Defined Benefit (Pension) · DOL Form 5500 · 2024

Nokia of America Corporation Pension Plan

Data updated 2026-07-24

$12.9B
Total assets: 7,280
Participants: 100th
Percentile by assets: $1.8M
Avg per participant

Official DOL plan name: Nokia Retirement Income Plan · Sponsored by Nokia of America Corporation · New Jersey · Manufacturing

$12.9B in assets, 7,280 participants

Nokia of America Corporation's Nokia Retirement Income Plan reported $12.9B in total assets and 7,280 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.

100th percentile by assets (of 116,472 plans)

Coverage in New Jersey

Nokia Retirement Income Plan covers 7,280 participants in New Jersey, 8.4x the typical New Jersey plan (state average ~865 per filing). Assets: $12.9B.

$12.9B
total plan assets (2024 EOY): 7,280
covered participants: 100th
percentile by assets (of 116,472 plans): $1.8M
avg assets per participant

The plan reported a net loss of $1.0B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Nokia Retirement Income Plan reported net income fell from -$631M in the plan year 2023 filing to -$1.0B in the plan year 2024 filing.
Nokia Retirement Income Plan end-of-year assets fell from $13.9B in the plan year 2023 filing to $12.9B in the plan year 2024 filing.
Nokia Retirement Income Plan reported participants fell from 7,492 in the plan year 2023 filing to 7,280 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New Jersey

Industry

Manufacturing

Participants vs New Jersey filers

In New Jersey, the average filing covers about 865 participants across 3,927 plans. Nokia Retirement Income Plan reports 7,280 participants - 8.4x that state average ($12.9B EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$13.9B
Net Assets (End of Year)	$12.9B
Net Income	-$1.0B
Employer EIN	223408857
Plan Effective Date	1996-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Nokia of America Corporation)

Total plan assets by year, all Nokia of America Corporation plans on file

Year	Plans	Participants	Total Assets
2022	3	14,753	$27.1B
2023	3	14,818	$27.2B
2024	3	14,384	$26.7B

Nearby Defined Benefit (Pension) Plans in New Jersey

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

Nokia Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants

Retirement Plan of Johnson and Johnson $21.1B · 37,882
JPMorgan Chase Retirement Plan $16.1B · 83,812
The Prudential Merged Retirement Plan $12.0B · 16,233
Merck US Pension Plan $10.1B · 26,843
Metlife Retirement Plan $7.9B · 13,263

Compare Nokia Retirement Income Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Nokia Retirement Income Plan by total assets, not by location.

UPS/Ibt Full-Time Employee Pension Plan (GA) $12.2B · 69,627
Ford Motor Company General Retirement Plan (MI) $12.1B · 8,585
Exxonmobil Pension Plan (TX) $12.1B · 22,000
GE Healthcare Pension Plan (IL) $13.7B · 5,554

Frequently Asked Questions

How did Nokia Retirement Income Plan assets move in 2024? ▼

Nokia Retirement Income Plan pulled back noticeably - down 7.3% during 2024, from $13.9B to $12.9B. Reported net income was -$1.0B.

How have Nokia of America Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Nokia of America Corporation's sponsor-wide assets declined 1.4%, from $27.1B to $26.7B.

Where does Nokia Retirement Income Plan rank by assets among Form 5500 filers? ▼

Nokia Retirement Income Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Nokia Retirement Income Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is UPS/Ibt Full-Time Employee Pension Plan in GA ($12.2B, 69,627 participants).

Next read for Nokia Retirement Income Plan

Filing takeaways

Ways to act on Nokia Retirement Income Plan's numbers.

By total assets, Nokia Retirement Income Plan 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 New Jersey. Compare plans
Nokia of America Corporation's sponsor-wide assets have declined 1.4% 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 223408857.

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.