Defined Benefit (Pension) · DOL Form 5500 · 2023

Skf USA Inc. Pension Plan

Data updated 2026-08-25

$660M
Total assets Above avg plan size
1,068
Participants Near avg headcount
98th
Percentile by assets National rank
$617,732
Avg per participant High balance/head
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Official DOL plan name: Pension Plan for Employees of Skf USA Inc. · Sponsored by Skf USA Inc. · Pennsylvania · Manufacturing

$660M in assets, 1,068 participants

Skf USA Inc.'s Pension Plan for Employees of Skf USA Inc. reported $660M in total assets and 1,068 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.

  • #18,094 in Manufacturing (18,722 peers)

Where Pension Plan for Employees of Skf USA Inc. sits by assets

Pension Plan for Employees of Skf USA Inc. sits in the top 5% of all filed plans by assets, $660M for 1,068 participants (~$617,732/participant), down 3.0% in 2023.

#18,094
in Manufacturing (18,722 peers)
-3.0%
assets change YoY
6.6×
vs typical plan assets (national mean)

The plan reported a net loss of $20M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Pension Plan for Employees of Skf USA Inc.'s outsized position by total assets

Pension Plan for Employees of Skf USA Inc. vs every filed plan by assets

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

$659,737,259 Top 2% higher than 98% 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

Pension Plan for Employees of Skf USA Inc.'s large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan for Employees of Skf USA Inc. lands in the large band (1,068 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pension Plan for Employees of Skf USA Inc. reported net income rose from -$208M in the plan year 2022 filing to -$20M in the plan year 2023 filing.
  • Pension Plan for Employees of Skf USA Inc. reported participants fell from 1,251 in the plan year 2022 filing to 1,068 in the plan year 2023 filing.
  • Pension Plan for Employees of Skf USA Inc. end-of-year assets fell from $680M in the plan year 2022 filing to $660M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 231043740 · Skf USA Inc. PY 2023 · Defined Benefit (Pension)

Pension Plan for Employees of Skf USA Inc. · $660M · 1,068 · 98th

  • ASSETS $660M
  • PCT 1,068
  • EIN 98th
  • RANK Defined Benefit (Pension)
  • PHOTO near Fca US LLC Consolidated Plan
  • IND ind #18094

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 Pennsylvania →

Pension Plan for Employees of Skf USA Inc. in the asset neighbourhood

Pension Plan for Employees of Skf USA Inc.Pension Plan for Employees o…$660MFca US LLC Consolidated Plan$660MNorthern California Electrical Workers Pension PlanNorthern California Electric…$657MTotalenergies Finance USA, Inc. Pension PlanTotalenergies Finance USA, I…$656MKirkland & Ellis LLP 2011 Retirement PlanKirkland & Ellis LLP 2011 Re…$655M
End-of-year total assets ($M) among Pension Plan for Employees of Skf USA Inc. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$680M
Net Assets (End of Year)$660M
Net Income-$20M
Employer EIN231043740
Plan Effective Date1950-12-10
Filing StatusFILING RECEIVED

Sponsor Plan History (Skf USA Inc.)

Sponsor-wide plan assets over time

All Skf USA Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 5.7424656497313835% vs 2022
2024 filing year
$1.4B$1.45B$1.5B$1.55B 202220232024 $1.43B $1.51B ▲ +5.6%
Year Plans Participants Total Assets
2022 3 4,854 $1.4B
2023 3 4,701 $1.5B
2024 3 4,429 $1.5B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Pension Plan for Employees of Skf USA Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Pension Plan for Employees of Skf USA Inc., Total assets ($B): 0.659737259 · Participants: 1068Pension Plan for Employees of Skf USA Inc.National Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
Pension Plan for Employees of Skf USA Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Pension Plan for Employees of Skf USA Inc. side-by-side with 3 peers →

Pension Plan for Employees of Skf USA Inc.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Fca US LLC Consolidated Plan in MI ($660M); by covered participants it is Dominion Energy Ohio Union Pension Plan in VA (1,068 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($660M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,068 participants); asset peers above are excluded.

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 Pension Plan for Employees of Skf USA Inc. assets move in 2023? ▼
Pension Plan for Employees of Skf USA Inc. edged down modestly - down 3.0% during 2023, from $680M to $660M. Reported net income was -$20M.
How have Skf USA Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Skf USA Inc.'s sponsor-wide assets grew 5.7%, from $1.4B to $1.5B.
Where does Pension Plan for Employees of Skf USA Inc. rank by assets among Form 5500 filers? ▼
Pension Plan for Employees of Skf USA Inc. 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 Pension Plan for Employees of Skf USA Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Fca US LLC Consolidated Plan in MI ($660M, 1,760 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Employees of Skf USA Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dominion Energy Ohio Union Pension Plan in VA (1,068 participants, $1.4B 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 231043740.

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.