Defined Benefit (Pension) · DOL Form 5500 · 2024
Volvo Group North America LLC Pension Plan
Data updated 2026-08-25
- $314M
- Total assets Above avg plan size
- 3,512
- Participants Above avg headcount
- 96th
- Percentile by assets National rank
- $89,453
- Avg per participant Below avg balance/head
Official DOL plan name: Volvo Group North America Retirement Plan · Sponsored by Volvo Group North America LLC · North Carolina · Manufacturing
$314M in assets, 3,512 participants
Volvo Group North America LLC's Volvo Group North America Retirement Plan reported $314M in total assets and 3,512 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- #16,642 in Manufacturing (17,777 peers)
Coverage in North Carolina
Volvo Group North America Retirement Plan covers 3,512 participants in North Carolina, 4.3x the typical North Carolina plan (state average ~819 per filing). Assets: $314M.
- #16,642
- in Manufacturing (17,777 peers)
- -7.5%
- assets change YoY
- 3.2×
- vs typical plan assets (national mean)
The plan reported a net loss of $25M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Volvo Group North America Retirement Plan's outsized position by total assets
Volvo Group North America Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$314,158,670 Top 4% higher than 96% 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
Volvo Group North America Retirement Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Volvo Group North America Retirement Plan lands in the large band (3,512 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Volvo Group North America Retirement Plan reported net income fell from $2M in the plan year 2023 filing to -$25M in the plan year 2024 filing.
- Volvo Group North America Retirement Plan end-of-year assets fell from $340M in the plan year 2023 filing to $314M in the plan year 2024 filing.
- Volvo Group North America Retirement Plan reported participants fell from 3,735 in the plan year 2023 filing to 3,512 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 582431188 · Volvo Group North America LLC PY 2024 · Defined Benefit (Pension)
Volvo Group North America Retirement Plan · $314M · 3,512 · 96th
- VS-ST $314M
- VS-ST 3,512
- VS-ST 96th
- VS-ST Defined Benefit (Pension)
- VS-ST near Wec Energy Group Retirement Plan for Pgl and Nsg
- VS-ST ind #16642
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 North Carolina →
Volvo Group North America Retirement Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $340M |
|---|---|
| Net Assets (End of Year) | $314M |
| Net Income | -$25M |
| Employer EIN | 582431188 |
| Plan Effective Date | 1981-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Volvo Group North America LLC)
Sponsor-wide plan assets over time
All Volvo Group North America LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.2B 26.43246042441232% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 15,485 | $1.8B |
| 2023 | 5 | 13,628 | $2.0B |
| 2024 | 5 | 13,266 | $2.2B |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Honeywell Retirement Earnings Plan $16.6B · 9,923
- Truist Financial Corporation Pension Plan $14.7B · 38,548
- Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Volvo Group North America Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Wec Energy Group Retirement Plan for Pgl and Nsg in WI ($314M); by covered participants it is International Union of Operating Engineers Local 4 Pension Fund in MA (3,509 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($314M here).
Similar participant headcount
Nearest other-state filings by covered participants (3,512 participants); asset peers above are excluded.
- International Union of Operating Engineers Local 4 Pension Fund (MA) 3,509 · 3 off
- Constellation Employee Pension Plan (PA) 3,518 · 6 off
- Teco Energy Group Retirement Plan (FL) 3,519 · 7 off
- Ibt Consolidated Pension Plan (WA) 3,491 · 21 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.