Defined Benefit (Pension) · DOL Form 5500 · 2024

Sandvik, Inc. Pension Plan

Data updated 2026-08-25

$589M
Total assets Above avg plan size
403
Participants Below avg headcount
97th
Percentile by assets National rank
$1.5M
Avg per participant High balance/head
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Official DOL plan name: Sandvik Pension Plan · Sponsored by Sandvik, Inc. · North Carolina · Manufacturing

$589M in assets, 403 participants

Sandvik, Inc.'s Sandvik Pension Plan reported $589M in total assets and 403 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,076 in Manufacturing (17,777 peers)

Coverage in North Carolina

Sandvik Pension Plan covers 403 participants in North Carolina, about 49% of the average North Carolina filer (state average ~819 per filing). Assets: $589M.

#17,076
in Manufacturing (17,777 peers)
-4.8%
assets change YoY
5.9×
vs typical plan assets (national mean)

The plan reported a net loss of $30M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sandvik Pension Plan's outsized position by total assets

Sandvik Pension Plan vs every filed plan by assets

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

$588,842,203 Top 3% higher than 97% 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

Sandvik Pension Plan 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. Sandvik Pension Plan sits mid-pack in the medium band (403 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sandvik Pension Plan reported net income fell from $4M in the plan year 2023 filing to -$30M in the plan year 2024 filing.
  • Sandvik Pension Plan reported participants fell from 431 in the plan year 2023 filing to 403 in the plan year 2024 filing.
  • Sandvik Pension Plan end-of-year assets fell from $618M in the plan year 2023 filing to $589M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 221717737 · Sandvik, Inc. PY 2024 · Defined Benefit (Pension)

Sandvik Pension Plan · $589M · 403 · 97th

  • EOY $589M
  • EOY 403
  • EOY 97th
  • EOY Defined Benefit (Pension)
  • EOY near The Brink's Company Frozen Pension Plan
  • EOY ind #17076

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 North Carolina →

Sandvik Pension Plan in the asset neighbourhood

Construction Workers Pension Trust Fund - Lake County and Vicinity Pension PlanConstruction Workers Pension…$591MTrustage Pension Plan for Non-Represented EmployeesTrustage Pension Plan for No…$591MGlobe Life Inc. Pension Plan$591MSandvik Pension Plan$589MThe Brink's Company Frozen Pension PlanThe Brink's Company Frozen P…$588M
End-of-year total assets ($M) among Sandvik Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$618M
Net Assets (End of Year)$589M
Net Income-$30M
Employer EIN221717737
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sandvik, Inc.)

Sponsor-wide plan assets over time

All Sandvik, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 11.038655328974231% vs 2022
2024 filing year
$1.1B$1.15B$1.2B$1.25B$1.3B 202220232024 $1.15B $1.28B ▲ +11.3%
Year Plans Participants Total Assets
2022 2 3,052 $1.2B
2023 2 3,008 $1.2B
2024 2 3,101 $1.3B

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Sandvik Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Sandvik Pension Plan, Total assets ($B): 0.588842203 · Participants: 403Sandvik Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Sandvik Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Sandvik Pension Plan side-by-side with 3 peers →

Sandvik Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is The Brink's Company Frozen Pension Plan in VA ($588M); by covered participants it is Laborers Local 785 Pension Plan in NY (403 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (403 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 Sandvik Pension Plan assets move in 2024? ▼
Sandvik Pension Plan edged down modestly - down 4.8% during 2024, from $618M to $589M. Reported net income was -$30M.
How have Sandvik, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sandvik, Inc.'s sponsor-wide assets grew 11.0%, from $1.2B to $1.3B.
Where does Sandvik Pension Plan rank by assets among Form 5500 filers? ▼
Sandvik Pension Plan ranks in the 97th 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 Sandvik Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Brink's Company Frozen Pension Plan in VA ($588M, 968 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sandvik Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Laborers Local 785 Pension Plan in NY (403 participants, $118M 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 221717737.

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.