Defined Benefit (Pension) · DOL Form 5500 · 2024
Schaeffler Group USA Inc. Pension Plan
Data updated 2026-08-11
- $147M
- Total assets
- 568
- Participants
- 93rd
- Percentile by assets
- $259,634
- Avg per participant
Official DOL plan name: Schaeffler Group USA Inc. Pension Plan · Sponsored by Schaeffler Group USA Inc. · South Carolina · Manufacturing
$147M in assets, 568 participants
Schaeffler Group USA Inc.'s Schaeffler Group USA Inc. Pension Plan reported $147M in total assets and 568 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #15,860 in Manufacturing (17,777 peers)
Where Schaeffler Group USA Inc. Pension Plan sits by assets
Schaeffler Group USA Inc. Pension Plan sits in the top 10% of all filed plans by assets, $147M for 568 participants (~$259,634/participant), down 18.6% in 2024.
- $147M
- total plan assets (2024 EOY)
- 568
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $259,634
- avg assets per participant
The plan reported a net loss of $34M 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 2022 → plan year 2024
- Schaeffler Group USA Inc. Pension Plan reported net income fell from -$12M in the plan year 2022 filing to -$34M in the plan year 2024 filing.
- Schaeffler Group USA Inc. Pension Plan reported participants fell from 690 in the plan year 2022 filing to 568 in the plan year 2024 filing.
- Schaeffler Group USA Inc. Pension Plan end-of-year assets fell from $171M in the plan year 2022 filing to $147M in the plan year 2024 filing.
Schaeffler Group USA Inc. Pension Plan vs the 2024 asset distribution
By assets, Schaeffler Group USA Inc. Pension Plan outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $181M |
|---|---|
| Net Assets (End of Year) | $147M |
| Net Income | -$34M |
| Employer EIN | 570517596 |
| Plan Effective Date | 1972-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Schaeffler Group USA Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,627 | $771M |
| 2023 | 1 | 4,857 | $716M |
| 2024 | 2 | 5,505 | $948M |
Nearby Defined Benefit (Pension) Plans in South Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Schaeffler Group USA Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in South Carolina, assets vs. participants
- The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan $3.7B · 1,749
- Non-Contributory Retirement Program for Certain Empl of Bcbssc $1.2B · 4,087
- Waterfront Employers - Ila Pension Plan $520M · 1,343
- Kennametal Inc. Retirement Income Plan $511M · 495
- Legacy Ghs/Tuomey Pension Plan $428M · 2,307
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Schaeffler Group USA Inc. Pension Plan by total assets, not by location.
- Major League Baseball Pension Plan for Non-Uniformed Personnel (PA) $147M · 527
- Pension Plan for Employees of Southco, Inc. (PA) $148M · 192
- International Brotherhood of Boilermakers Officers and Employees' Pension Plan (MO) $148M · 202
- Iubac - Local Union Officers & Employees Pension Plan (DC) $147M · 327
Frequently Asked Questions
How did Schaeffler Group USA Inc. Pension Plan assets move in 2024? ▼
How have Schaeffler Group USA Inc. plan assets changed over time? ▼
Where does Schaeffler Group USA Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Schaeffler Group USA Inc. Pension Plan? ▼
Next read for Schaeffler Group USA Inc. Pension Plan
Scale reading
Ways to act on Schaeffler Group USA Inc. Pension Plan's numbers.
- By total assets, Schaeffler Group USA Inc. Pension 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 South Carolina. Compare plans
- Schaeffler Group USA Inc.'s sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Manufacturing plans