Defined Benefit (Pension) · DOL Form 5500 · 2024
Sandvik, Inc. Pension Plan
Data updated 2026-08-11
- $589M
- Total assets
- 403
- Participants
- 97th
- Percentile by assets
- $1.5M
- Avg per participant
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.
- 97th percentile by assets (of 123,622 plans)
- #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.
- $589M
- total plan assets (2024 EOY)
- 403
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $1.5M
- avg assets per participant
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.
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sandvik Pension Plan reports 403 participants - about 49% of that state average ($589M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $618M |
|---|---|
| Net Assets (End of Year) | $589M |
| Net Income | -$30M |
| Employer EIN | 221717737 |
| Plan Effective Date | 1980-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sandvik, Inc.)
| 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
- 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
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sandvik Pension Plan by total assets, not by location.
- The Brink's Company Frozen Pension Plan (VA) $588M · 968
- Globe Life Inc. Pension Plan (TX) $591M · 2,024
- Trustage Pension Plan for Non-Represented Employees (WI) $591M · 2,107
- Construction Workers Pension Trust Fund - Lake County and Vicinity Pension Plan (IN) $591M · 3,270
Frequently Asked Questions
How did Sandvik Pension Plan assets move in 2024? ▼
How have Sandvik, Inc. plan assets changed over time? ▼
Where does Sandvik Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Sandvik Pension Plan? ▼
Next read for Sandvik Pension Plan
Filing takeaways
Ways to act on Sandvik Pension Plan's numbers.
- By total assets, Sandvik 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
- Sandvik, Inc.'s sponsor-wide assets have grown 11.0% since 2022 across 3 plan years on file. More Manufacturing plans