Industry · Form 5500 business code 333200
Industrial 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.
For plan year 2024, 367 retirement plans in industrial machinery mfg with 100 or more participants filed Form 5500: 320 defined contribution and 47 defined benefit. They reported 445,651 participant records and $55.6B in net assets, counting every plan on the form.
The median defined contribution plan held $93,819 per participant, well above the national median of $53,031, and its employer put in $2,748 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $188 per participant against $123 nationally.
Employers contributed $1.19B and participants $1.61B during the year, and the plans paid out $6.16B in benefits.
In 2009 the same group numbered 414 plans with $26.7B; by 2024 it was 367 plans (down 11%) and $55.6B (up 109%). 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 | $93,819 | $53,031 | $68,191 | $86,234 |
| Employer contributions per active participant | $2,748 | $2,174 | $12,581 | $10,244 |
| Schedule C compensation per participant | $188 | $123 | $370 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.26% | 0.48% | 0.42% |
| Administrative expenses per participant | $159 | $116 | $580 | $527 |
Medians across plans with 100 or more participants (295 DC and 47 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 | $60,435 | $93,819 | $135,033 | 295 |
| Employer contributions per active participant | $1,747 | $2,748 | $4,290 | 285 |
| Schedule C compensation per participant | $85.04 | $188 | $287 | 274 |
| Administrative expenses per participant | $73.69 | $159 | $265 | 286 |
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 | 46 | 26,828 | $3.24B | $72.0M | $124M | $102,953 | $235 |
| 2024 | 367 | 445,651 | $55.6B | $1.19B | $1.61B | $93,819 | $188 |
| 2023 | 371 | 506,640 | $53.5B | $1.21B | $1.52B | $86,227 | $153 |
| 2022 | 392 | 476,318 | $44.7B | $951M | $1.33B | $71,989 | $151 |
| 2021 | 389 | 469,265 | $55.8B | $804M | $1.19B | $89,970 | $179 |
| 2020 | 366 | 456,883 | $51.0B | $808M | $1.09B | $85,489 | $148 |
| 2019 | 381 | 470,200 | $44.6B | $937M | $1.18B | $77,072 | $126 |
| 2018 | 384 | 478,953 | $39.2B | $885M | $1.11B | $66,553 | $104 |
| 2017 | 374 | 469,964 | $42.8B | $1.36B | $984M | $73,304 | $92.84 |
| 2016 | 369 | 470,235 | $37.3B | $1.64B | $921M | $65,702 | $78.66 |
| 2015 | 387 | 526,671 | $37.4B | $1.27B | $1.03B | $60,268 | $74.78 |
| 2014 | 393 | 564,792 | $44.1B | $1.01B | $1.00B | $62,852 | $54.76 |
| 2013 | 406 | 580,046 | $42.6B | $1.22B | $964M | $59,260 | $48.39 |
| 2012 | 407 | 598,995 | $38.0B | $1.31B | $917M | $50,349 | $55.21 |
| 2011 | 417 | 572,398 | $31.4B | $1.42B | $754M | $48,067 | $47.11 |
| 2010 | 417 | 604,646 | $35.1B | $1.48B | $796M | $50,305 | $39.77 |
| 2009 | 414 | 559,901 | $26.7B | $1.12B | $680M | $43,127 | $34.69 |
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 366 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 366 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| L3HARRIS Technologies Consolidated Pension Plan | L3HARRIS Technologies, Inc. | FL | DB | 56,703 | $7.59B | $133,943 | $5,637 | — |
| Parker Retirement Savings Plan | Parker Hannifin Corporation | OH | DC | 42,434 | $9.01B | $212,331 | $6,582 | $68.73 |
| Trane Technologies Employee Savings Plan (Esp) | Trane Technologies Company LLC | NC | DC | 27,974 | $7.51B | $268,575 | $8,142 | — |
| Trane Technologies Pension Plan Number One B | Trane Technologies Company LLC | NC | DB | 20,281 | $776M | $38,263 | $2,015 | — |
| Nov Inc. 401(k) Plan | Nov Inc. | TX | DC | 15,909 | $1.65B | $103,484 | $3,787 | $72.26 |
| Xylem Retirement Savings Plan | Xylem Inc. | NY | DC | 11,150 | $1.75B | $157,084 | $7,235 | $102 |
| Flowserve Corporation Pension Plan | Flowserve Corporation | TX | DB | 8,031 | $362M | $45,134 | $2,476 | $133 |
| Ingersoll Rand Retirement Savings Plan | Industrial Technologies and Services, LLC | NC | DC | 7,780 | $1.40B | $179,701 | $5,491 | $78.27 |
| The Timken Company Savings and Investment Retirement Plan | The Timken Company | OH | DC | 7,421 | $1.36B | $183,637 | $6,229 | $151 |
| Barry-Wehmiller Companies' 401(k) Retirement Savings Plan | Barry-Wehmiller Companies, Inc. | MO | DC | 7,046 | $1.03B | $145,901 | $3,570 | $98.47 |
