Defined Benefit (Pension) · DOL Form 5500 · 2023

Aker Solutions Inc. Pension Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
N/A
Participants Small participant base
79th
Percentile by assets National rank
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Official DOL plan name: Kvaerner Consolidated Retirement Plan · Sponsored by Aker Solutions Inc. · Texas · Professional & Technical Services

$30M in assets, N/A participants

Aker Solutions Inc.'s Kvaerner Consolidated Retirement Plan reported $30M in total assets and N/A participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #16,174 in Professional & Technical Services (20,321 peers)

Where Kvaerner Consolidated Retirement Plan sits by assets

Kvaerner Consolidated Retirement Plan sits in the top quartile of all filed plans by assets, $30M for N/A participants, down 3.4% in 2023.

#16,174
in Professional & Technical Services (20,321 peers)
-3.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Kvaerner Consolidated Retirement Plan's outsized position by total assets

Kvaerner Consolidated Retirement Plan vs every filed plan by assets

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

$29,727,233 Top 21% higher than 79% 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

Filed plans by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kvaerner Consolidated Retirement Plan reported net income rose from -$5M in the plan year 2022 filing to -$1M in the plan year 2023 filing.
  • Kvaerner Consolidated Retirement Plan end-of-year assets fell from $31M in the plan year 2022 filing to $30M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 760423235 · Aker Solutions Inc. PY 2023 · Defined Benefit (Pension)

Kvaerner Consolidated Retirement Plan · $30M · N/A · 79th

  • SCH $30M
  • EBSA N/A
  • PART 79th
  • TYPE Defined Benefit (Pension)
  • NET near Seattle Symphony Players Pension Plan
  • BOOK ind #16174

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 Professional & Technical Services retirement plans → · Plans in Texas →

Kvaerner Consolidated Retirement Plan in the asset neighbourhood

Firstbank Puerto Rico Pension Plan for the Former Employees of Banco Central Hispano - Puerto RicoFirstbank Puerto Rico Pensio…$30MKvaerner Consolidated Retirement PlanKvaerner Consolidated Retire…$30MSeattle Symphony Players Pension PlanSeattle Symphony Players Pen…$30MFrost Brown Todd LLP Cash Balance Pension PlanFrost Brown Todd LLP Cash Ba…$30MLegacy Community Federal Credit Union Cash Balance Defined Benefit Plan and TrustLegacy Community Federal Cre…$30M
End-of-year total assets ($M) among Kvaerner Consolidated Retirement 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)$31M
Net Assets (End of Year)$30M
Net Income-$1M
Employer EIN760423235
Plan Effective Date1978-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Aker Solutions Inc.)

Sponsor-wide plan assets over time

All Aker Solutions Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$116M 26.400196502033126% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $158M $116M ▼ -26.4%
Year Plans Participants Total Assets
2022 2 230 $158M
2023 2 272 $167M
2024 2 294 $116M

Nearby Defined Benefit (Pension) Plans in Texas

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

Kvaerner Consolidated Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Kvaerner Consolidated Retirement Plan, Total assets ($B): 0.029727233 · Participants: 0Kvaerner Consolidated Retirement PlanAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
Kvaerner Consolidated Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Kvaerner Consolidated Retirement Plan side-by-side with 3 peers →

Kvaerner Consolidated Retirement Plan's closest out-of-state Defined Benefit (Pension) peers by assets

Outside Texas, the nearest Defined Benefit (Pension) by end-of-year assets is Seattle Symphony Players Pension Plan in WA at $30M (this filing: $30M).

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 Kvaerner Consolidated Retirement Plan assets move in 2023? ▼
Kvaerner Consolidated Retirement Plan edged down modestly - down 3.4% during 2023, from $31M to $30M. Reported net income was -$1M.
How have Aker Solutions Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Aker Solutions Inc.'s sponsor-wide assets declined 26.4%, from $158M to $116M.
Where does Kvaerner Consolidated Retirement Plan rank by assets among Form 5500 filers? ▼
Kvaerner Consolidated Retirement Plan ranks in the 79th 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 Kvaerner Consolidated Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Seattle Symphony Players Pension Plan in WA ($30M, 85 participants).

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 760423235.

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.