Defined Benefit (Pension) · DOL Form 5500 · 2023

Air Products and Chemicals, Inc. Pension Plan

Data updated 2026-08-11

$2.3B
Total assets: 1,071
Participants: 99th
Percentile by assets: $2.2M
Avg per participant

Official DOL plan name: Air Products and Chemicals, Inc. Pension Plan for Salaried Employees · Sponsored by Air Products and Chemicals, Inc. · Pennsylvania · Manufacturing

$2.3B in assets, 1,071 participants

Air Products and Chemicals, Inc.'s Air Products and Chemicals, Inc. Pension Plan for Salaried Employees reported $2.3B in total assets and 1,071 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 127,072 plans)
#18,513 in Manufacturing (18,722 peers)

Where Air Products and Chemicals, Inc. Pension Plan for Salaried Employees sits by assets

Air Products and Chemicals, Inc. Pension Plan for Salaried Employees sits among the largest 1% of all filed plans, $2.3B for 1,071 participants (~$2.2M/participant), up 10.1% in 2023.

$2.3B
total plan assets (2023 EOY): 1,071
covered participants: 99th
percentile by assets (of 127,072 plans): $2.2M
avg assets per participant

Air Products and Chemicals, Inc. Pension Plan for Salaried Employees reported net income rose from -$98M in the plan year 2022 filing to $212M in the plan year 2023 filing.
Air Products and Chemicals, Inc. Pension Plan for Salaried Employees end-of-year assets rose from $2.1B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
Air Products and Chemicals, Inc. Pension Plan for Salaried Employees reported participants fell from 1,169 in the plan year 2022 filing to 1,071 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Manufacturing

Air Products and Chemicals, Inc. Pension Plan for Salaried Employees vs the 2023 asset distribution

By assets, Air Products and Chemicals, Inc. Pension Plan for Salaried Employees outranks 99% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 23x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$2.1B
Net Assets (End of Year)	$2.3B
Net Income	$212M
Employer EIN	231274455
Plan Effective Date	1957-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Air Products and Chemicals, Inc.)

Total plan assets by year, all Air Products and Chemicals, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	3	6,869	$4.7B
2023	3	7,105	$5.1B
2024	1	6,170	$2.7B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Air Products and Chemicals, Inc. Pension Plan for Salaried Employees 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

Compare Air Products and Chemicals, Inc. Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Air Products and Chemicals, Inc. Pension Plan for Salaried Employees by total assets, not by location.

Transamerica Pension Plan (IA) $2.3B · 6,519
Ernst & Young Defined Benefit Retirement Plan (NJ) $2.3B · 45,954
New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund (NY) $2.3B · 24,024
Reynolds and Affiliates Pension Plan (NC) $2.3B · 997

Frequently Asked Questions

How did Air Products and Chemicals, Inc. Pension Plan for Salaried Employees assets move in 2023? ▼

Air Products and Chemicals, Inc. Pension Plan for Salaried Employees grew at a solid clip - up 10.1% during 2023, from $2.1B to $2.3B. Reported net income was $212M.

How have Air Products and Chemicals, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Air Products and Chemicals, Inc.'s sponsor-wide assets declined 41.9%, from $4.7B to $2.7B.

Where does Air Products and Chemicals, Inc. Pension Plan for Salaried Employees rank by assets among Form 5500 filers? ▼

Air Products and Chemicals, Inc. Pension Plan for Salaried Employees ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Air Products and Chemicals, Inc. Pension Plan for Salaried Employees? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Transamerica Pension Plan in IA ($2.3B, 6,519 participants).

Next read for Air Products and Chemicals, Inc. Pension…

Scale reading

Ways to act on Air Products and Chemicals, Inc. Pension Plan for Salaried Employees's numbers.

By total assets, Air Products and Chemicals, Inc. Pension Plan for Salaried Employees ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
Air Products and Chemicals, Inc.'s sponsor-wide assets have declined 41.9% since 2022 across 3 plan years on file. More Manufacturing plans

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 231274455.