| Regal Rexnord Retirement Savings Plan | Regal Rexnord Corporation | WI | DC | 6,814 | $656M | $96,335 | $3,095 | $65.59 |
| Flowserve Corporation Retirement Savings Plan | Flowserve Corporation | TX | DC | 6,458 | $1.18B | $183,435 | $4,286 | $35.39 |
| American Bath Group 401(k) Plan | Abg Operating, LLC | TN | DC | 5,488 | $124M | $22,616 | $294 | $46.53 |
| Nordson Employees' Savings Trust Plan | Nordson Corporation | OH | DC | 4,554 | $733M | $160,938 | $3,797 | $69.50 |
| Nordson Corporation Salaried Employees Pension Plan | Nordson Corporation | OH | DB | 4,340 | $392M | $90,380 | $6,897 | $265 |
| Pro Mach, Inc. Retirement Savings Plan | Pro Mach, Inc. | KY | DC | 4,327 | $486M | $112,272 | $3,562 | $163 |
| Daifuku North America Group Employees' Retirement Savings Plan | Daifuku North America Holding Company | MI | DC | 4,325 | $234M | $54,071 | $1,873 | $51.02 |
| Regal Rexnord 401(k) Plan | Regal Rexnord Corporation | WI | DC | 4,062 | $305M | $75,053 | $2,350 | $60.28 |
| Itt Retirement Savings Plan | Itt Industries Holdings, Inc. | CT | DC | 3,809 | $601M | $157,794 | $7,235 | $203 |
| Dover Corporation Pension Plan | Dover Corporation | IL | DB | 3,735 | $372M | $99,589 | — | $523 |
| Ingersoll Rand Industrial U.S., Inc. Pension Plan | Ingersoll Rand Industrial U.S., Inc. | NC | DB | 3,688 | $176M | $47,839 | $447 | $159 |
| Enpro Industries, Inc. Retirement Savings Plan | Enpro Inc. | NC | DC | 3,656 | $373M | $102,065 | $5,097 | $79.60 |
| Dresser, LLC Consolidated Salaried Retirement Plan | Dresser, LLC | TX | DB | 3,652 | $125M | $34,159 | $22,310 | $503 |
| Kci Holding USA, Inc. 401(k) Plan | Kci Holding USA, Inc. | OH | DC | 3,562 | $353M | $99,137 | $4,699 | $24.14 |
| Graco Employee Investment Plan | Graco Inc. | MN | DC | 3,407 | $619M | $181,718 | $4,667 | $161 |
| Weir Group, Inc. 401(k) Plan | Weir Group, Inc. | TX | DC | 3,324 | $444M | $133,641 | $4,290 | $149 |
| PMC Business Pension Plan | Land Newco, Inc. | WI | DB | 3,180 | $136M | $42,613 | $11,325 | $138 |
| RTX Puerto Rico Savings Plan | RTX Corporation | PR | DC | 3,152 | $127M | $40,157 | $2,214 | — |
| Andritz Inc. Savings and Investment Plan | Andritz Inc. | GA | DC | 3,026 | $479M | $158,174 | $4,007 | $444 |
| Tennant Company Retirement Savings Plan | Tennant Company | MN | DC | 2,938 | $486M | $165,553 | $2,928 | $124 |
| Alfa Laval Retirement Savings Plan | Alfa Laval Inc. | VA | DC | 2,591 | $319M | $123,229 | $5,312 | $135 |
| Columbus McKinnon Corporation Thrift 401(k) Plan | Columbus McKinnon Corporation | NY | DC | 2,534 | $238M | $93,819 | $7,481 | $84.84 |
| The Esab Group, Inc. Consolidated Retirement Plan | The Esab Group, Inc. | MD | DB | 2,459 | $139M | $56,659 | — | $272 |
| Now Inc. 401(k) and Retirement Savings Plan | Dnow L.P. | TX | DC | 2,421 | $203M | $83,751 | $2,250 | $104 |
| Voith Employee Savings Plan | Voith US Inc. | PA | DC | 2,387 | $419M | $175,545 | $6,199 | $189 |
| The Timken-Latrobe-Mpb-Torrington Retirement Plan | The Timken Company | OH | DB | 2,254 | $154M | $68,191 | $18,653 | $403 |
| Metallus Inc. Bargaining Unit Pension Plan | Metallus Inc. | OH | DB | 2,177 | $387M | $177,807 | $59,244 | $769 |
| Munters Corporation 401(k) Plan | Munters Corporation | MA | DC | 2,174 | $140M | $64,174 | $3,227 | $43.56 |
| SMC Corporation Retirement Savings Plan | SMC Corporation of America | IN | DC | 2,128 | $189M | $88,991 | $3,121 | $127 |
| Keyence Corporation of America Savings Plan | Keyence Corporation of America | IL | DC | 2,116 | $205M | $96,672 | $3,471 | $117 |
By plan size
By state
Questions and answers
How many retirement plans are there in industrial machinery mfg?
367 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 491 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 industrial machinery mfg?
The median defined contribution plan reported $93,819 in net assets per participant (middle half of plans: $60,435 to $135,033); 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 industrial machinery mfg?
The median defined contribution plan received $2,748 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 industrial machinery mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $188 per participant and 0.20% 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.