Defined Benefit (Pension) · DOL Form 5500 · 2023
Makino Inc. Pension Plan
ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.
- $43M
- Total assets
- 60
- Participants
- 72th
- Percentile by assets
Sponsored by Makino Inc. · Ohio · Manufacturing
What the 2023 filing shows
Makino Inc. Pension Plan holds $43M for 60 participants - about $717,766 per participant, above the median plan by assets, up 19.8% over the 2023 plan year.
- $43M
- total plan assets (2023 EOY)
- 60
- covered participants
- 72th
- percentile by assets (of 72,800 plans)
- $717,766
- avg assets per participant
What the Filing Says About Makino Inc. Pension Plan
Makino Inc. Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Makino Inc., headquartered in Ohio. As of the 2023 Form 5500 filing, the plan reports $43M in total end-of-year assets and covers 60 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 310352460, and the plan has been effective since 1974-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $36M at the beginning of 2023 to $43M at year-end - a gain of 19.8%. Net assets (after liabilities) closed the year at $43M, with reported net income of $284K 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 2 prior plan-year filings 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) | $36M |
| Total Assets (End of Year) | $43M |
| Net Assets (End of Year) | $43M |
| Net Income | $284K |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 310352460 |
| Plan Effective Date | 1974-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Makino Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 492 | $144M |
| 2023 | 3 | 545 | $159M |
| 2024 | 2 | 578 | $173M |
Nearby Defined Benefit (Pension) Plans in Ohio
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 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
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- Pension Plan for Eaton Corporation Employees $2.6B · 8,916
Related Data
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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 310352460.
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.