Defined Benefit (Pension) · DOL Form 5500 · 2023

United Refining Company Pension Plan

Data updated 2026-08-11

$103M
Total assets: 177
Participants: 91st
Percentile by assets: $582,532
Avg per participant

Official DOL plan name: United Refining Company Consolidated Pension Plan · Sponsored by United Refining Company · Pennsylvania · Manufacturing

$103M in assets, 177 participants

United Refining Company's United Refining Company Consolidated Pension Plan reported $103M in total assets and 177 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

91st percentile by assets (of 127,072 plans)
#16,319 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

United Refining Company Consolidated Pension Plan covers 177 participants in Pennsylvania, about 22% of the average Pennsylvania filer (state average ~822 per filing). Assets: $103M.

$103M
total plan assets (2023 EOY): 177
covered participants: 91st
percentile by assets (of 127,072 plans): $582,532
avg assets per participant

The plan reported a net loss of $105M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

United Refining Company Consolidated Pension Plan reported net income fell from -$16M in the plan year 2022 filing to -$105M in the plan year 2023 filing.
United Refining Company Consolidated Pension Plan end-of-year assets rose from $60M in the plan year 2022 filing to $103M in the plan year 2023 filing.
United Refining Company Consolidated Pension Plan reported participants fell from 194 in the plan year 2022 filing to 177 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Manufacturing

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. United Refining Company Consolidated Pension Plan reports 177 participants - about 22% of that state average ($103M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$60M
Net Assets (End of Year)	$3M
Net Income	-$105M
Employer EIN	251411751
Plan Effective Date	1976-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (United Refining Company)

Total plan assets by year, all United Refining Company plans on file

Year	Plans	Participants	Total Assets
2022	4	1,109	$196M
2023	4	1,120	$255M
2024	3	1,120	$134M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

United Refining Company Consolidated Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

National Elevator Industry Pension Plan $11.2B · 27,434
Steelworkers Pension Trust $6.6B · 47,052
The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
Constellation Retirement Program $5.3B · 5,080
The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374

Compare United Refining Company Consolidated Pen… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to United Refining Company Consolidated Pension Plan by total assets, not by location.

Federation Employees' Retirement Income Plan (IL) $103M · 352
Grinnell Mutual Retirement Plan (IA) $103M · 291
United Association Plumbers Local 773 Pension Plan (NY) $103M · 304
Sandia Laboratory Federal Credit Union Employees' Cash Balance Pension Plan (NM) $103M · 333

Frequently Asked Questions

How did United Refining Company Consolidated Pension Plan assets move in 2023? ▼

United Refining Company Consolidated Pension Plan surged - up 72.7% during 2023, from $60M to $103M. Reported net income was -$105M.

How have United Refining Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), United Refining Company's sponsor-wide assets declined 31.8%, from $196M to $134M.

Where does United Refining Company Consolidated Pension Plan rank by assets among Form 5500 filers? ▼

United Refining Company Consolidated Pension Plan ranks in the 91st 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 United Refining Company Consolidated Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Federation Employees' Retirement Income Plan in IL ($103M, 352 participants).

Next read for United Refining Company Consolidated Pen…

Filing takeaways

Ways to act on United Refining Company Consolidated Pension Plan's numbers.

By total assets, United Refining Company Consolidated Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
United Refining Company's sponsor-wide assets have declined 31.8% since 2022 across 3 plan years on file. More Manufacturing plans

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 251411751.