Industry · Form 5500 business code 312200
Tobacco Manufacturing: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
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. The business code is chosen by the filer from the list in the Form 5500 instructions.
42 retirement plans in tobacco manufacturing with 100 or more participants filed Form 5500 for plan year 2024 (28 defined contribution, 14 defined benefit). All Form 5500 pension filers in the group reported 76,679 participant records and $18.9B in net assets.
The median defined contribution plan held $102,293 per participant, well above the national median of $53,031, and its employer put in $4,668 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $95.69 per participant against $123 nationally.
Employers contributed $208M and participants $181M during the year, and the plans paid out $1.58B in benefits.
In 2009 the same group numbered 55 plans with $17.4B; by 2024 it was 42 plans (down 24%) and $18.9B (up 8%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $102,293 | $53,031 | $130,698 | $86,234 |
| Employer contributions per active participant | $4,668 | $2,174 | $1,660 | $10,244 |
| Schedule C compensation per participant | $95.69 | $123 | $404 | $344 |
| Schedule C compensation, share of net assets | 0.13% | 0.26% | 0.22% | 0.42% |
| Administrative expenses per participant | $93.69 | $116 | $655 | $527 |
Medians across plans with 100 or more participants (27 DC and 14 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $58,796 | $102,293 | $217,998 | 27 |
| Employer contributions per active participant | $2,963 | $4,668 | $7,475 | 26 |
| Schedule C compensation per participant | $65.52 | $95.69 | $194 | 20 |
| Administrative expenses per participant | $56.40 | $93.69 | $190 | 24 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 42 | 76,679 | $18.9B | $208M | $181M | $102,293 | $95.69 |
| 2023 | 42 | 78,806 | $18.4B | $202M | $171M | $83,834 | $114 |
| 2022 | 43 | 78,428 | $18.2B | $205M | $171M | $80,426 | $108 |
| 2021 | 45 | 88,133 | $24.6B | $201M | $170M | $95,672 | $115 |
| 2020 | 46 | 107,400 | $25.8B | $188M | $177M | $68,475 | $110 |
| 2019 | 48 | 111,375 | $24.2B | $207M | $170M | $69,839 | $107 |
| 2018 | 48 | 112,507 | $21.6B | $177M | $154M | $65,772 | $87.31 |
| 2017 | 47 | 113,201 | $24.8B | $390M | $148M | $78,262 | $121 |
| 2016 | 49 | 117,964 | $22.8B | $545M | $142M | $72,210 | $76.97 |
| 2015 | 51 | 123,640 | $22.0B | $655M | $140M | $65,632 | $61.47 |
| 2014 | 49 | 127,001 | $22.9B | $176M | $143M | $70,272 | $23.58 |
| 2013 | 47 | 128,083 | $21.7B | $168M | $124M | $62,263 | $42.41 |
| 2012 | 52 | 132,905 | $20.9B | $668M | $123M | $48,048 | $18.59 |
| 2011 | 52 | 136,380 | $19.7B | $912M | $125M | $42,272 | $38.98 |
| 2010 | 54 | 141,493 | $19.1B | $1.01B | $123M | $43,104 | $21.80 |
| 2009 | 55 | 146,576 | $17.4B | $666M | $127M | $42,387 | $27.18 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 42 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 42 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Altria Retirement Plan | Altria Client Services LLC | VA | DB | 25,614 | $6.42B | $250,755 | — | $550 |
| Deferred Profit-Sharing Plan for Salaried Employees | Altria Client Services LLC | VA | DC | 8,763 | $4.58B | $522,235 | $20,275 | — |
| Rai 401(k) Savings Plan | Reynolds American Inc. | NC | DC | 8,223 | $2.02B | $245,932 | $8,890 | $19.69 |
| Reynolds and Affiliates Pension Plan | Reynolds American Inc. | NC | DB | 6,241 | $2.24B | $359,710 | — | — |
| Deferred Profit-Sharing Plan for Hourly Employees | Altria Client Services LLC | VA | DC | 3,130 | $999M | $319,064 | $16,597 | — |
| Itg Holdings USA, Inc. Employee Savings & Retirement Plan | Itg Brands, LLC | NC | DC | 2,359 | $398M | $168,686 | $7,689 | $110 |
| Swedish Match North America Retirement Plan | Swedish Match North America LLC | VA | DB | 1,900 | $212M | $111,650 | $0 | — |
| Wilson Union and Cres/pro Hourly 401(k) Plan | Pyxus International Inc. | NC | DC | 1,520 | $814K | $536 | $9 | — |
| Itg Brands, LLC Retirement Allowance Plan for Hourly Rated And/or Piecework Employees | Itg Brands, LLC | NC | DB | 1,470 | $330M | $224,646 | — | $1,126 |
| Juul Labs, Inc. 401(k) Plan | Juul Labs, Inc. | DC | DC | 1,462 | $150M | $102,293 | $5,611 | $37.79 |
| Pinkerton Tobacco Hourly Employees Retirement Plan | Swedish Match North America LLC | VA | DB | 1,293 | $35.6M | $27,551 | $725 | — |
| Employee Retirement Savings Plan | Swedish Match North America LLC | VA | DC | 1,075 | $114M | $106,347 | $9,385 | $61.90 |
