Industry · Form 5500 business code 333610
Engine, Turbine & Power Transmission Equipment 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.
109 retirement plans in engine, turbine & power transmission equipment mfg with 100 or more participants filed Form 5500 for plan year 2024 (91 defined contribution, 18 defined benefit). All Form 5500 pension filers in the group reported 189,527 participant records and $20.0B in net assets.
The median defined contribution plan held $63,564 per participant, above the national median of $53,031, and its employer put in $3,190 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $152 per participant against $123 nationally.
Employers contributed $403M and participants $597M during the year, and the plans paid out $2.20B in benefits.
In 2009 the same group numbered 143 plans with $10.6B; by 2024 it was 109 plans (down 24%) and $20.0B (up 88%). 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 | $63,564 | $53,031 | $61,066 | $86,234 |
| Employer contributions per active participant | $3,190 | $2,174 | $19,600 | $10,244 |
| Schedule C compensation per participant | $152 | $123 | $277 | $344 |
| Schedule C compensation, share of net assets | 0.22% | 0.26% | 0.49% | 0.42% |
| Administrative expenses per participant | $143 | $116 | $387 | $527 |
Medians across plans with 100 or more participants (85 DC and 18 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 | $44,042 | $63,564 | $124,457 | 85 |
| Employer contributions per active participant | $1,645 | $3,190 | $4,684 | 79 |
| Schedule C compensation per participant | $87.45 | $152 | $277 | 76 |
| Administrative expenses per participant | $61.77 | $143 | $277 | 80 |
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 | 14 | 58,780 | $12.0B | $188M | $331M | $143,999 | $168 |
| 2024 | 109 | 189,527 | $20.0B | $403M | $597M | $63,564 | $152 |
| 2023 | 116 | 196,240 | $18.9B | $368M | $543M | $56,281 | $116 |
| 2022 | 117 | 183,655 | $16.4B | $348M | $503M | $48,982 | $115 |
| 2021 | 124 | 181,971 | $19.0B | $311M | $434M | $64,781 | $135 |
| 2020 | 121 | 181,378 | $17.7B | $284M | $396M | $62,080 | $117 |
| 2019 | 119 | 183,444 | $16.5B | $405M | $415M | $54,708 | $84.84 |
| 2018 | 124 | 189,880 | $14.8B | $319M | $437M | $47,590 | $69.28 |
| 2017 | 127 | 201,286 | $17.1B | $659M | $431M | $50,623 | $51.12 |
| 2016 | 124 | 209,669 | $16.0B | $438M | $398M | $51,447 | $53.94 |
| 2015 | 132 | 221,016 | $15.1B | $390M | $407M | $47,733 | $39.71 |
| 2014 | 134 | 179,980 | $13.1B | $350M | $389M | $46,830 | $34.78 |
| 2013 | 138 | 220,317 | $15.4B | $488M | $364M | $44,144 | $33.16 |
| 2012 | 136 | 220,416 | $13.6B | $426M | $357M | $35,760 | $31.73 |
| 2011 | 131 | 216,729 | $12.4B | $433M | $317M | $33,367 | $31.01 |
| 2010 | 137 | 212,209 | $12.2B | $512M | $271M | $34,966 | $30.15 |
| 2009 | 143 | 215,500 | $10.6B | $327M | $262M | $28,524 | $39.19 |
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 109 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 109 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Cummins Pension Plan | Cummins Inc. | IN | DB | 44,593 | $3.20B | $71,650 | — | $208 |
| Cummins Retirement and Savings Plan | Cummins Inc. | IN | DC | 37,997 | $7.49B | $197,130 | $3,905 | — |
| The Toro Company Retirement Plan | The Toro Company | MN | DC | 8,866 | $1.41B | $159,026 | $6,202 | $29.48 |
| Vestas America Holding, Inc. 401(k) Plan | Vestas America Holding, Inc. | OR | DC | 7,036 | $381M | $54,107 | $3,814 | $46.05 |
| Muviq USA Defined Benefit Pension Plan | Muviq USA, LLC | MI | DB | 6,947 | $111M | $16,034 | $289,188 | $187 |
| Jasper Holdings, Inc. Employee Stock Ownership Plan and Trust | Jasper Holdings, Inc. | IN | DC | 4,963 | $2.20B | $443,014 | $4,248 | — |
| Danfoss USA Savings Plan | Danfoss Power Solutions US Company | IA | DC | 4,379 | $564M | $128,791 | $5,321 | $117 |
| Briggs & Stratton, LLC 401(k) Plan | Briggs & Stratton, LLC | WI | DC | 4,127 | $227M | $54,919 | $4,336 | $113 |
| Magnetek Flexcare Plus Retirement Pension Plan | Magnetek, Inc. | NY | DB | 3,951 | $93.2M | $23,582 | $0 | $122 |
| Mitsubishi Heavy Industries Americas Inc. Shared Services Plan | Mitsubishi Heavy Industries Americas Inc. | TX | DC | 3,541 | $460M | $130,012 | $7,133 | $200 |
| Danfoss USA Savings Plan II | Danfoss Power Solutions II, LLC | IA | DC | 2,810 | $178M | $63,232 | $5,948 | $114 |
