Gkn Aerospace Pension Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Gkn Aerospace Inc. · Texas · Manufacturing
What the 2023 filing shows
Gkn Aerospace Pension Plan holds $60M for 191 participants — about $316,482 per participant, down 58.2% over the 2023 plan year.
- $60M
- total plan assets (2023 EOY)
- 191
- covered participants
- $316,482
- avg assets per participant
- -58.2%
- assets change YoY
What the Filing Says About Gkn Aerospace Pension Plan
Gkn Aerospace Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Gkn Aerospace Inc., headquartered in Texas. As of the 2023 Form 5500 filing, the plan reports $60M in total end-of-year assets and covers 191 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 541566763, and the plan has been effective since 1988-08-31. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $145M at the beginning of 2023 to $60M at year-end — a decline of 58.2%. Net assets (after liabilities) closed the year at $60M, with reported net income of $5M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $145M |
| Total Assets (End of Year) | $60M |
| Net Assets (End of Year) | $60M |
| Net Income | $5M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 541566763 |
| Plan Effective Date | 1988-08-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Gkn Aerospace Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2023 | 1 | 191 | $60M |
| 2024 | 1 | 162 | $39M |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- AT&T Pension Benefit Plan $30.0B · 107,859
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Related Data
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Frequently Asked Questions
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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 541566763.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.