Defined Benefit (Pension) · DOL Form 5500 · 2024
Sumitomo Machinery Corporation of America Pension Plan
Data updated 2026-08-25
- $56M
- Total assets Below avg plan size
- 325
- Participants Below avg headcount
- 85th
- Percentile by assets National rank
- $171,109
- Avg per participant Above avg balance/head
Official DOL plan name: Sumitomo Machinery Corporation of America Pension Plan · Sponsored by Sumitomo Machinery Corporation of America · Virginia · Manufacturing
$56M in assets, 325 participants
Sumitomo Machinery Corporation of America's Sumitomo Machinery Corporation of America Pension Plan reported $56M in total assets and 325 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.
- #14,052 in Manufacturing (17,777 peers)
Coverage in Virginia
Sumitomo Machinery Corporation of America Pension Plan covers 325 participants in Virginia, about 42% of the average Virginia filer (state average ~782 per filing). Assets: $56M.
- #14,052
- in Manufacturing (17,777 peers)
- -0.6%
- assets change YoY
- 0.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $336K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sumitomo Machinery Corporation of America Pension Plan's outsized position by total assets
Sumitomo Machinery Corporation of America Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$55,610,581 Top 15% higher than 85% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Sumitomo Machinery Corporation of America Pension Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sumitomo Machinery Corporation of America Pension Plan sits mid-pack in the medium band (325 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sumitomo Machinery Corporation of America Pension Plan reported net income fell from $2M in the plan year 2023 filing to -$336K in the plan year 2024 filing.
- Sumitomo Machinery Corporation of America Pension Plan reported participants fell from 371 in the plan year 2023 filing to 325 in the plan year 2024 filing.
- Sumitomo Machinery Corporation of America Pension Plan end-of-year assets fell from $56M in the plan year 2023 filing to $56M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 221815055 · Sumitomo Machinery Corporation of America PY 2024 · Defined Benefit (Pension)
Sumitomo Machinery Corporation of America Pension Plan · $56M · 325 · 85th
- PART $56M
- PART 325
- PART 85th
- PART Defined Benefit (Pension)
- PART near Blaze Credit Union Defined Benefit Plan and Trust
- PART ind #14052
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 Virginia →
Sumitomo Machinery Corporation of America Pension Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $56M |
|---|---|
| Net Assets (End of Year) | $56M |
| Net Income | -$336K |
| Employer EIN | 221815055 |
| Plan Effective Date | 1974-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumitomo Machinery Corporation of America)
Sponsor-wide plan assets over time
All Sumitomo Machinery Corporation of America plans reported in each filing year
- Latest sponsor-wide plan assets
- $126M 15.839184565676904% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 850 | $109M |
| 2023 | 2 | 852 | $119M |
| 2024 | 2 | 832 | $126M |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Pension Plan $18.8B · 12,678
- Retirement Security Plan $11.5B · 56,633
- Sheet Metal Workers' National Pension Fund $8.9B · 63,530
- Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
- Dominion Energy Pension Plan $8.3B · 11,758
Sumitomo Machinery Corporation of America Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Virginia, the nearest Defined Benefit (Pension) by assets is Blaze Credit Union Defined Benefit Plan and Trust in MN ($56M); by covered participants it is Pension Plan for Salaried Employees of Alcon in TX (325 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($56M here).
- Blaze Credit Union Defined Benefit Plan and Trust (MN) $56M · 150
- Libbey Salaried Cash Balance Pension Plan (OH) $56M · 113
- First United Corporation Pension Plan (MD) $56M · 104
- New York Backstretch Employees Pension Plan (NY) $55M · 1,162
Similar participant headcount
Nearest other-state filings by covered participants (325 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.