Defined Benefit (Pension) · DOL Form 5500 · 2024
Garrett Transportation I Inc. Pension Plan
Data updated 2026-08-11
- $164M
- Total assets
- 80
- Participants
- 93rd
- Percentile by assets
- $2.0M
- Avg per participant
Official DOL plan name: Garrett Transportation I Inc. Pension Plan · Sponsored by Garrett Transportation I Inc. · Michigan · Manufacturing
$164M in assets, 80 participants
Garrett Transportation I Inc.'s Garrett Transportation I Inc. Pension Plan reported $164M in total assets and 80 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 123,622 plans)
- #16,014 in Manufacturing (17,777 peers)
Where Garrett Transportation I Inc. Pension Plan sits by assets
Garrett Transportation I Inc. Pension Plan sits in the top 10% of all filed plans by assets, $164M for 80 participants (~$2.0M/participant), down 5.7% in 2024.
- $164M
- total plan assets (2024 EOY)
- 80
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $2.0M
- avg assets per participant
The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Garrett Transportation I Inc. Pension Plan reported net income fell from $4M in the plan year 2023 filing to -$10M in the plan year 2024 filing.
- Garrett Transportation I Inc. Pension Plan reported participants fell from 95 in the plan year 2023 filing to 80 in the plan year 2024 filing.
- Garrett Transportation I Inc. Pension Plan end-of-year assets fell from $173M in the plan year 2023 filing to $164M in the plan year 2024 filing.
Garrett Transportation I Inc. Pension Plan vs the 2024 asset distribution
By assets, Garrett Transportation I Inc. Pension Plan outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $173M |
|---|---|
| Net Assets (End of Year) | $164M |
| Net Income | -$10M |
| Employer EIN | 824723195 |
| Plan Effective Date | 2018-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Garrett Transportation I Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 317 | $186M |
| 2023 | 2 | 316 | $198M |
| 2024 | 2 | 305 | $195M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Garrett Transportation I Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Garrett Transportation I Inc. Pension Plan by total assets, not by location.
- U.a.P.P. Local Union No.142 Pension Plan (TX) $164M · 968
- Teamsters Local 469 Pension Plan (NJ) $164M · 63
- Marin General Hospital Retirement Plan (CA) $164M · 1,861
- Gate Gourmet, Inc. Defined Benefit Pension Plan (VA) $164M · 586
Frequently Asked Questions
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Next read for Garrett Transportation I Inc. Pension Pl…
Scale reading
Ways to act on Garrett Transportation I Inc. Pension Plan's numbers.
- By total assets, Garrett Transportation I Inc. Pension 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 Michigan. Compare plans
- Garrett Transportation I Inc.'s sponsor-wide assets have grown 4.6% since 2022 across 3 plan years on file. More Manufacturing plans