Defined Benefit (Pension) · DOL Form 5500 · 2023

Covestro LLC Pension Plan

Data updated 2026-08-25

$233M
Total assets Near avg plan size
637
Participants Below avg headcount
95th
Percentile by assets National rank
$366,509
Avg per participant High balance/head
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Official DOL plan name: Covestro LLC Pension Plan · Sponsored by Covestro LLC · Pennsylvania · Manufacturing

$233M in assets, 637 participants

Covestro LLC's Covestro LLC Pension Plan reported $233M in total assets and 637 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #17,336 in Manufacturing (18,722 peers)

Where Covestro LLC Pension Plan sits by assets

Covestro LLC Pension Plan sits in the top 5% of all filed plans by assets, $233M for 637 participants (~$366,509/participant), down 4.9% in 2023.

#17,336
in Manufacturing (18,722 peers)
-4.9%
assets change YoY
2.3×
vs typical plan assets (national mean)

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Covestro LLC Pension Plan's outsized position by total assets

Covestro LLC Pension Plan vs every filed plan by assets

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

$233,466,140 Top 5% higher than 95% 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

Covestro LLC 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. Covestro LLC Pension Plan sits mid-pack in the medium band (637 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Covestro LLC Pension Plan reported net income rose from -$136M in the plan year 2022 filing to -$12M in the plan year 2023 filing.
  • Covestro LLC Pension Plan reported participants fell from 823 in the plan year 2022 filing to 637 in the plan year 2023 filing.
  • Covestro LLC Pension Plan end-of-year assets fell from $246M in the plan year 2022 filing to $233M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 061653740 · Covestro LLC PY 2023 · Defined Benefit (Pension)

Covestro LLC Pension Plan · $233M · 637 · 95th

  • BOY $233M
  • SCH 637
  • EBSA 95th
  • PART Defined Benefit (Pension)
  • TYPE near Warehouse Employees Local No. 570 Pension Fund
  • NET ind #17336

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 →

Covestro LLC Pension Plan in the asset neighbourhood

IBEW Local No. 117 Pension FundIBEW Local No. 117 Pension F…$235MWarehouse Employees Local No. 570 Pension FundWarehouse Employees Local No…$234MCovestro LLC Pension Plan$233MPension Plan for Office Employees of the International Brotherhood of Electrical WorkersPension Plan for Office Empl…$233MAlliant Energy Cash Balance Pension PlanAlliant Energy Cash Balance …$232M
End-of-year total assets ($M) among Covestro LLC Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$246M
Net Assets (End of Year)$233M
Net Income-$12M
Employer EIN061653740
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covestro LLC)

Sponsor-wide plan assets over time

All Covestro LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 15.757136978338021% vs 2022
2024 filing year
$1.5B$1.6B$1.7B$1.8B 202220232024 $1.53B $1.77B ▲ +15.7%
Year Plans Participants Total Assets
2022 2 3,496 $1.5B
2023 2 3,262 $1.7B
2024 2 3,149 $1.8B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Covestro LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Covestro LLC Pension Plan, Total assets ($B): 0.23346614 · Participants: 637Covestro LLC Pension PlanNational 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
Covestro LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Covestro LLC Pension Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Warehouse Employees Local No. 570 Pension Fund in MD ($234M); by covered participants it is General Dynamics Land Systems Pension Agreement in MI (637 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (637 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 Covestro LLC Pension Plan assets move in 2023? ▼
Covestro LLC Pension Plan edged down modestly - down 4.9% during 2023, from $246M to $233M. Reported net income was -$12M.
How have Covestro LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covestro LLC's sponsor-wide assets grew 15.8%, from $1.5B to $1.8B.
Where does Covestro LLC Pension Plan rank by assets among Form 5500 filers? ▼
Covestro LLC Pension Plan ranks in the 95th 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 Covestro LLC Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Warehouse Employees Local No. 570 Pension Fund in MD ($234M, 771 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Covestro LLC Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is General Dynamics Land Systems Pension Agreement in MI (637 participants, $363M 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 061653740.

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.