Defined Benefit (Pension) · DOL Form 5500 · 2024

Skf USA Inc. Pension Plan

Data updated 2026-08-25

$614M
Total assets Above avg plan size
970
Participants Near avg headcount
98th
Percentile by assets National rank
$632,502
Avg per participant High balance/head
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Official DOL plan name: Pension Plan for Employees of Skf USA Inc. · Sponsored by Skf USA Inc. · Pennsylvania · Manufacturing

$614M in assets, 970 participants

Skf USA Inc.'s Pension Plan for Employees of Skf USA Inc. reported $614M in total assets and 970 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • #17,100 in Manufacturing (17,777 peers)

Where Pension Plan for Employees of Skf USA Inc. sits by assets

Pension Plan for Employees of Skf USA Inc. sits in the top 5% of all filed plans by assets, $614M for 970 participants (~$632,502/participant), down 7.0% in 2024.

#17,100
in Manufacturing (17,777 peers)
-7.0%
assets change YoY
6.2×
vs typical plan assets (national mean)

The plan reported a net loss of $46M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Pension Plan for Employees of Skf USA Inc.'s outsized position by total assets

Pension Plan for Employees of Skf USA Inc. vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$613,527,378 Top 2% higher than 98% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Pension Plan for Employees of Skf USA Inc. 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. Pension Plan for Employees of Skf USA Inc. sits mid-pack in the medium band (970 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Pension Plan for Employees of Skf USA Inc. reported net income fell from -$20M in the plan year 2023 filing to -$46M in the plan year 2024 filing.
  • Pension Plan for Employees of Skf USA Inc. reported participants fell from 1,068 in the plan year 2023 filing to 970 in the plan year 2024 filing.
  • Pension Plan for Employees of Skf USA Inc. end-of-year assets fell from $660M in the plan year 2023 filing to $614M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 231043740 · Skf USA Inc. PY 2024 · Defined Benefit (Pension)

Pension Plan for Employees of Skf USA Inc. · $614M · 970 · 98th

  • 5500 $614M
  • 5500 970
  • 5500 98th
  • 5500 Defined Benefit (Pension)
  • 5500 near Nurses and Local 813 Ibt Retirement Plan
  • 5500 ind #17100

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 Pennsylvania →

Pension Plan for Employees of Skf USA Inc. in the asset neighbourhood

Retirement Plan for Employees of the Avista CorporationRetirement Plan for Employee…$614MPension Plan for Employees of Skf USA Inc.Pension Plan for Employees o…$614MNurses and Local 813 Ibt Retirement PlanNurses and Local 813 Ibt Ret…$613MPension Plan for Employees of Dartmouth-HitchcockPension Plan for Employees o…$609MThe Legacy Plan of the Unite Here Retirement FundThe Legacy Plan of the Unite…$609M
End-of-year total assets ($M) among Pension Plan for Employees of Skf USA Inc. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$660M
Net Assets (End of Year)$614M
Net Income-$46M
Employer EIN231043740
Plan Effective Date1950-12-10
Filing StatusFILING RECEIVED

Sponsor Plan History (Skf USA Inc.)

Sponsor-wide plan assets over time

All Skf USA Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 5.7424656497313835% vs 2022
2024 filing year
$1.4B$1.45B$1.5B$1.55B 202220232024 $1.43B $1.51B ▲ +5.6%
Year Plans Participants Total Assets
2022 3 4,854 $1.4B
2023 3 4,701 $1.5B
2024 3 4,429 $1.5B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Pension Plan for Employees of Skf USA Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Pension Plan for Employees of Skf USA Inc., Total assets ($B): 0.613527378 · Participants: 970Pension Plan for Employees of Skf USA Inc.National Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
Pension Plan for Employees of Skf USA Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Pension Plan for Employees of Skf USA Inc. side-by-side with 3 peers →

Pension Plan for Employees of Skf USA Inc.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Nurses and Local 813 Ibt Retirement Plan in NY ($613M); by covered participants it is Sparrow Health System Associate Pension Plan in MI (970 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (970 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.

Frequently Asked Questions

How did Pension Plan for Employees of Skf USA Inc. assets move in 2024? ▼
Pension Plan for Employees of Skf USA Inc. pulled back noticeably - down 7.0% during 2024, from $660M to $614M. Reported net income was -$46M.
How have Skf USA Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Skf USA Inc.'s sponsor-wide assets grew 5.7%, from $1.4B to $1.5B.
Where does Pension Plan for Employees of Skf USA Inc. rank by assets among Form 5500 filers? ▼
Pension Plan for Employees of Skf USA Inc. ranks in the 98th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Pension Plan for Employees of Skf USA Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Nurses and Local 813 Ibt Retirement Plan in NY ($613M, 2,716 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Employees of Skf USA Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Sparrow Health System Associate Pension Plan in MI (970 participants, $431M in assets).

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 231043740.

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.