Defined Benefit (Pension) · DOL Form 5500 · 2024
Trane U.S. Inc. Pension Plan
Data updated 2026-07-24
- $726M
- Total assets
- 1,100
- Participants
- 98th
- Percentile by assets
- $660,222
- Avg per participant
Official DOL plan name: The Trane Merged Hourly Pension Plan · Sponsored by Trane U.S. Inc. · North Carolina · Manufacturing
$726M in assets, 1,100 participants
Trane U.S. Inc.'s The Trane Merged Hourly Pension Plan reported $726M in total assets and 1,100 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)
Where The Trane Merged Hourly Pension Plan sits by assets
The Trane Merged Hourly Pension Plan sits in the top 5% of all filed plans by assets, $726M for 1,100 participants (~$660,222/participant), down 6.3% in 2024.
- $726M
- total plan assets (2024 EOY)
- 1,100
- covered participants
- 98th
- percentile by assets (of 116,472 plans)
- $660,222
- avg assets per participant
The plan reported a net loss of $49M 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
- The Trane Merged Hourly Pension Plan reported net income fell from $17M in the plan year 2023 filing to -$49M in the plan year 2024 filing.
- The Trane Merged Hourly Pension Plan reported participants fell from 1,183 in the plan year 2023 filing to 1,100 in the plan year 2024 filing.
- The Trane Merged Hourly Pension Plan end-of-year assets fell from $775M in the plan year 2023 filing to $726M in the plan year 2024 filing.
The Trane Merged Hourly Pension Plan vs the 2024 asset distribution
By assets, The Trane Merged Hourly Pension Plan outranks 98% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 7.3x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $775M |
|---|---|
| Net Assets (End of Year) | $726M |
| Net Income | -$49M |
| Employer EIN | 250900465 |
| Plan Effective Date | 1956-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trane U.S. Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 8,212 | $950M |
| 2023 | 4 | 7,821 | $1.0B |
| 2024 | 4 | 7,468 | $989M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Trane Merged Hourly Pension Plan 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Trane Merged Hourly Pension Plan by total assets, not by location.
- One Gas, Inc. Retirement Plan (OK) $726M · 670
- National Basketball Association Players' Pension Plan (IN) $725M · 520
- Ohio Farmers Insurance Company Pension Plan (OH) $728M · 2,247
- Iron Workers Locals 40, 361 & 417 Pension Fund (NY) $729M · 1,891
Frequently Asked Questions
How did The Trane Merged Hourly Pension Plan assets move in 2024? ▼
How have Trane U.S. Inc. plan assets changed over time? ▼
Where does The Trane Merged Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to The Trane Merged Hourly Pension Plan? ▼
Next read for The Trane Merged Hourly Pension Plan
Scale reading
Ways to act on The Trane Merged Hourly Pension Plan's numbers.
- By total assets, The Trane Merged Hourly Pension Plan 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 U.S. Inc.'s sponsor-wide assets have grown 4.1% 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 250900465.
Read our methodology - how this data is sourced, computed, and verified.