Defined Benefit (Pension) · DOL Form 5500 · 2024
Kone Inc. Pension Plan
Data updated 2026-08-11
- $166M
- Total assets
- 1,709
- Participants
- 93rd
- Percentile by assets
- $97,342
- Avg per participant
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.
- 93rd percentile by assets (of 123,622 plans)
- #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.
- $166M
- total plan assets (2024 EOY)
- 1,709
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $97,342
- avg assets per participant
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.
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Kone Inc. Employees' Retirement Plan reports 1,709 participants - 2.2x that state average ($166M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $168M |
|---|---|
| Net Assets (End of Year) | $166M |
| Net Income | -$2M |
| Employer EIN | 362357423 |
| Plan Effective Date | 1962-05-18 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Kone Inc.)
| 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
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Kone Inc. Employees' Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Kone Inc. Employees' Retirement Plan assets move in 2024? ▼
How have Kone Inc. plan assets changed over time? ▼
Where does Kone Inc. Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
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Next read for Kone Inc. Employees' Retirement Plan
Filing takeaways
Ways to act on Kone Inc. Employees' Retirement Plan's numbers.
- By total assets, Kone Inc. Employees' Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Kone Inc.'s sponsor-wide assets have grown 19.5% since 2022 across 3 plan years on file. More Manufacturing plans