Industry · Form 5500 business code 333100
Agriculture, Construction, & Mining Machinery Mfg: 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.
182 retirement plans in agriculture, construction, & mining machinery mfg with 100 or more participants filed Form 5500 for plan year 2024 (162 defined contribution, 20 defined benefit). All Form 5500 pension filers in the group reported 421,454 participant records and $77.0B in net assets.
The median defined contribution plan held $79,613 per participant, well above the national median of $53,031, and its employer put in $2,634 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $143 per participant against $123 nationally.
Employers contributed $1.84B and participants $1.50B during the year, and the plans paid out $5.50B in benefits.
In 2009 the same group numbered 209 plans with $36.7B; by 2024 it was 182 plans (down 13%) and $77.0B (up 110%). 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 | $79,613 | $53,031 | $70,707 | $86,234 |
| Employer contributions per active participant | $2,634 | $2,174 | $479 | $10,244 |
| Schedule C compensation per participant | $143 | $123 | $256 | $344 |
| Schedule C compensation, share of net assets | 0.21% | 0.26% | 0.30% | 0.42% |
| Administrative expenses per participant | $138 | $116 | $381 | $527 |
Medians across plans with 100 or more participants (160 DC and 20 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 | $47,348 | $79,613 | $117,762 | 160 |
| Employer contributions per active participant | $1,948 | $2,634 | $4,119 | 155 |
| Schedule C compensation per participant | $74.93 | $143 | $264 | 144 |
| Administrative expenses per participant | $72.89 | $138 | $256 | 150 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 25 | 91,702 | $26.8B | $591M | $599M | $129,632 | $149 |
| 2024 | 182 | 421,454 | $77.0B | $1.84B | $1.50B | $79,613 | $143 |
| 2023 | 185 | 425,355 | $70.8B | $1.26B | $1.43B | $77,464 | $137 |
| 2022 | 208 | 430,993 | $62.3B | $1.14B | $1.30B | $60,710 | $128 |
| 2021 | 204 | 419,933 | $71.3B | $915M | $1.13B | $76,126 | $121 |
| 2020 | 211 | 414,287 | $75.0B | $867M | $1.07B | $70,695 | $113 |
| 2019 | 218 | 430,964 | $65.7B | $845M | $1.07B | $61,508 | $110 |
| 2018 | 219 | 432,642 | $59.0B | $2.35B | $1.02B | $53,994 | $103 |
| 2017 | 212 | 439,136 | $59.2B | $2.83B | $913M | $60,787 | $83.75 |
| 2016 | 210 | 435,528 | $53.0B | $1.98B | $877M | $57,037 | $73.57 |
| 2015 | 206 | 444,815 | $48.4B | $849M | $942M | $51,776 | $67.75 |
| 2014 | 200 | 453,115 | $50.4B | $793M | $899M | $52,083 | $62.50 |
| 2013 | 206 | 461,246 | $49.5B | $1.41B | $875M | $50,770 | $59.85 |
| 2012 | 211 | 486,642 | $45.1B | $1.12B | $861M | $44,173 | $35.44 |
| 2011 | 207 | 471,021 | $41.1B | $1.05B | $775M | $41,327 | $41.82 |
| 2010 | 200 | 452,897 | $40.6B | $1.17B | $666M | $41,142 | $33.82 |
| 2009 | 209 | 453,388 | $36.7B | $1.72B | $656M | $35,427 | $36.64 |
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 183 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 183 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Caterpillar 401(k) Savings Plan | Caterpillar Inc. | TX | DC | 59,937 | $23.0B | $384,099 | $11,073 | $161 |
| Caterpillar Inc. Retirement Income Plan | Caterpillar Inc. | TX | DB | 38,251 | $9.19B | $240,355 | — | $64.16 |
| John Deere Pension Plan for Salaried Employees | Deere & Company | IL | DB | 34,156 | $8.72B | $255,399 | $38,148 | $84.03 |
| John Deere Pension Plan for Wage Employees | Deere & Company | IL | DB | 29,364 | $4.12B | $140,218 | — | $70.50 |
| John Deere Savings and Investment Plan | Deere & Company | IL | DC | 26,538 | $12.9B | $487,254 | $14,589 | $11.21 |
| Caterpillar Inc. Non-Contributory Pension Plan | Caterpillar Inc. | TX | DB | 23,789 | $2.37B | $99,674 | — | $68.44 |
| Crown Equipment Corporation 401(k) Retirement Savings Plan and Trust | Crown Equipment Corporation | OH | DC | 15,888 | $1.27B | $79,816 | $3,103 | $67.94 |
| John Deere Tax Deferred Savings Plan | Deere & Company | IL | DC | 15,110 | $2.08B | $137,585 | $3,569 | $13.91 |
| CNH Industrial U.S. Retirement Savings Plan | Case New Holland Industrial Inc. | WI | DC | 12,639 | $2.28B | $180,218 | $7,847 | $57.43 |
| Komatsu U.S. Pension Plan | Komatsu Mining Corp. | WI | DB | 9,765 | $721M | $73,857 | — | $317 |
| Caterpillar Inc. Tax Deferred Retirement Plan | Caterpillar Inc. | TX | DC | 9,341 | $912M | $97,663 | $3,732 | $88.91 |
| Terex Corporation and Affiliates 401(k) Retirement Savings Plan | Terex Corporation | CT | DC | 8,108 | $758M | $93,453 | $3,479 | $99.95 |
