Defined Benefit (Pension) · DOL Form 5500 · 2023
S. B. Foot Tanning Company Employees' Pension Plan
Data updated 2026-05-15
- $4M
- Total assets
- 38
- Participants
- 40th
- Percentile by assets
- $104,492
- Avg per participant
Sponsored by S. B. Foot Tanning Company · Minnesota · Manufacturing
What the 2023 filing shows
S. B. Foot Tanning Company Employees' Pension Plan holds $4M for 38 participants - about $104,492 per participant, in the lower half of filed plans by assets, down 86.4% over the 2023 plan year.
- $4M
- total plan assets (2023 EOY)
- 38
- covered participants
- 40th
- percentile by assets (of 126,618 plans)
- $104,492
- avg assets per participant
The plan reported a net loss of $25M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Defined Benefit (Pension) · DOL Form 5500 · 2023
What the Filing Says About S. B. Foot Tanning Company Employees' Pension Plan
S. B. Foot Tanning Company Employees' Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by S. B. Foot Tanning Company, headquartered in Minnesota. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 38 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 410261210, and the plan has been effective since 1951-11-30. Its filing status is currently FILING RECEIVED.
Year over year, total assets contracted severely from $29M at the beginning of 2023 to $4M at year-end - down 86.4%. Net assets (after liabilities) closed the year at $4M, with reported net income of -$25M 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.
Across the 2 plan years S. B. Foot Tanning Company has on file with PlainRetire (2022-2023), sponsor-wide plan assets have moved from $29M to $4M, a decline of 86.4%, while reported participants moved from 39 to 38 (-2.6%). Year-by-year, sponsor-wide filings show: 2022 - $29M in assets across 1 plan covering 39 participants; 2023 - $4M in assets across 1 plan covering 38 participants.
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.
How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank S. B. Foot Tanning Company Employees' Pension Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $29M |
|---|---|
| Total Assets (End of Year) | $4M |
| Net Assets (End of Year) | $4M |
| Net Income | -$25M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 410261210 |
| Plan Effective Date | 1951-11-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (S. B. Foot Tanning Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 39 | $29M |
| 2023 | 1 | 38 | $4M |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.3B · 10,638
- Mayo Pension Plan $11.0B · 69,155
- The Travelers Pension Plan $4.2B · 24,884
- General Mills Pension Plan I $4.0B · 383
- U.S. Bank Pension Plan $4.0B · 56,287
Frequently Asked Questions
How much money is in the S. B. Foot Tanning Company Employees' Pension Plan? ▼
What type of plan is S. B. Foot Tanning Company Employees' Pension Plan? ▼
Who sponsors the S. B. Foot Tanning Company Employees' Pension Plan? ▼
How did S. B. Foot Tanning Company Employees' Pension Plan perform in 2023? ▼
What this filing means
Ways to act on S. B. Foot Tanning Company Employees' Pension Plan's numbers.
- By total assets, S. B. Foot Tanning Company Employees' Pension Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- S. B. Foot Tanning Company's sponsor-wide assets have declined 86.4% since 2022 across 2 plan years on file. More Manufacturing plans
- A Defined Benefit (Pension) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
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 410261210.
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.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.