Defined Benefit (Pension) · DOL Form 5500 · 2023

Sumitomo Machinery Corporation of America Pension Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
371
Participants Below avg headcount
87th
Percentile by assets National rank
$150,800
Avg per participant Above avg balance/head
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Official DOL plan name: Sumitomo Machinery Corporation of America Pension Plan · Sponsored by Sumitomo Machinery Corporation of America · Virginia · Manufacturing

$56M in assets, 371 participants

Sumitomo Machinery Corporation of America's Sumitomo Machinery Corporation of America Pension Plan reported $56M in total assets and 371 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,089 in Manufacturing (18,722 peers)

Coverage in Virginia

Sumitomo Machinery Corporation of America Pension Plan covers 371 participants in Virginia, about 47% of the average Virginia filer (state average ~782 per filing). Assets: $56M.

#15,089
in Manufacturing (18,722 peers)
+4.5%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Sumitomo Machinery Corporation of America Pension Plan's outsized position by total assets

Sumitomo Machinery Corporation of America Pension Plan vs every filed plan by assets

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

$55,946,703 Top 13% higher than 87% 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

Sumitomo Machinery Corporation of America Pension 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. Sumitomo Machinery Corporation of America Pension Plan sits mid-pack in the medium band (371 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sumitomo Machinery Corporation of America Pension Plan reported net income rose from -$5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Sumitomo Machinery Corporation of America Pension Plan reported participants fell from 396 in the plan year 2022 filing to 371 in the plan year 2023 filing.
  • Sumitomo Machinery Corporation of America Pension Plan end-of-year assets rose from $54M in the plan year 2022 filing to $56M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 221815055 · Sumitomo Machinery Corporation of America PY 2023 · Defined Benefit (Pension)

Sumitomo Machinery Corporation of America Pension Plan · $56M · 371 · 87th

  • IND $56M
  • EOY 371
  • 5500 87th
  • ASSETS Defined Benefit (Pension)
  • PCT near Oshkosh B'gosh, Inc. Pension Plan
  • EIN ind #15089

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 Virginia →

Sumitomo Machinery Corporation of America Pension Plan in the asset neighbourhood

United Mine Workers of America 1974 Pension Trust Employees' Pension PlanUnited Mine Workers of Ameri…$56MOshkosh B'gosh, Inc. Pension PlanOshkosh B'gosh, Inc. Pension…$56MSumitomo Machinery Corporation of America Pension PlanSumitomo Machinery Corporati…$56MIBEW Local 573 Pension Plan$56MCopyright Clearance Center, Inc. Defined Benefit PlanCopyright Clearance Center, …$56M
End-of-year total assets ($M) among Sumitomo Machinery Corporation of America Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$56M
Net Income$2M
Employer EIN221815055
Plan Effective Date1974-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sumitomo Machinery Corporation of America)

Sponsor-wide plan assets over time

All Sumitomo Machinery Corporation of America plans reported in each filing year

Latest sponsor-wide plan assets
$126M 15.839184565676904% vs 2022
2024 filing year
$100M$110M$120M$130M 202220232024 $109M $126M ▲ +15.8%
Year Plans Participants Total Assets
2022 2 850 $109M
2023 2 852 $119M
2024 2 832 $126M

Nearby Defined Benefit (Pension) Plans in Virginia

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

Sumitomo Machinery Corporation of America Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Sumitomo Machinery Corporation of America Pension Plan, Total assets ($B): 0.055946703 · Participants: 371Sumitomo Machinery Corporation of America Pension PlanNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
Sumitomo Machinery Corporation of America Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Sumitomo Machinery Corporation of America Pension Plan side-by-side with 3 peers →

Sumitomo Machinery Corporation of America Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Oshkosh B'gosh, Inc. Pension Plan in GA ($56M); by covered participants it is Duke Energy Legacy Pension Plan in NC (371 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (371 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 Sumitomo Machinery Corporation of America Pension Plan assets move in 2023? ▼
Sumitomo Machinery Corporation of America Pension Plan edged up modestly - up 4.5% during 2023, from $54M to $56M. Reported net income was $2M.
How have Sumitomo Machinery Corporation of America plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sumitomo Machinery Corporation of America's sponsor-wide assets grew 15.8%, from $109M to $126M.
Where does Sumitomo Machinery Corporation of America Pension Plan rank by assets among Form 5500 filers? ▼
Sumitomo Machinery Corporation of America Pension Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sumitomo Machinery Corporation of America Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Oshkosh B'gosh, Inc. Pension Plan in GA ($56M, 23 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sumitomo Machinery Corporation of America Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Duke Energy Legacy Pension Plan in NC (371 participants, $3.4B 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 221815055.

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.