Defined Benefit (Pension) · DOL Form 5500 · 2023

The Babcock & Wilcox Company Pension Plan

Data updated 2026-08-11

$683M
Total assets: 328
Participants: 98th
Percentile by assets: $2.1M
Avg per participant

Official DOL plan name: Retirement Plan for Employees of Babcock & Wilcox Commercial Operations · Sponsored by The Babcock & Wilcox Company · Ohio · Manufacturing

$683M in assets, 328 participants

The Babcock & Wilcox Company's Retirement Plan for Employees of Babcock & Wilcox Commercial Operations reported $683M in total assets and 328 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 127,072 plans)
#18,111 in Manufacturing (18,722 peers)

Coverage in Ohio

Retirement Plan for Employees of Babcock & Wilcox Commercial Operations covers 328 participants in Ohio, about 43% of the average Ohio filer (state average ~765 per filing). Assets: $683M.

$683M
total plan assets (2023 EOY): 328
covered participants: 98th
percentile by assets (of 127,072 plans): $2.1M
avg assets per participant

The plan reported a net loss of $43M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Retirement Plan for Employees of Babcock & Wilcox Commercial Operations reported net income rose from -$247M in the plan year 2022 filing to -$43M in the plan year 2023 filing.
Retirement Plan for Employees of Babcock & Wilcox Commercial Operations end-of-year assets fell from $725M in the plan year 2022 filing to $683M in the plan year 2023 filing.
Retirement Plan for Employees of Babcock & Wilcox Commercial Operations reported participants fell from 348 in the plan year 2022 filing to 328 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Manufacturing

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Retirement Plan for Employees of Babcock & Wilcox Commercial Operations reports 328 participants - about 43% of that state average ($683M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$725M
Net Assets (End of Year)	$683M
Net Income	-$43M
Employer EIN	132933685
Plan Effective Date	2005-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (The Babcock & Wilcox Company)

Total plan assets by year, all The Babcock & Wilcox Company plans on file

Year	Plans	Participants	Total Assets
2022	2	1,005	$1.1B
2023	2	1,215	$1.1B
2024	2	1,266	$1.1B

Nearby Defined Benefit (Pension) Plans in Ohio

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

Retirement Plan for Employees of Babcock & Wilcox Commercial Operations vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants

Firstenergy Corp. Master Pension Plan $7.1B · 12,304
Nationwide Retirement Plan $5.3B · 22,311
American Electric Power System Retirement Plan $4.5B · 15,595
Parker Defined Benefit Plan $3.7B · 191
Ohio Operating Engineers Pension Plan $3.6B · 10,029

Compare Retirement Plan for Employees of Babcock… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Plan for Employees of Babcock & Wilcox Commercial Operations by total assets, not by location.

Teamsters Negotiated Pension Plan (MO) $683M · 2,276
Adm Retirement Plan (IL) $683M · 7,840
Johns Hopkins University Support Staff Pension Plan (MD) $685M · 2,815
Medstar Health, Inc. Cash Balance Retirement Plan (MD) $680M · 2,295

Frequently Asked Questions

How did Retirement Plan for Employees of Babcock & Wilcox Commercial Operations assets move in 2023? ▼

Retirement Plan for Employees of Babcock & Wilcox Commercial Operations pulled back noticeably - down 5.9% during 2023, from $725M to $683M. Reported net income was -$43M.

How have The Babcock & Wilcox Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), The Babcock & Wilcox Company's sponsor-wide assets declined 6.2%, from $1.1B to $1.1B.

Where does Retirement Plan for Employees of Babcock & Wilcox Commercial Operations rank by assets among Form 5500 filers? ▼

Retirement Plan for Employees of Babcock & Wilcox Commercial Operations ranks in the 98th 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 Retirement Plan for Employees of Babcock & Wilcox Commercial Operations? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Teamsters Negotiated Pension Plan in MO ($683M, 2,276 participants).

Next read for Retirement Plan for Employees of Babcock…

Filing takeaways

Ways to act on Retirement Plan for Employees of Babcock & Wilcox Commercial Operations's numbers.

By total assets, Retirement Plan for Employees of Babcock & Wilcox Commercial Operations ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
The Babcock & Wilcox Company's sponsor-wide assets have declined 6.2% 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 132933685.