Defined Benefit (Pension) · DOL Form 5500 · 2024

Nidec Minster Corporation Pension Plan

Data updated 2026-08-11

$53M
Total assets
65
Participants
85th
Percentile by assets
$811,782
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Nidec Minster Corporation Consolidated Pension Trust · Sponsored by Nidec Minster Corporation · Ohio · Manufacturing

$53M in assets, 65 participants

Nidec Minster Corporation's Nidec Minster Corporation Consolidated Pension Trust reported $53M in total assets and 65 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • 85th percentile by assets (of 123,622 plans)
  • #13,906 in Manufacturing (17,777 peers)

Where Nidec Minster Corporation Consolidated Pension Trust sits by assets

Nidec Minster Corporation Consolidated Pension Trust sits in the top quartile of all filed plans by assets, $53M for 65 participants (~$811,782/participant), down 17.0% in 2024.

$53M
total plan assets (2024 EOY)
65
covered participants
85th
percentile by assets (of 123,622 plans)
$811,782
avg assets per participant

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Nidec Minster Corporation Consolidated Pension Trust sits by total assets

Nidec Minster Corporation Consolidated Pension Trust vs every filed plan by assets

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

$52,765,852 Top 15% higher than 85% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nidec Minster Corporation Consolidated Pension Trust reported net income fell from -$2M in the plan year 2023 filing to -$11M in the plan year 2024 filing.
  • Nidec Minster Corporation Consolidated Pension Trust reported participants fell from 79 in the plan year 2023 filing to 65 in the plan year 2024 filing.
  • Nidec Minster Corporation Consolidated Pension Trust end-of-year assets fell from $64M in the plan year 2023 filing to $53M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Ohio
Industry
Manufacturing

Nidec Minster Corporation Consolidated Pension Trust vs the 2024 asset distribution

By assets, Nidec Minster Corporation Consolidated Pension Trust outranks 85% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$53M
Net Income-$11M
Employer EIN344306440
Plan Effective Date1962-09-24
Filing StatusFILING RECEIVED

Sponsor Plan History (Nidec Minster Corporation)

$50M$55M$60M$65M$70M 202220232024 $65.5M $52.8M ▼ -19.5%
Total plan assets by year, all Nidec Minster Corporation plans on file
Year Plans Participants Total Assets
2022 1 92 $66M
2023 1 79 $64M
2024 1 65 $53M

Nearby Defined Benefit (Pension) Plans in Ohio

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

Nidec Minster Corporation Consolidated Pension Trust vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -505101520 Total assets ($B) Participants Nidec Minster Corpor…, Total assets ($B): 0.052765852 · Participants: 65Nidec Minster Corpor…GE Aerospace Pension…, Total assets ($B): 19.026079363 · Participants: 9637GE Aerospace Pension…Firstenergy Corp. Ma…, Total assets ($B): 6.474467697 · Participants: 12187Firstenergy Corp. Ma…American Electric Po…, Total assets ($B): 4.085797504 · Participants: 16073American Electric Po…Ohio Operating Engin…, Total assets ($B): 3.912834719 · Participants: 10387Ohio Operating Engin…Parker Defined Benef…, Total assets ($B): 3.496388263 · Participants: 8120Parker Defined Benef…
Nidec Minster Corporation Consolidated Pension Trust vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Nidec Minster Corporation Consolidated P… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Nidec Minster Corporation Consolidated Pension Trust by total assets, not by location.

Frequently Asked Questions

How did Nidec Minster Corporation Consolidated Pension Trust assets move in 2024? ▼
Nidec Minster Corporation Consolidated Pension Trust declined sharply - down 17.0% during 2024, from $64M to $53M. Reported net income was -$11M.
How have Nidec Minster Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nidec Minster Corporation's sponsor-wide assets declined 19.5%, from $66M to $53M.
Where does Nidec Minster Corporation Consolidated Pension Trust rank by assets among Form 5500 filers? ▼
Nidec Minster Corporation Consolidated Pension Trust ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Nidec Minster Corporation Consolidated Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is I.B.E.W. Local 139 Pension Plan in NY ($53M, 215 participants).

Next read for Nidec Minster Corporation Consolidated P…

Scale reading

Ways to act on Nidec Minster Corporation Consolidated Pension Trust's numbers.

  • By total assets, Nidec Minster Corporation Consolidated Pension Trust ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Ohio. Compare plans
  • Nidec Minster Corporation's sponsor-wide assets have declined 19.5% since 2022 across 3 plan years on file. More Manufacturing plans

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 344306440.

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.