Defined Benefit (Pension) · DOL Form 5500 · 2024

Steinway Musical Instruments, Inc. Pension Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
79
Participants Small participant base
86th
Percentile by assets National rank
$772,890
Avg per participant High balance/head
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Official DOL plan name: The Steinway Musical Pension Plan · Sponsored by Steinway Musical Instruments, Inc. · New York · Manufacturing

$61M in assets, 79 participants

Steinway Musical Instruments, Inc.'s The Steinway Musical Pension Plan reported $61M in total assets and 79 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #14,266 in Manufacturing (17,777 peers)

Where The Steinway Musical Pension Plan sits by assets

The Steinway Musical Pension Plan sits in the top quartile of all filed plans by assets, $61M for 79 participants (~$772,890/participant), down 6.2% in 2024.

#14,266
in Manufacturing (17,777 peers)
-6.2%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Steinway Musical Pension Plan's outsized position by total assets

The Steinway Musical Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$61,058,321 Top 14% higher than 86% of 123,620 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 2024

The Steinway Musical Pension Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Steinway Musical Pension Plan is a small filing (79 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Steinway Musical Pension Plan reported net income fell from $8M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
  • The Steinway Musical Pension Plan reported participants fell from 92 in the plan year 2023 filing to 79 in the plan year 2024 filing.
  • The Steinway Musical Pension Plan end-of-year assets fell from $65M in the plan year 2023 filing to $61M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 351910745 · Steinway Musical Instruments, Inc. PY 2024 · Defined Benefit (Pension)

The Steinway Musical Pension Plan · $61M · 79 · 86th

  • PHOTO $61M
  • PHOTO 79
  • PHOTO 86th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Chapman and Cutler LLP Cash Balance Plan
  • PHOTO ind #14266

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 New York →

The Steinway Musical Pension Plan in the asset neighbourhood

IBEW Local 573 Pension Plan$61MComposition Roofers Local 42 Pension PlanComposition Roofers Local 42…$61MThe Steinway Musical Pension PlanThe Steinway Musical Pension…$61MChapman and Cutler LLP Cash Balance PlanChapman and Cutler LLP Cash …$61MRetirement Plan for Employees of Pearl River Valley Electric Power AssociationRetirement Plan for Employee…$61M
End-of-year total assets ($M) among The Steinway Musical Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$61M
Net Income-$4M
Employer EIN351910745
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Steinway Musical Instruments, Inc.)

Sponsor-wide plan assets over time

All Steinway Musical Instruments, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$109M 17.05514524795127% vs 2022
2024 filing year
$90M$95M$100M$105M$110M$115M 202220232024 $92.8M $109M ▲ +17.1%
Year Plans Participants Total Assets
2022 2 266 $93M
2023 2 283 $108M
2024 2 261 $109M

Nearby Defined Benefit (Pension) Plans in New York

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

The Steinway Musical Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants The Steinway Musical Pension Plan, Total assets ($B): 0.061058321 · Participants: 79The Steinway Musical Pension PlanIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
The Steinway Musical Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare The Steinway Musical Pension Plan side-by-side with 3 peers →

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

Outside New York, the nearest Defined Benefit (Pension) by assets is Chapman and Cutler LLP Cash Balance Plan in IL ($61M); by covered participants it is Glasgow, Inc. Pension Plan in PA (79 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (79 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Steinway Musical Pension Plan assets move in 2024? ▼
The Steinway Musical Pension Plan pulled back noticeably - down 6.2% during 2024, from $65M to $61M. Reported net income was -$4M.
How have Steinway Musical Instruments, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Steinway Musical Instruments, Inc.'s sponsor-wide assets grew 17.1%, from $93M to $109M.
Where does The Steinway Musical Pension Plan rank by assets among Form 5500 filers? ▼
The Steinway Musical Pension Plan ranks in the 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to The Steinway Musical Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Chapman and Cutler LLP Cash Balance Plan in IL ($61M, 129 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Steinway Musical Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Glasgow, Inc. Pension Plan in PA (79 participants, $28M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 351910745.

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.