| Scandinavian Tobacco Retirement Savings Plan | Scandinavian Tobacco Group US Holding, Inc. | VA | DC | 1,052 | $64.2M | $61,007 | $4,572 | $77.64 |
| Pinkerton Tobacco Hourly Employees Profit Sharing Plan | Swedish Match North America LLC | VA | DC | 971 | $44.9M | $46,263 | $4,764 | $66.72 |
| Swisher International, Inc. Capital Accumulation Plan | Swisher International Inc. | FL | DC | 919 | $122M | $133,070 | $2,681 | — |
| Ust LLC Retirement Income Plan for Hourly Employees | Ust LLC | VA | DB | 901 | $152M | $168,844 | — | $352 |
| Itg Holdings USA, Inc. Employee Savings and Retirement Plan - Dual Qualified | Itg Cigars, Inc. | NC | DC | 765 | $27.9M | $36,453 | $799 | $68.85 |
| Itg Cigars, Inc. Retirement Plan | Itg Cigars, Inc. | NC | DB | 701 | $49.5M | $70,622 | — | $843 |
| Philip Morris International Deferred Profit-Sharing Plan | Pmi Global Services Inc. | CT | DC | 651 | $303M | $466,164 | $25,001 | $108 |
| Swisher International Inc. Defined Contribution Plan for Salaried Employees | Swisher International Inc. | FL | DC | 604 | $28.4M | $46,974 | — | — |
| Pyxus International, Inc. Savings and Profit Sharing Plan | Pyxus International, Inc. | NC | DC | 594 | $73.7M | $124,036 | $3,284 | $152 |
| Swisher International, Inc. Retirement Income Plan for Wage Employees | Swisher International Inc. | FL | DB | 583 | $68.8M | $117,991 | $5,883 | $144 |
| Retirement Plan of Liggett Group Inc. for Salaried Non-Bargaining Unit Employees | Liggett & Myers Holdings Inc. | FL | DB | 512 | $39.3M | $76,825 | — | — |
| Swisher International, Inc. Retirement Income Plan for Salaried Employees | Swisher International Inc. | FL | DB | 447 | $185M | $413,963 | $15,048 | $404 |
| Turning Point Brands, Inc. Retirement Savings Plan | National Tobacco Company, L.P. | KY | DC | 444 | $33.4M | $75,135 | $4,851 | $216 |
| DRL Enterprises, Inc. Profit Sharing and Salary Deferral Plan | DRL Enterprises, Inc. | IL | DC | 419 | $82.2M | $196,182 | $4,968 | $20.03 |
| Profit Sharing Plan for Itg Brands, LLC Hourly Paid Employees | Itg Brands | NC | DC | 388 | $97.4M | $251,152 | $176 | $407 |
| Retirement Plan of Liggett Group Inc. for Bargaining Unit & Hourly Employees | Liggett & Myers Holdings Inc. | FL | DB | 350 | $50.2M | $143,404 | — | — |
| Xcaliber International Retirement Savings Plan | Xcaliber International, Ltd., L.L.C. | OK | DC | 321 | $18.2M | $56,584 | $4,069 | $185 |
| Tobacco Rag Processors, Inc. Employee Stock Ownership Plan | Tobacco Rag Processors, Inc. | NC | DC | 318 | $76.3M | $239,813 | $6,834 | $83.48 |
| Swedish Match North America Salaried Profit Sharing Plan | Swedish Match North America LLC | VA | DC | 258 | $130M | $503,379 | $9,018 | $70.59 |
| Swisher International, Inc. Capital Accumulation Plan for Wage Employees | Swisher International Inc. | FL | DC | 250 | $18.7M | $74,878 | $870 | — |
| Profit Sharing Plan of Liggett Group Inc. for Bargaining Unit and Hourly Employees | Liggett Group Inc. | NC | DC | 247 | $25.1M | $101,550 | $3,736 | $142 |
| Lake Erie Tobacco Company 401(k) Profit Sharing Plan and Trust | Lake Erie Tobacco Company | NY | DC | 223 | $2.4M | $10,887 | $1,159 | — |
| Dosal Tobacco Corporation 401(k) Plan | Dosal Tobacco Corporation | FL | DC | 206 | $18.4M | $89,452 | $6,179 | $409 |
| Cheyenne International L L C 401(k) Profit Sharing Plan & Trust | Cheyenne International L L C | NC | DC | 201 | $10.2M | $50,781 | $3,246 | $297 |
| J.C. Newman Cigar Employees Savings Plan | J.C. Newman Cigar Company | FL | DC | 198 | $23.3M | $117,607 | $2,868 | $652 |
| Puerto Rico Retirement Plan | Reynolds American Inc. | NC | DB | 172 | $18.7M | $109,009 | — | $1,148 |
| Pension Plan for Hourly Employees of Swisher International, Inc., Wheeling, WV | Swisher International Inc. | FL | DB | 166 | $38.1M | $229,652 | $1,660 | $324 |
| Tobacco Rag Processors, Inc. 401(k) Safe Harbor Plan | Tobacco Rag Processors Inc. | NC | DC | 135 | — | — | — | — |
By plan size
By state
Questions and answers
How many retirement plans are there in tobacco manufacturing?
42 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 45 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in tobacco manufacturing?
The median defined contribution plan reported $102,293 in net assets per participant (middle half of plans: $58,796 to $217,998); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in tobacco manufacturing?
The median defined contribution plan received $4,668 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in tobacco manufacturing?
Among defined contribution plans that report any Schedule C compensation, the median was $95.69 per participant and 0.13% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.