B in assets, 3,478 participants

Factory Mutual Insurance Company's Factory Mutual Insurance Company Pension Plan reported $2.9B in total assets and 3,478 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #8,778 in Finance & Insurance (8,869 peers)

Coverage in Rhode Island

Factory Mutual Insurance Company Pension Plan covers 3,478 participants in Rhode Island, 2.4x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $2.9B.

#8,778
in Finance & Insurance (8,869 peers)
+9.3%
assets growth YoY
29×
vs typical plan assets (national mean)

Factory Mutual Insurance Company Pension Plan's outsized position by total assets

Factory Mutual Insurance Company Pension Plan vs every filed plan by assets

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

$2,905,288,129 Highest reported value at or above every one 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

Factory Mutual Insurance Company Pension 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. Factory Mutual Insurance Company Pension Plan lands in the large band (3,478 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Factory Mutual Insurance Company Pension Plan reported net income rose from -$708M in the plan year 2022 filing to $227M in the plan year 2023 filing.
  • Factory Mutual Insurance Company Pension Plan end-of-year assets rose from $2.7B in the plan year 2022 filing to $2.9B in the plan year 2023 filing.
  • Factory Mutual Insurance Company Pension Plan reported participants fell from 3,598 in the plan year 2022 filing to 3,478 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 050316605 · Factory Mutual Insurance Company PY 2023 · Defined Benefit (Pension)

Factory Mutual Insurance Company Pension Plan · $2.9B · 3,478 · 100th

  • TYPE $2.9B
  • NET 3,478
  • BOOK 100th
  • VS-ST Defined Benefit (Pension)
  • BOY near Aftra Retirement Plan
  • SCH ind #8778

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 Finance & Insurance retirement plans → · Plans in Rhode Island →

Factory Mutual Insurance Company Pension Plan in the asset neighbourhood

Ufcw No. Califiornia Employers Joint Pension PlanUfcw No. Califiornia Employe…$2.9BGlaxosmithkline Cash Balance Pension PlanGlaxosmithkline Cash Balance…$2.9BAftra Retirement Plan$2.9BFactory Mutual Insurance Company Pension PlanFactory Mutual Insurance Com…$2.9BVerizon Management Pension PlanVerizon Management Pension P…$2.9B
End-of-year total assets ($B) among Factory Mutual Insurance Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Rhode Island filing particulars

Total Assets (Beginning of Year)$2.7B
Net Assets (End of Year)$2.9B
Net Income$227M
Employer EIN050316605
Plan Effective Date1968-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Factory Mutual Insurance Company)

Sponsor-wide plan assets over time

All Factory Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$4.9B 20.952006488937418% vs 2022
2024 filing year
$4B$4.5B$5B$5.5B 202220232024 $4.09B $4.94B ▲ +20.8%
Year Plans Participants Total Assets
2022 2 7,463 $4.1B
2023 2 7,773 $4.6B
2024 2 7,661 $4.9B

Nearby Defined Benefit (Pension) Plans in Rhode Island

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

Factory Mutual Insurance Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 0510152025 Total assets ($B) Participants Factory Mutual Insurance Company Pension Plan, Total assets ($B): 2.905288129 · Participants: 3478Factory Mutual Insurance Company Pension PlanThe Bank of America Pension Plan, Total assets ($B): 19.18921965 · Participants: 56519The Bank of America Pension PlanTextron Master Retirement Plan, Total assets ($B): 5.244382313 · Participants: 7320Textron Master Retirement PlanBell Helicopter Textron Master Retirement Plan, Total assets ($B): 2.242403648 · Participants: 2800Bell Helicopter Textron Master Retirement PlanAmica Pension Fund, Total assets ($B): 1.772694319 · Participants: 2338Amica Pension FundCfg Pension Plan, Total assets ($B): 1.144438285 · Participants: 3296Cfg Pension Plan
Factory Mutual Insurance Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants
Compare Factory Mutual Insurance Company Pension Plan side-by-side with 3 peers →

Factory Mutual Insurance Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Rhode Island, the nearest Defined Benefit (Pension) by assets is Aftra Retirement Plan in NY ($2.9B); by covered participants it is Enbridge Employee Services, Inc. Employees' Pension Plan in TX (3,482 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,478 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 Factory Mutual Insurance Company Pension Plan assets move in 2023? ▼
Factory Mutual Insurance Company Pension Plan grew at a solid clip - up 9.3% during 2023, from $2.7B to $2.9B. Reported net income was $227M.
How have Factory Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Factory Mutual Insurance Company's sponsor-wide assets grew 21.0%, from $4.1B to $4.9B.
Where does Factory Mutual Insurance Company Pension Plan rank by assets among Form 5500 filers? ▼
Factory Mutual Insurance Company Pension Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Factory Mutual Insurance Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Aftra Retirement Plan in NY ($2.9B, 17,061 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Factory Mutual Insurance Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Enbridge Employee Services, Inc. Employees' Pension Plan in TX (3,482 participants, $875M 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 050316605.

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.