New York › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Kodak Retirement Income Plan
Sponsored by Eastman Kodak Company, Rochester, NY
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Kodak Retirement Income Plan covered 33,088 participants and held $3.11B in net assets. The plan is a defined benefit pension plan sponsored by Eastman Kodak Company of Rochester, New York.
Net assets came to $94,041 per participant, above the $88,040 median for defined benefit plans with 25,000 or more participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $10.2M: $307 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $31.3M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $4.56B in 2009 to $3.11B in 2024 (down 32%), and participants from 55,647 to 33,088 (down 41%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $94,041 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | $307 | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $945 | $306 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 33,088 | $3.11B | $94,041 | — | — | $10.2M |
| 2023 | 34,518 | $3.46B | $100,329 | — | — | $9.8M |
| 2022 | 35,738 | $3.61B | $101,019 | — | — | $9.0M |
| 2021 | 37,209 | $4.12B | $110,610 | — | — | $9.6M |
| 2020 | 38,920 | $3.86B | $99,220 | — | — | $8.5M |
| 2019 | 40,244 | $3.62B | $89,882 | — | — | $7.7M |
| 2017 | 43,154 | $3.82B | $88,533 | — | — | $5.7M |
| 2016 | 44,613 | $3.66B | $82,111 | — | — | $5.4M |
| 2015 | 46,124 | $3.80B | $82,377 | — | — | $6.9M |
| 2014 | 47,805 | $4.17B | $87,178 | — | — | $13.9M |
| 2013 | 54,779 | $4.20B | $76,755 | — | — | $13.3M |
| 2012 | 50,087 | $4.67B | $93,278 | — | — | $12.4M |
| 2011 | 51,497 | $4.64B | $90,050 | — | — | $9.7M |
| 2010 | 53,821 | $4.71B | $87,452 | — | — | $8.5M |
| 2009 | 55,647 | $4.56B | $81,970 | — | — | $5.8M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$3,463,155,285
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$51,479,359
- Benefits paid$268,794,094
- Administrative expenses$31,257,938
- Total expenses$300,052,032
- Net income−$351,531,391
- Net transfers$0
- Net assets, end of year$3,111,623,894
Participants
- Active participants1,930
- Retired or separated, receiving benefits24,271
- Retired or separated, entitled to future benefits3,947
- Total participants, end of year33,088
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Eastman Kodak Company | Investment management | $3,354,048 | $0 |
| Nepc LLC | Consulting (general) | $2,059,121 | $0 |
| October Three Consulting LLC | Direct payment from the plan; Account maintenance fees | $1,388,631 | $0 |
| The Bank of New York Mellon | Custodial (other than securities); Custodial (securities) | $1,119,156 | $0 |
| Income Research & Management | Investment management | $1,004,119 | $0 |
| Morgan Lewis & Bockius LLP | Actuarial | $388,861 | $0 |
| Albourne America, LLC | Direct payment from the plan; Account maintenance fees | $178,515 | $0 |
| Deloitte Consulting LLP | Actuarial | $142,690 | $0 |
| Backstop Solutions Group LLC | Investment management | $129,920 | $0 |
| Sidley Austin LLP | Legal | $110,361 | $0 |
| Metropolitan Life Insurance Company | Investment management | $93,435 | $0 |
| Parametric Portfolio Associates | Investment management | $68,940 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$21,100,480
- Salaries and allowances$5,311,574
- Investment advisory and management fees$3,225,614
- Trustee and custodial fees$870,691
- Legal fees$554,689
- Actuarial fees$142,690
- IQPA audit fees$52,200
- Total administrative expenses$31,257,938
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$820M · 26.2%
- Corporate debt instruments$803M · 25.6%
- Other investments$684M · 21.8%
- U.S. Government securities$486M · 15.5%
- Partnership/joint venture interests$169M · 5.4%
- Receivables$132M · 4.2%
- Cash (interest and non-interest bearing)$21.0M · 0.7%
- Pooled separate accounts$16.0M · 0.5%
- Corporate stocks$364K · 0.0%
- Insurance company general account$36K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmInsero & Co. CPAS, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 339900: Other Miscellaneous Mfg.
Other plans of Eastman Kodak Company
| Plan | Participants | Net assets |
|---|---|---|
| Eastman Kodak Employees' Savings and Investment Plan | 7,352 | $2.15B |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| GE Energy Pension Plan | Ropcor, Inc. | 51,368 | $8.92B | $173,644 |
| Corning Incorporated Pension Plan | Corning Incorporated | 33,086 | $2.84B | $85,902 |
| Pfizer Consolidated Pension Plan | Pfizer Inc. | 52,666 | $9.96B | $189,103 |
| The Estee Lauder Companies Retirement Growth Account Plan | Estee Lauder, Inc. | 18,663 | $841M | $45,062 |
| Pepsico Employees Retirement Plan I | Pepsico, Inc. | 55,326 | $6.82B | $123,315 |
| Colgate-Palmolive Company Employees' Retirement Income Plan | Colgate-Palmolive Company | 8,715 | $1.28B | $146,467 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Kodak Retirement Income Plan?
33,088 participants at the end of the plan year ending 31 Dec 2024, of whom 1,930 were active employees, with net assets of $3,111,623,894. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Eastman Kodak Company contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $10,154,324 in compensation to service provider organisations, $307 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $31,257,938. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Eastman Kodak Company. Investment advisory or management: Eastman Kodak Company, Income Research & Management and Backstop Solutions Group LLC. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by Insero & Co. CPAS, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 16-0417150, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.