Defined Benefit (Pension) · DOL Form 5500 · 2023

Eaton Corporation Pension Plan

Data updated 2026-08-25

$2.6B
Total assets Very large vs avg
8,916
Participants Very large workforce
99th
Percentile by assets National rank
$292,107
Avg per participant High balance/head
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Official DOL plan name: Pension Plan for Eaton Corporation Employees · Sponsored by Eaton Corporation · Ohio · Manufacturing

$2.6B in assets, 8,916 participants

Eaton Corporation's Pension Plan for Eaton Corporation Employees reported $2.6B in total assets and 8,916 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #18,536 in Manufacturing (18,722 peers)

Coverage in Ohio

Pension Plan for Eaton Corporation Employees covers 8,916 participants in Ohio, 12x the typical Ohio plan (state average ~765 per filing). Assets: $2.6B.

#18,536
in Manufacturing (18,722 peers)
-1.2%
assets change YoY
26×
vs typical plan assets (national mean)

The plan reported a net loss of $30M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Pension Plan for Eaton Corporation Employees's outsized position by total assets

Pension Plan for Eaton Corporation Employees vs every filed plan by assets

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

$2,604,426,878 Top 1% higher than 99% 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

Pension Plan for Eaton Corporation Employees'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. Pension Plan for Eaton Corporation Employees lands in the large band (8,916 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pension Plan for Eaton Corporation Employees reported net income rose from -$1.0B in the plan year 2022 filing to -$30M in the plan year 2023 filing.
  • Pension Plan for Eaton Corporation Employees reported participants fell from 9,767 in the plan year 2022 filing to 8,916 in the plan year 2023 filing.
  • Pension Plan for Eaton Corporation Employees end-of-year assets fell from $2.6B in the plan year 2022 filing to $2.6B in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 340196300 · Eaton Corporation PY 2023 · Defined Benefit (Pension)

Pension Plan for Eaton Corporation Employees · $2.6B · 8,916 · 99th

  • SCH $2.6B
  • EBSA 8,916
  • PART 99th
  • TYPE Defined Benefit (Pension)
  • NET near Burlington Northern Santa Fe Retirement Plan
  • BOOK ind #18536

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 Ohio →

Pension Plan for Eaton Corporation Employees in the asset neighbourhood

Employees' Retirement Plan of Duke UniversityEmployees' Retirement Plan o…$2.6BPension Plan for Eaton Corporation EmployeesPension Plan for Eaton Corpo…$2.6BBurlington Northern Santa Fe Retirement PlanBurlington Northern Santa Fe…$2.6BSound Retirement Trust$2.6BMassmutual Pension Plan$2.6B
End-of-year total assets ($B) among Pension Plan for Eaton Corporation Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$2.6B
Net Assets (End of Year)$2.6B
Net Income-$30M
Employer EIN340196300
Plan Effective Date1944-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Eaton Corporation)

Sponsor-wide plan assets over time

All Eaton Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$11.1B 24.68091819688474% vs 2022
2024 filing year
$5B$10B$15B$20B 202220232024 $8.87B $11.1B ▲ +24.7%
Year Plans Participants Total Assets
2022 3 34,855 $8.9B
2023 4 61,749 $16.8B
2024 3 35,808 $11.1B

Nearby Defined Benefit (Pension) Plans in Ohio

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

Pension Plan for Eaton Corporation Employees vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 2345678 Total assets ($B) Participants Pension Plan for Eaton Corporation Employees, Total assets ($B): 2.604426878 · Participants: 8916Pension Plan for Eaton Corporation EmployeesFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
Pension Plan for Eaton Corporation Employees vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Pension Plan for Eaton Corporation Employees side-by-side with 3 peers →

Scale composition for Pension Plan for Eaton Corporation Employees

Pension Plan for Eaton Corporation Employees reports $2.6B in end-of-year assets across 8,916 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $292,107 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2023 was -$30M.

This plan identity (EIN 340196300, plan #029) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.6B to $2.4B (-7.2%) while covered participants moved from 9,767 to 8,410 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 9,767 $2.6B Open filing
2023 8,916 $2.6B This page
2024 · index core 8,410 $2.4B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Pension Plan for Eaton Corporation Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Burlington Northern Santa Fe Retirement Plan in TX ($2.6B); by covered participants it is The University of Chicago Retirement Income Plan for Employees in IL (8,906 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,916 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 Pension Plan for Eaton Corporation Employees assets move in 2023? ▼
Pension Plan for Eaton Corporation Employees edged down modestly - down 1.2% during 2023, from $2.6B to $2.6B. Reported net income was -$30M.
How have Eaton Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Eaton Corporation's sponsor-wide assets grew 24.7%, from $8.9B to $11.1B.
Where does Pension Plan for Eaton Corporation Employees rank by assets among Form 5500 filers? ▼
Pension Plan for Eaton Corporation Employees ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Pension Plan for Eaton Corporation Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Burlington Northern Santa Fe Retirement Plan in TX ($2.6B, 5,122 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Eaton Corporation Employees? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The University of Chicago Retirement Income Plan for Employees in IL (8,906 participants, $1.2B 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 340196300.

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.