Defined Benefit (Pension) · DOL Form 5500 · 2023

Carpenter Technology Corporation Pension Plan

Data updated 2026-08-25

$82M
Total assets Below avg plan size
336
Participants Below avg headcount
90th
Percentile by assets National rank
$242,560
Avg per participant Above avg balance/head
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Official DOL plan name: Latrobe Steel Company Pension Plan for Bargaining Unit Employees · Sponsored by Carpenter Technology Corporation · Pennsylvania · Manufacturing

$82M in assets, 336 participants

Carpenter Technology Corporation's Latrobe Steel Company Pension Plan for Bargaining Unit Employees reported $82M in total assets and 336 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,880 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

Latrobe Steel Company Pension Plan for Bargaining Unit Employees covers 336 participants in Pennsylvania, about 41% of the average Pennsylvania filer (state average ~822 per filing). Assets: $82M.

#15,880
in Manufacturing (18,722 peers)
+11.6%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Latrobe Steel Company Pension Plan for Bargaining Unit Employees's outsized position by total assets

Latrobe Steel Company Pension Plan for Bargaining Unit Employees vs every filed plan by assets

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

$81,500,262 Top 10% higher than 90% 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

Latrobe Steel Company Pension Plan for Bargaining Unit Employees 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. Latrobe Steel Company Pension Plan for Bargaining Unit Employees sits mid-pack in the medium band (336 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Latrobe Steel Company Pension Plan for Bargaining Unit Employees reported net income rose from -$38M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Latrobe Steel Company Pension Plan for Bargaining Unit Employees end-of-year assets rose from $73M in the plan year 2022 filing to $82M in the plan year 2023 filing.
  • Latrobe Steel Company Pension Plan for Bargaining Unit Employees reported participants fell from 371 in the plan year 2022 filing to 336 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 230458500 · Carpenter Technology Corporation PY 2023 · Defined Benefit (Pension)

Latrobe Steel Company Pension Plan for Bargaining Unit Employees · $82M · 336 · 90th

  • EBSA $82M
  • PART 336
  • TYPE 90th
  • NET Defined Benefit (Pension)
  • BOOK near Employees Pension Plan for Sharon Tube Company
  • VS-ST ind #15880

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 →

Latrobe Steel Company Pension Plan for Bargaining Unit Employees in the asset neighbourhood

Outstate Michigan Trowel Trades Pension FundOutstate Michigan Trowel Tra…$82MIron Workers' Locals No. 15 & 424 Pension PlanIron Workers' Locals No. 15 …$82MLatrobe Steel Company Pension Plan for Bargaining Unit EmployeesLatrobe Steel Company Pensio…$82MEmployees Pension Plan for Sharon Tube CompanyEmployees Pension Plan for S…$81MYoung Brothers, Limited Pension PlanYoung Brothers, Limited Pens…$81M
End-of-year total assets ($M) among Latrobe Steel Company Pension Plan for Bargaining Unit Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$73M
Net Assets (End of Year)$81M
Net Income$8M
Employer EIN230458500
Plan Effective Date1950-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carpenter Technology Corporation)

Sponsor-wide plan assets over time

All Carpenter Technology Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.4B 6.427724892819955% vs 2022
2024 filing year
$1.3B$1.35B$1.4B$1.45B$1.5B 202220232024 $1.35B $1.44B ▲ +6.7%
Year Plans Participants Total Assets
2022 4 4,881 $1.3B
2023 4 4,930 $1.5B
2024 4 5,352 $1.4B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Latrobe Steel Company Pension Plan for Bargaining Unit Employees vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Latrobe Steel Company Pension Plan for Bargaining Unit Employees, Total assets ($B): 0.081500262 · Participants: 336Latrobe Steel Company Pension Plan for Bargaining Unit EmployeesNational 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
Latrobe Steel Company Pension Plan for Bargaining Unit Employees vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Latrobe Steel Company Pension Plan for Bargaining Unit Employees side-by-side with 3 peers →

Latrobe Steel Company Pension Plan for Bargaining Unit Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Employees Pension Plan for Sharon Tube Company in IL ($81M); by covered participants it is Ora Orthopedics, P.C. Cash Balance Plan in IA (336 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (336 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 Latrobe Steel Company Pension Plan for Bargaining Unit Employees assets move in 2023? ▼
Latrobe Steel Company Pension Plan for Bargaining Unit Employees grew at a solid clip - up 11.6% during 2023, from $73M to $82M. Reported net income was $8M.
How have Carpenter Technology Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carpenter Technology Corporation's sponsor-wide assets grew 6.4%, from $1.3B to $1.4B.
Where does Latrobe Steel Company Pension Plan for Bargaining Unit Employees rank by assets among Form 5500 filers? ▼
Latrobe Steel Company Pension Plan for Bargaining Unit Employees ranks in the 90th 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 Latrobe Steel Company Pension Plan for Bargaining Unit Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Employees Pension Plan for Sharon Tube Company in IL ($81M, 87 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Latrobe Steel Company Pension Plan for Bargaining Unit Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ora Orthopedics, P.C. Cash Balance Plan in IA (336 participants, $7M 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 230458500.

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.