| Heico Holding, Inc. 401(k) Plan | Heico Holding, Inc. | IL | DC | 7,381 | $437M | $59,270 | $2,013 | $47.54 |
| Agco Corporation Savings Plan | Agco Corporation | GA | DC | 6,339 | $757M | $119,473 | $4,017 | $77.05 |
| Komatsu Mining Corp. Retirement Savings Plan | Komatsu Mining Corp. | WI | DC | 5,494 | $923M | $168,070 | $8,899 | $37.66 |
| Vermeer Corporation 401(k) Retirement Plan | Vermeer Corporation | IA | DC | 5,384 | $499M | $92,642 | $2,167 | $254 |
| Doosan 401(k) Plan | Doosan Bobcat North America, Inc. | ND | DC | 4,989 | $552M | $110,582 | $5,230 | $89.77 |
| Komatsu America Corp. Savings Plan | Komatsu America Corp. | IL | DC | 4,279 | $510M | $119,072 | $5,483 | $101 |
| Kubota Manufacturing of America Corporation 401(k) Plan & Trust | Kubota Manufacturing of America Corporation | GA | DC | 3,439 | $152M | $44,331 | $2,579 | $99.51 |
| Crown Equipment Corporation Retirement Plan | Crown Equipment Corporation | OH | DB | 3,356 | $503M | $149,929 | $0 | $273 |
| The Alamo Group (USA) Inc. 401(k) Retirement and Savings Plan | Alamo Group Inc. | TX | DC | 3,076 | $229M | $74,288 | $1,880 | $112 |
| Employees' Profit Sharing Plus Plan of Stihl Incorporated | Stihl Incorporated | VA | DC | 3,075 | $398M | $129,531 | $4,081 | $104 |
| Employees' Retirement Plan of Stihl, Incorporated | Stihl, Incorporated | VA | DB | 2,989 | $155M | $51,991 | $5,337 | $260 |
| Great Plains Manufacturing Inc. Profit Sharing 401(k) Plan | Great Plains Manufacturing, Incorporated | KS | DC | 2,929 | $149M | $50,912 | $2,698 | $117 |
| Rite-Hite Retirement Savings Plan | Rite-Hite Holding Corporation | WI | DC | 2,851 | $494M | $173,199 | $11,823 | $106 |
| Liebherr-America Inc. Pension Plan | Liebherr Mining & Construction | VA | DC | 2,294 | $264M | $115,229 | $5,343 | $73.77 |
| The Manitowoc Company, Inc. 401(k) Retirement Plan | The Manitowoc Company, Inc. | WI | DC | 2,291 | $363M | $158,544 | $3,568 | $137 |
| Cactus Wellhead, LLC Retirement Plan | Cactus Wellhead, LLC | TX | DC | 1,766 | $83.8M | $47,479 | $3,607 | $92.77 |
| F&S Produce Co., Inc. 401(k) Profit Sharing Plan | F&S Produce Company, Inc. | NJ | DC | 1,758 | $10.4M | $5,904 | $295 | $12.03 |
| CNH Industrial U.S. Pension Plan | Case New Holland Industrial Inc. | WI | DB | 1,687 | $156M | $92,529 | — | $599 |
| The Manitowoc Company, Inc. Pension Plan | The Manitowoc Company, Inc. | WI | DB | 1,589 | $85.0M | $53,508 | $10,942 | $418 |
| The Taylor Group, Inc. 401(k) Plan | The Taylor Group, Inc. | MS | DC | 1,585 | $122M | $76,897 | $2,766 | — |
| Foley Savings Plan | Foley Industries, Inc. | KS | DC | 1,526 | $152M | $99,296 | $3,276 | $91.13 |
| Clark Equipment Company - Melroe Division, Gwinner, ND Plant Hourly-Rate Employees' Pension Plan | Doosan Bobcat North America, Inc. | ND | DB | 1,464 | $101M | $68,975 | — | $253 |
| Melroe Savings and Investment Plan | Doosan Bobcat North America, Inc. | ND | DC | 1,438 | $164M | $113,843 | $3,644 | $49.74 |
| CTB, Inc. Profit Sharing Plan | CTB, Inc. | IN | DC | 1,434 | $159M | $111,072 | $4,137 | $79.72 |
| Volvo Investment Plan | Volvo Construction Equipment North America, LLC | PA | DC | 1,413 | $255M | $180,233 | $10,334 | $64.46 |
| Unverferth Manufacturing Company, Inc. Profit Sharing and 401(k) Plan | Unverferth Manufacturing Company, Inc. | OH | DC | 1,393 | $269M | $193,409 | $10,287 | $136 |
| Volvo Retirement Plan | Volvo Construction Equipment North America, LLC. | PA | DB | 1,392 | $101M | $72,438 | — | $151 |
| Manitou Americas Savings Plan | Manitou Equipment America, LLC | WI | DC | 1,389 | $82.5M | $59,410 | $2,514 | $63.02 |
By plan size
By state
Questions and answers
How many retirement plans are there in agriculture, construction, & mining machinery mfg?
182 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 231 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 agriculture, construction, & mining machinery mfg?
The median defined contribution plan reported $79,613 in net assets per participant (middle half of plans: $47,348 to $117,762); 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 agriculture, construction, & mining machinery mfg?
The median defined contribution plan received $2,634 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 agriculture, construction, & mining machinery mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $143 per participant and 0.21% 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.