Defined Benefit (Pension) · DOL Form 5500 · 2024

Advanced Suspension Technology LLC Pension Plan

Data updated 2026-08-25

$121M
Total assets Near avg plan size
473
Participants Below avg headcount
92nd
Percentile by assets National rank
$255,854
Avg per participant Above avg balance/head
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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.

  • #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.

#889
in Management of Enterprises (1,133 peers)
-37.6%
assets change YoY
1.2×
vs typical plan assets (national mean)

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.

Driv Employees Retirement Plan's outsized position by total assets

Driv Employees Retirement Plan vs every filed plan by assets

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

$121,018,824 Top 8% higher than 92% 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

Driv Employees Retirement 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. Driv Employees Retirement Plan sits mid-pack in the medium band (473 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 834117479 · Advanced Suspension Technology LLC PY 2024 · Defined Benefit (Pension)

Driv Employees Retirement Plan · $121M · 473 · 92nd

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  • BOOK near Kraton Polymers US, LLC Pension Plan
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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 Management of Enterprises retirement plans → · Plans in Michigan →

Driv Employees Retirement Plan in the asset neighbourhood

Producers Rice Mill, Inc. Pension PlanProducers Rice Mill, Inc. Pe…$121MCanadian Pacific Pension Plan for U.S. Management EmployeesCanadian Pacific Pension Pla…$121MKraton Polymers US, LLC Pension PlanKraton Polymers US, LLC Pens…$121MDriv Employees Retirement PlanDriv Employees Retirement Pl…$121MThe Burger King Retirement PlanThe Burger King Retirement P…$121M
End-of-year total assets ($M) among Driv Employees Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$194M
Net Assets (End of Year)$121M
Net Income-$73M
Employer EIN834117479
Plan Effective Date1999-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Advanced Suspension Technology LLC)

Sponsor-wide plan assets over time

All Advanced Suspension Technology LLC plans reported in each filing year

Latest sponsor-wide plan assets
$121M 31.435204684134888% vs 2022
2024 filing year
$100M$150M$200M$250M 202220232024 $177M $121M ▼ -31.4%
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 Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Driv Employees Retirement Plan, Total assets ($B): 0.121018824 · Participants: 473Driv Employees Retirement PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 42.453822995 · Participants: 15648General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 17.842898898 · Participants: 25742Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.116125366 · Participants: 8585Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 10.930410978 · Participants: 6888Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 10.255300049 · Participants: 12752Fca US LLC UAW Pension Agreement
Driv Employees Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Driv Employees Retirement Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Kraton Polymers US, LLC Pension Plan in TX ($121M); by covered participants it is A&e Television Networks, LLC. Retirement Plan in NY (473 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($121M here).

Similar participant headcount

Nearest other-state filings by covered participants (473 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 Driv Employees Retirement Plan assets move in 2024? ▼
Driv Employees Retirement Plan contracted severely - down 37.6% during 2024, from $194M to $121M. Reported net income was -$73M.
How have Advanced Suspension Technology LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Advanced Suspension Technology LLC's sponsor-wide assets declined 31.4%, from $177M to $121M.
Where does Driv Employees Retirement Plan rank by assets among Form 5500 filers? ▼
Driv Employees Retirement Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Driv Employees Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Kraton Polymers US, LLC Pension Plan in TX ($121M, 108 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Driv Employees Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is A&e Television Networks, LLC. Retirement Plan in NY (473 participants, $341M 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 834117479.

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.