FACTORY PENSION PLAN OF DANFOSS POWER SOLUTIONS(LASALLE) AND INTL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRIC WKERS OF AM LOCAL UNION 28
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
DANFOSS POWER SOLUTIONS US COMPANY
This Other plan holds $19M in total assets and serves N/A participants as of 2024. It is sponsored by DANFOSS POWER SOLUTIONS US COMPANY in Iowa. The plan reported a net loss of $2M for the year.
What the Filing Says About FACTORY PENSION PLAN OF DANFOSS POWER SOLUTIONS(LASALLE) AND INTL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRIC WKERS OF AM LOCAL UNION 28
FACTORY PENSION PLAN OF DANFOSS POWER SOLUTIONS(LASALLE) AND INTL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRIC WKERS OF AM LOCAL UNION 28 is a Other retirement plan sponsored by DANFOSS POWER SOLUTIONS US COMPANY, headquartered in Iowa. As of the 2024 Form 5500 filing, the plan reports $19M in total end-of-year assets and covers N/A participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 421345015, and the plan has been effective since 1970-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $21M at the beginning of 2024 to $19M at year-end — a decline of 7.4%. Net assets (after liabilities) closed the year at $19M, with reported net income of $-1,536,726 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $21M |
| Total Assets (End of Year) | $19M |
| Net Assets (End of Year) | $19M |
| Net Income | $-1,536,726 |
| Plan Type | Other |
| Employer EIN | 421345015 |
| Plan Effective Date | 1970-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (DANFOSS POWER SOLUTIONS US COMPANY)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 4,130 | $593M |
| 2023 | 3 | 4,409 | $681M |
| 2024 | 3 | 4,492 | $734M |
Nearby Other Plans in Iowa
Peer Other plans — same state, same plan type — ranked by total assets.
- EMPLOYEE OWNED BRANDS, INC. EMPLOYEE STOCK OWNERSHIP PLAN $864M · 802
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- VGM GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN $406M · 1,070
- ANNETT HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST $400M · 2,714
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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 421345015.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.