| Danfoss Power Solutions Employees' Retirement Plan | Danfoss Power Solutions US Company | IA | DB | 2,648 | $151M | $56,931 | $3,937 | $153 |
| Williams International Employees Savings Plan | Williams International Co., LLC | MI | DC | 2,595 | $274M | $105,679 | $1,647 | $37.55 |
| Chromalloy 401(k) Plan | Chromalloy Corporation | FL | DC | 2,592 | $324M | $125,159 | $3,602 | $194 |
| Solar Savings and Investment Plan | Solar Turbines Incorporated | CA | DC | 2,519 | $549M | $217,858 | $4,963 | $168 |
| Williams International Results Based Pension Plan | Williams International Co., LLC | MI | DC | 2,411 | $58.9M | $24,443 | $3,203 | $4.29 |
| Chromalloy Group Pension Plan | Chromalloy Corporation | FL | DB | 2,407 | $149M | $61,696 | $38,601 | $457 |
| Solar Turbines Incorporated Non-Contributory Retirement Plan | Solar Turbines Incorporated | CA | DB | 2,315 | $274M | $118,373 | — | $68.51 |
| Detroit Diesel UAW 163 Hourly Savings Plan | Detroit Diesel Corporation | OR | DC | 2,214 | $303M | $136,940 | $6,330 | $37.60 |
| Detroit Diesel Corporation Hourly-Rate Employees Pension Plan | Detroit Diesel Corporation | OR | DB | 2,014 | $298M | $147,956 | — | $134 |
| Elliott Company Consolidated Savings Plan | Elliott Company | PA | DC | 1,992 | $396M | $198,757 | $7,767 | $82.05 |
| Borgwarner Inc. Retirement Plan | Borgwarner Inc. | MI | DB | 1,975 | $126M | $64,007 | $46,012 | $391 |
| The Carlstar Group LLC 401(k) Plan | The Carlstar Group LLC | TN | DC | 1,473 | $68.9M | $46,800 | $2,536 | $161 |
| Prolec-Ge Waukesha, Inc. Retirement Savings Plan | Prolec-Ge Waukesha, Inc. | WI | DC | 1,452 | $48.4M | $33,323 | $3,187 | $63.14 |
| Weg U.S. 401(k) Retirement Plan | Weg Electric Corp. | GA | DC | 1,383 | $110M | $79,282 | $2,620 | $134 |
| CS Wind America 401(k) Plan | CS Wind America, Inc. | CO | DC | 1,066 | $34.1M | $31,947 | $2,672 | $117 |
| Dayco Savings & Retirement Plan | Dayco Incorporated | MI | DC | 1,059 | $95.7M | $90,322 | $4,772 | $96.33 |
| Lincotek US 401(k) Plan | Turbocoating Corp. | NC | DC | 1,054 | $36.8M | $34,922 | $1,280 | $57.56 |
| Rolls-Royce Corporation Personal Savings Plan for Hourly-Rate Employees | Rolls-Royce Corporation | VA | DC | 1,031 | $239M | $231,982 | $1,630 | $152 |
| Orsted North America Inc. 401(k) Plan | Orsted North America Inc. | MA | DC | 880 | $86.8M | $98,649 | $8,044 | $175 |
| Twin Disc, Inc. Combined Retirement Plan for Racine Hourly and Salaried Employees | Twin Disc, Incorporated | WI | DB | 851 | $51.4M | $60,435 | — | $294 |
| Stanadyne LLC Savings Plus Plan | Stanadyne LLC | SC | DC | 841 | $62.9M | $74,840 | $1,642 | $107 |
| Williams International Pension Plan for Employees | Williams International Co., LLC | MI | DB | 832 | $77.7M | $93,352 | $28,488 | $288 |
| Meissner Filtration Products, INC.401(K) Profit Sharing Plan | Meissner Filtration Products, Inc. | CA | DC | 723 | $31.2M | $43,198 | $2,911 | $363 |
| Proenergy Service 401(k) Plan | Proenergy Service LLC | MO | DC | 713 | $39.3M | $55,122 | $2,147 | $194 |
| Sulzer Pumps (US) Inc. Retirement Plan | Sulzer Pumps (US) Inc. | TX | DB | 701 | $40.8M | $58,274 | $8,152 | — |
| Briggs & Stratton, LLC Cash Balance Retirement Plan | Briggs & Stratton, LLC | WI | DB | 697 | $9.2M | $13,260 | $875 | $367 |
| Turbocam, Inc. 401(k) Retirement Plan | Turbocam, Inc. | NH | DC | 692 | $36.0M | $51,999 | $0 | $229 |
| Cfan Company Retirement/savings Plan | Cfan Company | TX | DC | 679 | $46.5M | $68,552 | $1,441 | $113 |
| Cummins Retirement and Savings Plan for Certain Collectively Bargained Employees | Cummins Inc. | IN | DC | 657 | $112M | $171,221 | $156 | — |
By plan size
By state
Questions and answers
How many retirement plans are there in engine, turbine & power transmission equipment mfg?
109 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 134 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 engine, turbine & power transmission equipment mfg?
The median defined contribution plan reported $63,564 in net assets per participant (middle half of plans: $44,042 to $124,457); 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 engine, turbine & power transmission equipment mfg?
The median defined contribution plan received $3,190 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 engine, turbine & power transmission equipment mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $152 per participant and 0.22% 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.