Defined Benefit (Pension) · DOL Form 5500 · 2024

Steinway Musical Instruments, Inc. Pension Plan

Data updated 2026-08-11

$61M
Total assets
79
Participants
86th
Percentile by assets
$772,890
Avg per participant
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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.

  • 86th percentile by assets (of 123,622 plans)
  • #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.

$61M
total plan assets (2024 EOY)
79
covered participants
86th
percentile by assets (of 123,622 plans)
$772,890
avg assets per participant

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.

Where The Steinway Musical Pension Plan sits 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 $2,010,000,000 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

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 →

State
New York
Industry
Manufacturing

The Steinway Musical Pension Plan vs the 2024 asset distribution

By assets, The Steinway Musical Pension Plan outranks 86% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

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.)

$90M$95M$100M$105M$110M$115M 202220232024 $92.8M $109M ▲ +17.1%
Total plan assets by year, all Steinway Musical Instruments, Inc. plans on file
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 ($B) Participants The Steinway Musical…, Total assets ($B): 0.061058321 · Participants: 79The Steinway Musical…IBM Personal Pension…, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension…1199seiu Health Care…, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care…Consolidated Edison …, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison …Pfizer Consolidated …, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated …GE 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 →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to The Steinway Musical Pension Plan by total assets, not by location.

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).

Next read for The Steinway Musical Pension Plan

Scale reading

Ways to act on The Steinway Musical Pension Plan's numbers.

  • By total assets, The Steinway Musical Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
  • Steinway Musical Instruments, Inc.'s sponsor-wide assets have grown 17.1% 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 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.