Defined Benefit (Pension) · DOL Form 5500 · 2024
Covestro LLC Pension Plan
Data updated 2026-08-11
- $206M
- Total assets
- 588
- Participants
- 94th
- Percentile by assets
- $349,720
- Avg per participant
Official DOL plan name: Covestro LLC Pension Plan · Sponsored by Covestro LLC · Pennsylvania · Manufacturing
$206M in assets, 588 participants
Covestro LLC's Covestro LLC Pension Plan reported $206M in total assets and 588 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 123,622 plans)
- #16,254 in Manufacturing (17,777 peers)
Where Covestro LLC Pension Plan sits by assets
Covestro LLC Pension Plan sits in the top 10% of all filed plans by assets, $206M for 588 participants (~$349,720/participant), down 11.9% in 2024.
- $206M
- total plan assets (2024 EOY)
- 588
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $349,720
- avg assets per participant
The plan reported a net loss of $28M 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
- Covestro LLC Pension Plan reported net income fell from -$12M in the plan year 2023 filing to -$28M in the plan year 2024 filing.
- Covestro LLC Pension Plan end-of-year assets fell from $233M in the plan year 2023 filing to $206M in the plan year 2024 filing.
- Covestro LLC Pension Plan reported participants fell from 637 in the plan year 2023 filing to 588 in the plan year 2024 filing.
Covestro LLC Pension Plan vs the 2024 asset distribution
By assets, Covestro LLC Pension Plan outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $233M |
|---|---|
| Net Assets (End of Year) | $206M |
| Net Income | -$28M |
| Employer EIN | 061653740 |
| Plan Effective Date | 2015-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Covestro LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,496 | $1.5B |
| 2023 | 2 | 3,262 | $1.7B |
| 2024 | 2 | 3,149 | $1.8B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Covestro LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $12.2B · 28,308
- Steelworkers Pension Trust $7.2B · 46,110
- The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Covestro LLC Pension Plan by total assets, not by location.
- Alaska United Food and Commercial Workers Pension Trust (OR) $206M · 1,622
- Plan for Retirement Allowances for Non Represented Employees (NJ) $206M · 173
- Dynegy Pension Plan (TX) $206M · 853
- News Corp Pension Plan (NY) $206M · 182
Frequently Asked Questions
How did Covestro LLC Pension Plan assets move in 2024? ▼
How have Covestro LLC plan assets changed over time? ▼
Where does Covestro LLC Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Covestro LLC Pension Plan? ▼
Next read for Covestro LLC Pension Plan
Scale reading
Ways to act on Covestro LLC Pension Plan's numbers.
- By total assets, Covestro LLC 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 Pennsylvania. Compare plans
- Covestro LLC's sponsor-wide assets have grown 15.8% since 2022 across 3 plan years on file. More Manufacturing plans