Defined Benefit (Pension) · DOL Form 5500 · 2024

Kone Inc. Pension Plan

Data updated 2026-08-25

$166M
Total assets Near avg plan size
1,709
Participants Near avg headcount
93rd
Percentile by assets National rank
$97,342
Avg per participant Below avg balance/head
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Official DOL plan name: Kone Inc. Employees' Retirement Plan · Sponsored by Kone Inc. · Illinois · Manufacturing

$166M in assets, 1,709 participants

Kone Inc.'s Kone Inc. Employees' Retirement Plan reported $166M in total assets and 1,709 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

  • #16,037 in Manufacturing (17,777 peers)

Coverage in Illinois

Kone Inc. Employees' Retirement Plan covers 1,709 participants in Illinois, 2.2x the typical Illinois plan (state average ~779 per filing). Assets: $166M.

#16,037
in Manufacturing (17,777 peers)
-1.0%
assets change YoY
1.7×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Kone Inc. Employees' Retirement Plan's outsized position by total assets

Kone Inc. Employees' Retirement Plan vs every filed plan by assets

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

$166,356,791 Top 7% higher than 93% 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

Kone Inc. Employees' Retirement Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Kone Inc. Employees' Retirement Plan lands in the large band (1,709 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Kone Inc. Employees' Retirement Plan reported net income fell from $9M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Kone Inc. Employees' Retirement Plan end-of-year assets fell from $168M in the plan year 2023 filing to $166M in the plan year 2024 filing.
  • Kone Inc. Employees' Retirement Plan reported participants rose from 1,693 in the plan year 2023 filing to 1,709 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 362357423 · Kone Inc. PY 2024 · Defined Benefit (Pension)

Kone Inc. Employees' Retirement Plan · $166M · 1,709 · 93rd

  • EIN $166M
  • EIN 1,709
  • EIN 93rd
  • EIN Defined Benefit (Pension)
  • EIN near Heat & Frost Insulators and Allied Workers Local 6 Pension Fund
  • EIN ind #16037

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 Illinois →

Kone Inc. Employees' Retirement Plan in the asset neighbourhood

Appalachian Regional Healthcare, Inc. Pension PlanAppalachian Regional Healthc…$166MSheet Metal Workers Local No. 292 Pension FundSheet Metal Workers Local No…$166MKone Inc. Employees' Retirement PlanKone Inc. Employees' Retirem…$166MHeat & Frost Insulators and Allied Workers Local 6 Pension FundHeat & Frost Insulators and …$166MEastern Shore Teamsters Pension FundEastern Shore Teamsters Pens…$166M
End-of-year total assets ($M) among Kone Inc. Employees' Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$168M
Net Assets (End of Year)$166M
Net Income-$2M
Employer EIN362357423
Plan Effective Date1962-05-18
Filing StatusFILING RECEIVED

Sponsor Plan History (Kone Inc.)

Sponsor-wide plan assets over time

All Kone Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$634M 19.525268171064646% vs 2022
2024 filing year
$500M$550M$600M$650M 202220232024 $530M $634M ▲ +19.5%
Year Plans Participants Total Assets
2022 2 3,405 $530M
2023 2 3,539 $588M
2024 2 3,551 $634M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Kone Inc. Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -200204060 Total assets ($B) Participants Kone Inc. Employees' Retirement Plan, Total assets ($B): 0.166356791 · Participants: 1709Kone Inc. Employees' Retirement PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 48.22071058 · Participants: 36799Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 37.736369487 · Participants: 41619State Farm Insurance Companies Retirement Plan for United States EmployeesGE Healthcare Pension Plan, Total assets ($B): 13.74052931 · Participants: 5554GE Healthcare Pension PlanAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 8.591907247 · Participants: 17875Abbott Laboratories Annuity Retirement PlanUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 8.17675965 · Participants: 20984United Food & Commercial Workers Intl Union - Industry Pension Fund
Kone Inc. Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Kone Inc. Employees' Retirement Plan side-by-side with 3 peers →

Kone Inc. Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Heat & Frost Insulators and Allied Workers Local 6 Pension Fund in MA ($166M); by covered participants it is 32bj Connecticut Pension Fund in NY (1,710 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,709 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 Kone Inc. Employees' Retirement Plan assets move in 2024? ▼
Kone Inc. Employees' Retirement Plan edged down modestly - down 1.0% during 2024, from $168M to $166M. Reported net income was -$2M.
How have Kone Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kone Inc.'s sponsor-wide assets grew 19.5%, from $530M to $634M.
Where does Kone Inc. Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Kone Inc. Employees' Retirement Plan ranks in the 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Kone Inc. Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Heat & Frost Insulators and Allied Workers Local 6 Pension Fund in MA ($166M, 570 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Kone Inc. Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is 32bj Connecticut Pension Fund in NY (1,710 participants, $84M 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 362357423.

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.