Defined Benefit (Pension) · DOL Form 5500 · 2023

Spx Enterprises, LLC Pension Plan

Data updated 2026-08-25

$165M
Total assets Near avg plan size
243
Participants Below avg headcount
94th
Percentile by assets National rank
$678,000
Avg per participant High balance/head
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Official DOL plan name: Spx US Pension Plan · Sponsored by Spx Enterprises, LLC · North Carolina · Manufacturing

$165M in assets, 243 participants

Spx Enterprises, LLC's Spx US Pension Plan reported $165M in total assets and 243 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #16,994 in Manufacturing (18,722 peers)

Coverage in North Carolina

Spx US Pension Plan covers 243 participants in North Carolina, about 30% of the average North Carolina filer (state average ~819 per filing). Assets: $165M.

#16,994
in Manufacturing (18,722 peers)
-3.2%
assets change YoY
1.7×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spx US Pension Plan's outsized position by total assets

Spx US Pension Plan vs every filed plan by assets

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

$164,753,898 Top 6% higher than 94% 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

Spx US 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. Spx US Pension Plan sits mid-pack in the medium band (243 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spx US Pension Plan reported net income rose from -$82M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
  • Spx US Pension Plan reported participants fell from 289 in the plan year 2022 filing to 243 in the plan year 2023 filing.
  • Spx US Pension Plan end-of-year assets fell from $170M in the plan year 2022 filing to $165M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 881769617 · Spx Enterprises, LLC PY 2023 · Defined Benefit (Pension)

Spx US Pension Plan · $165M · 243 · 94th

  • 5500 $165M
  • ASSETS 243
  • PCT 94th
  • EIN Defined Benefit (Pension)
  • RANK near Macdermid, Incorporated Employees' Pension Plan
  • PHOTO ind #16994

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 North Carolina →

Spx US Pension Plan in the asset neighbourhood

Holland & Knight Cash Balance Plan - 2019Holland & Knight Cash Balanc…$165MSpx US Pension Plan$165MMacdermid, Incorporated Employees' Pension PlanMacdermid, Incorporated Empl…$165MDistrict 1199seiu - the Johns Hopkins Hospital Pension PlanDistrict 1199seiu - the John…$165MPlumbers & Pipefitters U.a. Local 85 Pension PlanPlumbers & Pipefitters U.a. …$165M
End-of-year total assets ($M) among Spx US Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$170M
Net Assets (End of Year)$165M
Net Income-$5M
Employer EIN881769617
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spx Enterprises, LLC)

Sponsor-wide plan assets over time

All Spx Enterprises, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 30.36584520700987% vs 2022
2024 filing year
$0.8B$0.9B$1B$1.1B$1.2B 202220232024 $0.86B $1.13B ▲ +31.4%
Year Plans Participants Total Assets
2022 3 2,972 $864M
2023 3 3,133 $997M
2024 3 3,766 $1.1B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Spx US Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants Spx US Pension Plan, Total assets ($B): 0.164753898 · Participants: 243Spx US Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
Spx US Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Spx US Pension Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Macdermid, Incorporated Employees' Pension Plan in CT ($165M); by covered participants it is Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan in NY (243 participants). Same-state nearby plans are listed separately above.

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 Spx US Pension Plan assets move in 2023? ▼
Spx US Pension Plan edged down modestly - down 3.2% during 2023, from $170M to $165M. Reported net income was -$5M.
How have Spx Enterprises, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spx Enterprises, LLC's sponsor-wide assets grew 30.4%, from $864M to $1.1B.
Where does Spx US Pension Plan rank by assets among Form 5500 filers? ▼
Spx US Pension Plan ranks in the 94th 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 Spx US Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Macdermid, Incorporated Employees' Pension Plan in CT ($165M, 305 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Spx US Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan in NY (243 participants, $49M 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 881769617.

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.