Defined Benefit (Pension) · DOL Form 5500 · 2023

Avnet, Inc. Pension Plan

Data updated 2026-08-25

$501M
Total assets Above avg plan size
2,483
Participants Above avg headcount
97th
Percentile by assets National rank
$201,889
Avg per participant Above avg balance/head
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Official DOL plan name: Avnet Pension Plan · Sponsored by Avnet, Inc. · Arizona · Manufacturing

$501M in assets, 2,483 participants

Avnet, Inc.'s Avnet Pension Plan reported $501M in total assets and 2,483 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,942 in Manufacturing (18,722 peers)

Coverage in Arizona

Avnet Pension Plan covers 2,483 participants in Arizona, 4.4x the typical Arizona plan (state average ~564 per filing). Assets: $501M.

#17,942
in Manufacturing (18,722 peers)
-15.2%
assets change YoY
5.0×
vs typical plan assets (national mean)

The plan reported a net loss of $90M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Avnet Pension Plan's outsized position by total assets

Avnet Pension Plan vs every filed plan by assets

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

$501,291,380 Top 3% higher than 97% 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

Avnet 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. Avnet Pension Plan lands in the large band (2,483 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Avnet Pension Plan reported net income rose from -$216M in the plan year 2022 filing to -$90M in the plan year 2023 filing.
  • Avnet Pension Plan end-of-year assets fell from $591M in the plan year 2022 filing to $501M in the plan year 2023 filing.
  • Avnet Pension Plan reported participants fell from 2,609 in the plan year 2022 filing to 2,483 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 111890605 · Avnet, Inc. PY 2023 · Defined Benefit (Pension)

Avnet Pension Plan · $501M · 2,483 · 97th

  • IND $501M
  • IND 2,483
  • IND 97th
  • IND Defined Benefit (Pension)
  • IND near Newmarket Corporation and Affiliates Salaried Employees' Pension Plan
  • IND ind #17942

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 Arizona →

Avnet Pension Plan in the asset neighbourhood

Avnet Pension Plan$501MNewmarket Corporation and Affiliates Salaried Employees' Pension PlanNewmarket Corporation and Af…$501MRoofers Pension Fund$501MMichigan Electrical Employees' Pension PlanMichigan Electrical Employee…$501MAgilent Technologies, Inc. Retirement PlanAgilent Technologies, Inc. R…$501M
End-of-year total assets ($M) among Avnet Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Arizona filing particulars

Total Assets (Beginning of Year)$591M
Net Assets (End of Year)$501M
Net Income-$90M
Employer EIN111890605
Plan Effective Date1963-10-21
Filing StatusFILING RECEIVED

Sponsor Plan History (Avnet, Inc.)

Sponsor-wide plan assets over time

All Avnet, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 2.8622881680677876% vs 2022
2024 filing year
$1.09B$1.1B$1.11B$1.12B$1.13B$1.14B 202220232024 $1.13B $1.1B ▼ -2.7%
Year Plans Participants Total Assets
2022 2 5,509 $1.1B
2023 2 5,455 $1.1B
2024 2 5,761 $1.1B

Nearby Defined Benefit (Pension) Plans in Arizona

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

Avnet Pension Plan vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 01234 Total assets ($B) Participants Avnet Pension Plan, Total assets ($B): 0.50129138 · Participants: 2483Avnet Pension PlanPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.271793253 · Participants: 5824Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.784269809 · Participants: 4790Salt River Project Employees' Retirement PlanFreeport Minerals Corporation Retirement Plan, Total assets ($B): 1.443465749 · Participants: 2597Freeport Minerals Corporation Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 1.005171309 · Participants: 19139Desert States Employers & Ufcw Unions Pension PlanLiberty Utilities Defined Benefit Pension Plan, Total assets ($B): 0.392875125 · Participants: 618Liberty Utilities Defined Benefit Pension Plan
Avnet Pension Plan vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants
Compare Avnet Pension Plan side-by-side with 3 peers →

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

Outside Arizona, the nearest Defined Benefit (Pension) by assets is Newmarket Corporation and Affiliates Salaried Employees' Pension Plan in VA ($501M); by covered participants it is Bert Bell/Pete Rozelle Nfl Player Retirement Plan in MD (2,484 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($501M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,483 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 Avnet Pension Plan assets move in 2023? ▼
Avnet Pension Plan declined sharply - down 15.2% during 2023, from $591M to $501M. Reported net income was -$90M.
How have Avnet, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Avnet, Inc.'s sponsor-wide assets declined 2.9%, from $1.1B to $1.1B.
Where does Avnet Pension Plan rank by assets among Form 5500 filers? ▼
Avnet Pension Plan ranks in the 97th 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 Avnet Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Newmarket Corporation and Affiliates Salaried Employees' Pension Plan in VA ($501M, 792 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Avnet Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bert Bell/Pete Rozelle Nfl Player Retirement Plan in MD (2,484 participants, $3.9B 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 111890605.

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.