Defined Benefit (Pension) · DOL Form 5500 · 2023
Skf USA Inc. Pension Plan
Data updated 2026-08-11
- $660M
- Total assets
- 1,068
- Participants
- 98th
- Percentile by assets
- $617,732
- Avg per participant
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.
- 98th percentile by assets (of 127,072 plans)
- #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.
- $660M
- total plan assets (2023 EOY)
- 1,068
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $617,732
- avg assets per participant
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.
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.
Pension Plan for Employees of Skf USA Inc. vs the 2023 asset distribution
By assets, Pension Plan for Employees of Skf USA Inc. outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 6.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $680M |
|---|---|
| Net Assets (End of Year) | $660M |
| Net Income | -$20M |
| Employer EIN | 231043740 |
| Plan Effective Date | 1950-12-10 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Skf USA Inc.)
| 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
- National Elevator Industry Pension Plan $11.2B · 27,434
- Steelworkers Pension Trust $6.6B · 47,052
- The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
- Constellation Retirement Program $5.3B · 5,080
- The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan for Employees of Skf USA Inc. by total assets, not by location.
- Fca US LLC Consolidated Plan (MI) $660M · 1,760
- Northern California Electrical Workers Pension Plan (CA) $657M · 1,679
- Totalenergies Finance USA, Inc. Pension Plan (TX) $656M · 471
- Kirkland & Ellis LLP 2011 Retirement Plan (IL) $655M · 727
Frequently Asked Questions
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Ways to act on Pension Plan for Employees of Skf USA Inc.'s numbers.
- By total assets, Pension Plan for Employees of Skf USA Inc. 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 Pennsylvania. Compare plans
- Skf USA Inc.'s sponsor-wide assets have grown 5.7% since 2022 across 3 plan years on file. More Manufacturing plans