Defined Benefit (Pension) · DOL Form 5500 · 2024

Trane Technologies Company LLC Pension Plan

Data updated 2026-08-06

$777M
Total assets: 4,934
Participants: 98th
Percentile by assets: $157,415
Avg per participant

Official DOL plan name: Trane Technologies Pension Plan Number One B · Sponsored by Trane Technologies Company LLC · North Carolina · Manufacturing

$777M in assets, 4,934 participants

Trane Technologies Company LLC's Trane Technologies Pension Plan Number One B reported $777M in total assets and 4,934 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.

98th percentile by assets (of 116,472 plans)
#16,340 in Manufacturing (16,886 peers)

Coverage in North Carolina

Trane Technologies Pension Plan Number One B covers 4,934 participants in North Carolina, 5.8x the typical North Carolina plan (state average ~846 per filing). Assets: $777M.

$777M
total plan assets (2024 EOY): 4,934
covered participants: 98th
percentile by assets (of 116,472 plans): $157,415
avg assets per participant

The plan reported a net loss of $65M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Trane Technologies Pension Plan Number One B reported net income fell from $11M in the plan year 2023 filing to -$65M in the plan year 2024 filing.
Trane Technologies Pension Plan Number One B reported participants fell from 5,332 in the plan year 2023 filing to 4,934 in the plan year 2024 filing.
Trane Technologies Pension Plan Number One B end-of-year assets fell from $816M in the plan year 2023 filing to $777M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. Trane Technologies Pension Plan Number One B reports 4,934 participants - 5.8x that state average ($777M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$816M
Net Assets (End of Year)	$776M
Net Income	-$65M
Employer EIN	135156640
Plan Effective Date	2023-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trane Technologies Company LLC)

Total plan assets by year, all Trane Technologies Company LLC plans on file

Year	Plans	Participants	Total Assets
2022	3	23,021	$5.8B
2023	4	23,747	$7.0B
2024	4	24,880	$8.3B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Trane Technologies Pension Plan Number One B vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants

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
The Hearst Corporation Retirement Plan $2.4B · 1,745
Duke Energy Legacy Pension Plan $2.4B · 300

Compare Trane Technologies Pension Plan Number O… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Trane Technologies Pension Plan Number One B by total assets, not by location.

Pavers & Road Builders DC Pension Fund (NY) $776M · 1,998
Washington Gas Light Company Employees' Pension Plan (DC) $779M · 542
Ufcw Union Local No. 655, Food Employer's Joint Pe (MO) $780M · 6,550
Retirement Income Plan of Central Hudson Gas & Electric Corp. (NY) $780M · 284

Frequently Asked Questions

How did Trane Technologies Pension Plan Number One B assets move in 2024? ▼

Trane Technologies Pension Plan Number One B edged down modestly - down 4.8% during 2024, from $816M to $777M. Reported net income was -$65M.

How have Trane Technologies Company LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trane Technologies Company LLC's sponsor-wide assets grew 42.8%, from $5.8B to $8.3B.

Where does Trane Technologies Pension Plan Number One B rank by assets among Form 5500 filers? ▼

Trane Technologies Pension Plan Number One B ranks in the 98th percentile by end-of-year assets among 116,472 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 Trane Technologies Pension Plan Number One B? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Pavers & Road Builders DC Pension Fund in NY ($776M, 1,998 participants).

Next read for Trane Technologies Pension Plan Number O…

Filing takeaways

Ways to act on Trane Technologies Pension Plan Number One B's numbers.

By total assets, Trane Technologies Pension Plan Number One B ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
Trane Technologies Company LLC's sponsor-wide assets have grown 42.8% since 2022 across 3 plan years on file. More Manufacturing plans

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 135156640.