Pennsylvania › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Kraft Heinz Retirement Plan
Sponsored by Kraft Heinz Foods Company, Pittsburgh, PA
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, Kraft Heinz Retirement Plan covered 28,131 participants and held $2.99B in net assets. The plan is a cash balance pension plan sponsored by Kraft Heinz Foods Company of Pittsburgh, Pennsylvania. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $106,176 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.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $156M in 2009 to $2.99B in 2024 (up 1809%), and participants from 2,607 to 28,131 (up 979%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $106,176 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | — | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | — | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | — | $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 | 28,131 | $2.99B | $106,176 | — | — | $0 |
| 2023 | 29,036 | $3.16B | $108,687 | — | — | $0 |
| 2022 | 29,650 | $3.11B | $104,890 | — | — | $0 |
| 2021 | 30,756 | $4.46B | $144,999 | — | $2,000 | $0 |
| 2020 | 31,917 | $4.66B | $146,154 | — | $4,000 | $0 |
| 2019 | 40,891 | $4.81B | $117,710 | — | $4,000 | $0 |
| 2018 | 42,132 | $4.24B | $100,643 | — | $6,000 | $0 |
| 2017 | 19,930 | $1.45B | $72,934 | — | $37K | $0 |
| 2016 | 23,384 | $1.52B | $65,172 | — | $42K | $0 |
| 2015 | 30,531 | $1.70B | $55,833 | — | — | $971K |
| 2014 | 2,463 | $199M | $80,734 | — | — | $2.7M |
| 2013 | 7,606 | $409M | $53,761 | — | — | $1.4M |
| 2012 | 2,408 | $220M | $91,309 | — | — | $1.1M |
| 2011 | 2,484 | $207M | $83,260 | — | — | $1.1M |
| 2010 | 2,544 | $202M | $79,442 | $30.2M | — | $1.1M |
| 2009 | 2,607 | $156M | $60,020 | $27.0M | — | $1.0M |
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$3,155,842,268
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$48,820,987
- Benefits paid$217,836,453
- Administrative expenses$0
- Total expenses$217,836,453
- Net income−$169,015,466
- Net transfers$0
- Net assets, end of year$2,986,826,802
Participants
- Active participants3,413
- Retired or separated, receiving benefits10,999
- Retired or separated, entitled to future benefits11,749
- Total participants, end of year28,131
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 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.
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.
- Master trust investment accounts$2.98B · 99.8%
- Insurance company general account$4.8M · 0.2%
- Receivables$2.3M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCrowe LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
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 related1BBenefits are primarily flat dollar (includes dollars per year of service)1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311400: Fruit & Vegetable Preserving & Specialty Food Mfg.
Other plans of Kraft Heinz Foods Company
| Plan | Participants | Net assets |
|---|---|---|
| Kraft Heinz Savings Plan | 23,069 | $3.92B |
| Kraft Heinz Union Savings Plan | 5,365 | $341M |
| Retirement Plan for Puerto Rico Employees of Kraft Foods Group, Inc. | 320 | $11.2M |
| Louis Rich, Inc. Profit Sharing Plan | 110 | — |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Glaxosmithkline Cash Balance Pension Plan | Glaxosmithkline LLC | 35,701 | $2.90B | $81,255 |
| United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003) | United States Steel Corporation and Affiliated Cos. | 23,108 | $3.91B | $169,042 |
| National Integrated Group Pension Plan | Board of Trustees of National Integrated Group Pension Plan | 46,326 | $1.59B | $34,393 |
| Howmet Aerospace Retirement Plan | Howmet Aerospace Inc. | 12,517 | $678M | $54,178 |
| Bimbo Bakeries USA Consolidated Pension Plan | Bbu, Inc. | 8,784 | $464M | $52,816 |
| Arconic Corp. Pension Plan B | Arconic Corporation | 8,339 | $549M | $65,791 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Kraft Heinz Retirement Plan?
28,131 participants at the end of the plan year ending 31 Dec 2024, of whom 3,413 were active employees, with net assets of $2,986,826,802. 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 Kraft Heinz Foods 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 no provider compensation for the year. Administrative expenses on Schedule H were $0. 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 Kraft Heinz Foods Company. The financial statements were audited by Crowe 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 26 Sep 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 25-0542520, plan 003, received 26 Sep 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.