Defined Benefit (Pension) · DOL Form 5500 · 2023

Sandvik, Inc. Pension Plan

Data updated 2026-08-25

$618M
Total assets Above avg plan size
431
Participants Below avg headcount
98th
Percentile by assets National rank
$1.4M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sandvik Pension Plan · Sponsored by Sandvik, Inc. · North Carolina · Manufacturing

$618M in assets, 431 participants

Sandvik, Inc.'s Sandvik Pension Plan reported $618M in total assets and 431 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.

  • #18,055 in Manufacturing (18,722 peers)

Where Sandvik Pension Plan sits by assets

Sandvik Pension Plan sits in the top 5% of all filed plans by assets, $618M for 431 participants (~$1.4M/participant), up 0.6% in 2023.

#18,055
in Manufacturing (18,722 peers)
+0.6%
assets growth YoY
6.2×
vs typical plan assets (national mean)

Sandvik Pension Plan's outsized position by total assets

Sandvik Pension Plan vs every filed plan by assets

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

$618,450,005 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

Sandvik Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sandvik Pension Plan sits mid-pack in the medium band (431 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sandvik Pension Plan reported net income rose from -$283M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Sandvik Pension Plan reported participants fell from 673 in the plan year 2022 filing to 431 in the plan year 2023 filing.
  • Sandvik Pension Plan end-of-year assets rose from $615M in the plan year 2022 filing to $618M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 221717737 · Sandvik, Inc. PY 2023 · Defined Benefit (Pension)

Sandvik Pension Plan · $618M · 431 · 98th

  • SCH $618M
  • EBSA 431
  • PART 98th
  • TYPE Defined Benefit (Pension)
  • NET near Permanente Physicians Retirement Plan for Cpmg
  • BOOK ind #18055

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 North Carolina →

Sandvik Pension Plan in the asset neighbourhood

Nurses and Local 813 Ibt Retirement PlanNurses and Local 813 Ibt Ret…$619MPermanente Physicians Retirement Plan for CpmgPermanente Physicians Retire…$619MSandvik Pension Plan$618MRetirement Plan for the Hourly Employees of MsdRetirement Plan for the Hour…$617MShelter Insurance Employees Retirement PlanShelter Insurance Employees …$616M
End-of-year total assets ($M) among Sandvik Pension 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)$615M
Net Assets (End of Year)$618M
Net Income$4M
Employer EIN221717737
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandvik, Inc.)

Sponsor-wide plan assets over time

All Sandvik, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 11.038655328974231% vs 2022
2024 filing year
$1.1B$1.15B$1.2B$1.25B$1.3B 202220232024 $1.15B $1.28B ▲ +11.3%
Year Plans Participants Total Assets
2022 2 3,052 $1.2B
2023 2 3,008 $1.2B
2024 2 3,101 $1.3B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Sandvik Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Sandvik Pension Plan, Total assets ($B): 0.618450005 · Participants: 431Sandvik Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
Sandvik Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Sandvik Pension Plan side-by-side with 3 peers →

Sandvik Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Permanente Physicians Retirement Plan for Cpmg in CA ($619M); by covered participants it is Borgwarner Inc. Retirement Plan in MI (431 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($618M here).

Similar participant headcount

Nearest other-state filings by covered participants (431 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 Sandvik Pension Plan assets move in 2023? ▼
Sandvik Pension Plan held essentially flat - up 0.6% during 2023, from $615M to $618M. Reported net income was $4M.
How have Sandvik, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sandvik, Inc.'s sponsor-wide assets grew 11.0%, from $1.2B to $1.3B.
Where does Sandvik Pension Plan rank by assets among Form 5500 filers? ▼
Sandvik Pension Plan 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 Sandvik Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Permanente Physicians Retirement Plan for Cpmg in CA ($619M, 861 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sandvik Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Borgwarner Inc. Retirement Plan in MI (431 participants, $123M 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 221717737.

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.