Defined Benefit (Pension) · DOL Form 5500 · 2023
Danfoss Power Solutions US Company Pension Plan
Data updated 2026-08-25
- $153M
- Total assets Near avg plan size
- 1,107
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $138,542
- Avg per participant Near avg balance/head
Official DOL plan name: Danfoss Power Solutions Employees' Retirement Plan · Sponsored by Danfoss Power Solutions US Company · Iowa · Manufacturing
$153M in assets, 1,107 participants
Danfoss Power Solutions US Company's Danfoss Power Solutions Employees' Retirement Plan reported $153M in total assets and 1,107 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- #16,895 in Manufacturing (18,722 peers)
Where Danfoss Power Solutions Employees' Retirement Plan sits by assets
Danfoss Power Solutions Employees' Retirement Plan sits in the top 10% of all filed plans by assets, $153M for 1,107 participants (~$138,542/participant), up 4.7% in 2023.
- #16,895
- in Manufacturing (18,722 peers)
- +4.7%
- assets growth YoY
- 1.5×
- vs typical plan assets (national mean)
Danfoss Power Solutions Employees' Retirement Plan's outsized position by total assets
Danfoss Power Solutions Employees' Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$153,366,011 Top 6% higher than 94% 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
Danfoss Power Solutions Employees' 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. Danfoss Power Solutions Employees' Retirement Plan lands in the large band (1,107 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Danfoss Power Solutions Employees' Retirement Plan reported net income rose from -$42M in the plan year 2022 filing to $7M in the plan year 2023 filing.
- Danfoss Power Solutions Employees' Retirement Plan reported participants fell from 1,211 in the plan year 2022 filing to 1,107 in the plan year 2023 filing.
- Danfoss Power Solutions Employees' Retirement Plan end-of-year assets rose from $146M in the plan year 2022 filing to $153M in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 421345015 · Danfoss Power Solutions US Company PY 2023 · Defined Benefit (Pension)
Danfoss Power Solutions Employees' Retirement Plan · $153M · 1,107 · 94th
- IND $153M
- IND 1,107
- IND 94th
- IND Defined Benefit (Pension)
- IND near The Timken-Latrobe-Mpb-Torrington Retirement Plan
- IND ind #16895
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 Iowa →
Danfoss Power Solutions Employees' Retirement Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $146M |
|---|---|
| Net Assets (End of Year) | $153M |
| Net Income | $7M |
| Employer EIN | 421345015 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Danfoss Power Solutions US Company)
Sponsor-wide plan assets over time
All Danfoss Power Solutions US Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $734M 23.792197387328752% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 4,130 | $593M |
| 2023 | 3 | 4,409 | $681M |
| 2024 | 3 | 4,492 | $734M |
Nearby Defined Benefit (Pension) Plans in Iowa
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Transamerica Pension Plan $2.3B · 6,519
- Principal Cash Balance Plan $1.7B · 12,492
- Midamerican Energy Company Retirement Plan $516M · 3,002
- Employers Mutual Casualty Company Retirement Plan $347M · 1,835
- Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. $297M · 1,474
Danfoss Power Solutions Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Iowa, the nearest Defined Benefit (Pension) by assets is The Timken-Latrobe-Mpb-Torrington Retirement Plan in OH ($153M); by covered participants it is First Horizon Corporation Pension Plan in TN (1,107 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($153M here).
- The Timken-Latrobe-Mpb-Torrington Retirement Plan (OH) $153M · 1,056
- Qbe Pension Equity Plan (WI) $153M · 190
- St. Luke's Health System Basic Pension Plan (ID) $154M · 244
- Acushnet Company Pension Plan (MA) $153M · 1,373
Similar participant headcount
Nearest other-state filings by covered participants (1,107 participants); asset peers above are excluded.
- First Horizon Corporation Pension Plan (TN) 1,107 · 0 off
- Meriter Health Services Employee Retirement Plan (WI) 1,108 · 1 off
- Oshkosh Corporation Hourly Employees' Retirement Plan (WI) 1,108 · 1 off
- Church Mutual Insurance Company Cash Balance Plan (WI) 1,103 · 4 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.