Defined Benefit (Pension) · DOL Form 5500 · 2023
Aker Solutions Inc. Pension Plan
Data updated 2026-08-11
- $30M
- Total assets
- N/A
- Participants
- 79th
- Percentile by assets
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.
- 79th percentile by assets (of 127,072 plans)
- #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.
- $30M
- total plan assets (2023 EOY)
- N/A
- covered participants
- 79th
- percentile by assets (of 127,072 plans)
- -3.4%
- assets change YoY
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.
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.
Kvaerner Consolidated Retirement Plan vs the 2023 asset distribution
By assets, Kvaerner Consolidated Retirement Plan outranks 79% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $31M |
|---|---|
| Net Assets (End of Year) | $30M |
| Net Income | -$1M |
| Employer EIN | 760423235 |
| Plan Effective Date | 1978-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Aker Solutions Inc.)
| 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
- AT&T Pension Benefit Plan $30.0B · 107,859
- Shell Pension Plan $15.1B · 12,215
- Exxonmobil Pension Plan $12.0B · 22,551
- Caterpillar Inc. Retirement Income Plan $9.8B · 12,138
- Bp Retirement Accumulation Plan $5.5B · 9,360
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Kvaerner Consolidated Retirement Plan by total assets, not by location.
- Seattle Symphony Players Pension Plan (WA) $30M · 85
- Firstbank Puerto Rico Pension Plan for the Former Employees of Banco Central Hispano - Puerto Rico (PR) $30M · N/A
- Frost Brown Todd LLP Cash Balance Pension Plan (KY) $30M · 195
- Legacy Community Federal Credit Union Cash Balance Defined Benefit Plan and Trust (AL) $30M · 80
Frequently Asked Questions
How did Kvaerner Consolidated Retirement Plan assets move in 2023? ▼
How have Aker Solutions Inc. plan assets changed over time? ▼
Where does Kvaerner Consolidated Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Kvaerner Consolidated Retirement Plan? ▼
Next read for Kvaerner Consolidated Retirement Plan
Scale reading
Ways to act on Kvaerner Consolidated Retirement Plan's numbers.
- By total assets, Kvaerner Consolidated Retirement Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
- Aker Solutions Inc.'s sponsor-wide assets have declined 26.4% since 2022 across 3 plan years on file. More Professional & Technical Services plans