Employer · plans filed under one EIN
The Dow Chemical Company
Midland, MI · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
3 retirement plans with 100 or more participants file Form 5500 under The Dow Chemical Company's employer identification number (Midland, Michigan). Their latest filings total 74,471 participant records and $22.6B in net assets.
The largest is Dow Employees' Pension Plan, a cash balance pension plan with 31,955 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $219M and participant contributions $265M in the latest plan years; benefits paid were $1.88B. Schedule C compensation reported to service provider organisations totalled $20.5M.
Combined net assets moved from $13.7B in 2009 to $11.5B in 2025 (down 16%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Dow Employees' Pension Plan | cash balance pension plan | 2024 | 31,955 | $10.7B | $334,598 | — | $17.0M |
| The Dow Chemical Company Employees' Savings Plan | ESOP with a 401(k) feature | 2025 | 31,053 | $11.5B | $369,959 | $13,344 | $622K |
| Dow Employees' Pension Plan (Personal Pension Account) | cash balance pension plan | 2024 | 11,463 | $401M | $34,985 | — | $3.0M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 31,053 | $11.5B | $219M | $265M |
| 2024 | 3 | 76,468 | $21.8B | $229M | $266M |
| 2023 | 2 | 65,531 | $21.5B | $122M | $264M |
| 2022 | 2 | 82,722 | $22.2B | $95.1M | $251M |
| 2021 | 2 | 87,142 | $28.3B | $7.6M | $216M |
| 2020 | 2 | 88,749 | $26.9B | $458M | $215M |
| 2019 | 2 | 98,319 | $25.4B | $4.1M | $267M |
| 2018 | 2 | 102,023 | $23.8B | $801M | $293M |
| 2017 | 2 | 102,912 | $26.0B | $450M | $280M |
| 2016 | 2 | 102,807 | $23.3B | $190M | $246M |
| 2015 | 2 | 90,607 | $20.1B | $468M | $242M |
| 2014 | 2 | 87,930 | $19.2B | $738M | $234M |
| 2013 | 2 | 88,197 | $18.3B | $495M | $222M |
| 2012 | 2 | 88,050 | $16.4B | $360M | $226M |
| 2011 | 2 | 88,172 | $15.1B | $567M | $212M |
| 2010 | 2 | 87,195 | $15.4B | $637M | $205M |
| 2009 | 2 | 88,473 | $13.7B | $73.0M | $201M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Willis Towers Watson | Actuarial; Plan Administrator; Consulting (pension) | 2 | $8,552,576 |
| Neuberger Berman Investment Adviser | Investment management | 1 | $2,085,684 |
| The Northern Trust Company | Trustee (bank, trust company, or similar financial institution); Trustee (directed) | 2 | $1,823,283 |
| Nisa Investment Advisors LLC | Investment management | 1 | $1,664,566 |
| The Dow Chemical Company | Plan Administrator | 2 | $1,086,614 |
| Covington & Burling LLP | Legal | 3 | $902,463 |
| Adenza, Inc. | Consulting (general); Other services | 2 | $785,022 |
| Goldman Sachs Asset Management, LP | Investment management | 1 | $627,262 |
| Ramirez Asset Management | Investment management | 1 | $442,754 |
| Bloomberg Finance L.P. | — | 2 | $420,102 |
| BDO USA, P.C. | Accounting (including auditing) | 1 | $388,211 |
| McUbe Investment Technologies LLC | Recordkeeping and information management | 1 | $338,463 |
| Fidelity Investments Inst. Op. Co. | Participant loan processing; Consulting (general) | 1 | $294,358 |
| Mayer Brown LLP | Legal | 1 | $97,404 |
| BNY Mellon | Custodial (securities) | 1 | $49,320 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does The Dow Chemical Company have?
3 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Dow Employees' Pension Plan, The Dow Chemical Company Employees' Savings Plan and Dow Employees' Pension Plan (Personal Pension Account). Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does The Dow Chemical Company contribute to its plans?
$219,388,612 in employer contributions across these plans in their latest plan years, about $7,128 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Willis Towers Watson, Neuberger Berman Investment Adviser, The Northern Trust Company and Nisa Investment Advisors LLC and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.