Money Purchase · DOL Form 5500 · 2024
Pax Machine Works, Inc. Money Purchase Plan
Data updated 2026-08-11
- $28M
- Total assets
- 188
- Participants
- 76th
- Percentile by assets
- $149,380
- Avg per participant
Official DOL plan name: Pax Machine Works, Inc. Pension Plan & Trust · Sponsored by Pax Machine Works, Inc. · Ohio · Manufacturing
$28M in assets, 188 participants
Pax Machine Works, Inc.'s Pax Machine Works, Inc. Pension Plan & Trust reported $28M in total assets and 188 participants in its 2024 DOL Form 5500 filing, ranking in the 76th 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.
- 76th percentile by assets (of 123,622 plans)
- #11,976 in Manufacturing (17,777 peers)
Coverage in Ohio
Pax Machine Works, Inc. Pension Plan & Trust covers 188 participants in Ohio, about 25% of the average Ohio filer (state average ~765 per filing). Assets: $28M.
- $28M
- total plan assets (2024 EOY)
- 188
- covered participants
- 76th
- percentile by assets (of 123,622 plans)
- $149,380
- avg assets per participant
The plan reported a net loss of $983K 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
- Pax Machine Works, Inc. Pension Plan & Trust reported net income fell from $3M in the plan year 2023 filing to -$983K in the plan year 2024 filing.
- Pax Machine Works, Inc. Pension Plan & Trust reported participants fell from 203 in the plan year 2023 filing to 188 in the plan year 2024 filing.
- Pax Machine Works, Inc. Pension Plan & Trust end-of-year assets fell from $29M in the plan year 2023 filing to $28M in the plan year 2024 filing.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. Pax Machine Works, Inc. Pension Plan & Trust reports 188 participants - about 25% of that state average ($28M EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $29M |
|---|---|
| Net Assets (End of Year) | $28M |
| Net Income | -$983K |
| Employer EIN | 340895186 |
| Plan Effective Date | 1973-08-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Pax Machine Works, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 407 | $51M |
| 2023 | 2 | 402 | $58M |
| 2024 | 2 | 387 | $58M |
Nearby Money Purchase Plans in Ohio
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Pax Machine Works, Inc. Pension Plan & Trust vs. nearby Money Purchase plans in Ohio, assets vs. participants
- The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan $1.7B · 47,538
- The Cleveland Clinic Foundation Cash Balance Plan $1.6B · 4,957
- Iron Workers District Council of So Oh & Vicinity Annuity Trust $533M · 7,205
- University of Dayton Defined Contribution Retirement Plan $382M · 3,130
- Northwestern Ohio Plumbers and Pipefitters Retirement and Trust $376M · 2,118
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Pax Machine Works, Inc. Pension Plan & Trust by total assets, not by location.
- Doctors Council Annuity Fund 2 (NY) $28M · 90
- Local 670 Annuity Fund (NY) $28M · 1,341
- Critical Care & Pulmonary Consultants, PC, Money Purchase Pension Plan (CO) $28M · 120
- Semmes, Bowen & Semmes Pension Plan (MD) $28M · 127
Frequently Asked Questions
How did Pax Machine Works, Inc. Pension Plan & Trust assets move in 2024? ▼
How have Pax Machine Works, Inc. plan assets changed over time? ▼
Where does Pax Machine Works, Inc. Pension Plan & Trust rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Pax Machine Works, Inc. Pension Plan & Trust? ▼
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Filing takeaways
Ways to act on Pax Machine Works, Inc. Pension Plan & Trust's numbers.
- By total assets, Pax Machine Works, Inc. Pension Plan & Trust ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Ohio. Compare plans
- Pax Machine Works, Inc.'s sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Manufacturing plans