Defined Benefit (Pension) · DOL Form 5500 · 2024
Danfoss Power Solutions US Company Pension Plan
Data updated 2026-07-24
- $151M
- Total assets
- 1,014
- Participants
- 93rd
- Percentile by assets
- $148,671
- Avg per participant
Official DOL plan name: Danfoss Power Solutions Employees' Retirement Plan · Sponsored by Danfoss Power Solutions US Company · Iowa · Manufacturing
$151M in assets, 1,014 participants
Danfoss Power Solutions US Company's Danfoss Power Solutions Employees' Retirement Plan reported $151M in total assets and 1,014 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 116,472 plans)
What the 2024 filing shows
Danfoss Power Solutions Employees' Retirement Plan holds $151M for 1,014 participants - about $148,671 per participant, in the top 10% of all filed plans by assets, down 1.7% over the 2024 plan year.
- $151M
- total plan assets (2024 EOY)
- 1,014
- covered participants
- 93rd
- percentile by assets (of 116,472 plans)
- $148,671
- avg assets per participant
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Defined Benefit (Pension) · DOL Form 5500 · 2024
What the Filing Says About Danfoss Power Solutions Employees' Retirement Plan
Danfoss Power Solutions Employees' Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Danfoss Power Solutions US Company, headquartered in Iowa. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $151M in total end-of-year assets and covers 1,014 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 1987-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets edged down modestly from $153M at the beginning of 2024 to $151M at year-end - down 1.7%. Net assets (after liabilities) closed the year at $151M, with reported net income of -$3M 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.
Across the 3 plan years Danfoss Power Solutions US Company has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $593M to $734M, a gain of 23.8%, while reported participants moved from 4,130 to 4,492 (+8.8%). The strongest year on file by total sponsor assets was 2024 at $734M; the softest was 2022 at $593M. Year-by-year, sponsor-wide filings show: 2022 - $593M in assets across 3 plans covering 4,130 participants; 2023 - $681M in assets across 3 plans covering 4,409 participants; 2024 - $734M in assets across 3 plans covering 4,492 participants.
By assets, Danfoss Power Solutions Employees' Retirement Plan outranks 93% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.5x the national average plan size of $100M and 730 average participants.
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.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Danfoss Power Solutions Employees' Retirement Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $153M |
|---|---|
| Total Assets (End of Year) | $151M |
| Net Assets (End of Year) | $151M |
| Net Income | -$3M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 421345015 |
| Plan Effective Date | 1987-01-01 |
| 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 Defined Benefit (Pension) Plans in Iowa
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Danfoss Power Solutions Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants
- Transamerica Pension Plan $2.2B · 7,170
- Principal Cash Balance Plan $1.5B · 11,945
- Midamerican Energy Company Retirement Plan $521M · 2,805
- Employers Mutual Casualty Company Retirement Plan $362M · 1,908
- Pension Plan of the Plumbers and Steamfitters Local Union No. 33 Retirement Trust $331M · 1,233
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Danfoss Power Solutions Employees' Retirement Plan by total assets, not by location.
- Crayola LLC Employee's Retirement Plan (PA) $151M · 388
- Warehouse Employees Union Local No. 730 Pension Trust Fund (MD) $151M · 335
- Magna U.S. Consolidated Pension Plan () $151M · 494
- Retirement Plan for Employees of Aquarion Company (CT) $151M · 126
Frequently Asked Questions
How much money is in the Danfoss Power Solutions Employees' Retirement Plan? ▼
What type of plan is Danfoss Power Solutions Employees' Retirement Plan? ▼
Who sponsors the Danfoss Power Solutions Employees' Retirement Plan? ▼
How did Danfoss Power Solutions Employees' Retirement Plan perform in 2024? ▼
What this filing means
Ways to act on Danfoss Power Solutions Employees' Retirement Plan's numbers.
- By total assets, Danfoss Power Solutions 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 Iowa. Compare plans
- Danfoss Power Solutions US Company's sponsor-wide assets have grown 23.8% since 2022 across 3 plan years on file. More Manufacturing plans
- A Defined Benefit (Pension) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
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.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-07-24.