Defined Benefit (Pension) · DOL Form 5500 · 2024
Advanced Suspension Technology LLC Pension Plan
Data updated 2026-08-11
- $121M
- Total assets
- 473
- Participants
- 92nd
- Percentile by assets
- $255,854
- Avg per participant
Official DOL plan name: Driv Employees Retirement Plan · Sponsored by Advanced Suspension Technology LLC · Michigan · Management of Enterprises
$121M in assets, 473 participants
Advanced Suspension Technology LLC's Driv Employees Retirement Plan reported $121M in total assets and 473 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 123,622 plans)
- #889 in Management of Enterprises (1,133 peers)
Where Driv Employees Retirement Plan sits by assets
Driv Employees Retirement Plan sits in the top 10% of all filed plans by assets, $121M for 473 participants (~$255,854/participant), down 37.6% in 2024.
- $121M
- total plan assets (2024 EOY)
- 473
- covered participants
- 92nd
- percentile by assets (of 123,622 plans)
- $255,854
- avg assets per participant
The plan reported a net loss of $73M 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
- Driv Employees Retirement Plan reported net income fell from $18M in the plan year 2023 filing to -$73M in the plan year 2024 filing.
- Driv Employees Retirement Plan end-of-year assets fell from $194M in the plan year 2023 filing to $121M in the plan year 2024 filing.
- Driv Employees Retirement Plan reported participants fell from 544 in the plan year 2023 filing to 473 in the plan year 2024 filing.
Driv Employees Retirement Plan vs the 2024 asset distribution
By assets, Driv Employees Retirement Plan outranks 92% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $194M |
|---|---|
| Net Assets (End of Year) | $121M |
| Net Income | -$73M |
| Employer EIN | 834117479 |
| Plan Effective Date | 1999-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Advanced Suspension Technology LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 12,032 | $177M |
| 2023 | 1 | 544 | $194M |
| 2024 | 1 | 473 | $121M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Driv Employees Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Driv Employees Retirement Plan by total assets, not by location.
- Kraton Polymers US, LLC Pension Plan (TX) $121M · 108
- Canadian Pacific Pension Plan for U.S. Management Employees (MN) $121M · 97
- Producers Rice Mill, Inc. Pension Plan (AR) $121M · 280
- The Burger King Retirement Plan (FL) $121M · 40
Frequently Asked Questions
How did Driv Employees Retirement Plan assets move in 2024? ▼
How have Advanced Suspension Technology LLC plan assets changed over time? ▼
Where does Driv Employees Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Driv Employees Retirement Plan? ▼
Next read for Driv Employees Retirement Plan
Scale reading
Ways to act on Driv Employees Retirement Plan's numbers.
- By total assets, Driv Employees Retirement 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 Michigan. Compare plans
- Advanced Suspension Technology LLC's sponsor-wide assets have declined 31.4% since 2022 across 3 plan years on file. More Management of Enterprises plans