Defined Benefit (Pension) · DOL Form 5500 · 2023

Volvo Construction Equipment North America, LLC. Pension Plan

Data updated 2026-08-25

$109M
Total assets Near avg plan size
522
Participants Below avg headcount
92nd
Percentile by assets National rank
$209,674
Avg per participant Above avg balance/head
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Official DOL plan name: Volvo Retirement Plan · Sponsored by Volvo Construction Equipment North America, LLC. · Pennsylvania · Manufacturing

$109M in assets, 522 participants

Volvo Construction Equipment North America, LLC.'s Volvo Retirement Plan reported $109M in total assets and 522 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #16,413 in Manufacturing (18,722 peers)

Where Volvo Retirement Plan sits by assets

Volvo Retirement Plan sits in the top 10% of all filed plans by assets, $109M for 522 participants (~$209,674/participant), up 2.9% in 2023.

#16,413
in Manufacturing (18,722 peers)
+2.9%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Volvo Retirement Plan's outsized position by total assets

Volvo Retirement Plan vs every filed plan by assets

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

$109,449,970 Top 8% higher than 92% 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 Retirement 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. Volvo Retirement Plan sits mid-pack in the medium band (522 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Volvo Retirement Plan reported net income rose from -$95M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Volvo Retirement Plan reported participants fell from 551 in the plan year 2022 filing to 522 in the plan year 2023 filing.
  • Volvo Retirement Plan end-of-year assets rose from $106M in the plan year 2022 filing to $109M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 382496821 · Volvo Construction Equipment North America, LLC. PY 2023 · Defined Benefit (Pension)

Volvo Retirement Plan · $109M · 522 · 92nd

  • IND $109M
  • IND 522
  • IND 92nd
  • IND Defined Benefit (Pension)
  • IND near Retirement Benefit Plan of Gciu Detroit Newspaper Union 13n with Detroit Area Newspaper Publishers
  • IND ind #16413

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 →

Volvo Retirement Plan in the asset neighbourhood

Jacksonville Maritime Association / International Longshoremen's Association Pension PlanJacksonville Maritime Associ…$110MMitsui & Co. (U.S.a.), Inc. Pension PlanMitsui & Co. (U.S.a.), Inc. …$110MRetirement Benefit Plan of Gciu Detroit Newspaper Union 13n with Detroit Area Newspaper PublishersRetirement Benefit Plan of G…$110MVolvo Retirement Plan$109MMarshall Medical Employees' Retirement PlanMarshall Medical Employees' …$109M
End-of-year total assets ($M) among Volvo Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$106M
Net Assets (End of Year)$109M
Net Income$3M
Employer EIN382496821
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Volvo Construction Equipment North America, LLC.)

Sponsor-wide plan assets over time

All Volvo Construction Equipment North America, LLC. plans reported in each filing year

Latest sponsor-wide plan assets
$356M 18.717350595441353% vs 2022
2024 filing year
$280M$300M$320M$340M$360M$380M 202220232024 $300M $356M ▲ +18.7%
Year Plans Participants Total Assets
2022 2 1,401 $300M
2023 2 1,375 $340M
2024 2 1,496 $356M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Volvo Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Volvo Retirement Plan, Total assets ($B): 0.10944997 · Participants: 522Volvo 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
Volvo Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Volvo Retirement Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Retirement Benefit Plan of Gciu Detroit Newspaper Union 13n with Detroit Area Newspaper Publishers in MI ($110M); by covered participants it is Coastal Federal Credit Union Cash Balance Defined Benefit Pension Plan and Trust in NC (523 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (522 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 Retirement Plan assets move in 2023? ▼
Volvo Retirement Plan edged up modestly - up 2.9% during 2023, from $106M to $109M. Reported net income was $3M.
How have Volvo Construction Equipment North America, LLC. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Volvo Construction Equipment North America, LLC.'s sponsor-wide assets grew 18.7%, from $300M to $356M.
Where does Volvo Retirement Plan rank by assets among Form 5500 filers? ▼
Volvo Retirement Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Volvo Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Benefit Plan of Gciu Detroit Newspaper Union 13n with Detroit Area Newspaper Publishers in MI ($110M, 1 participant).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Volvo Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Coastal Federal Credit Union Cash Balance Defined Benefit Pension Plan and Trust in NC (523 participants, $59M 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 382496821.

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.