New York › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Sumitomo Rubber USA, LLC 1950 Pension Plan
Sponsored by Sumitomo Rubber USA, LLC, Buffalo, 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.
Sumitomo Rubber USA, LLC of Buffalo, New York sponsors Sumitomo Rubber USA, LLC 1950 Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 2,882 participants (378 active) and $329M in net assets.
Net assets came to $114,192 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 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 $115M in 2010 to $329M in 2024 (up 185%), and participants from 1,831 to 2,882 (up 57%).
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 | $114,192 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | — | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | — | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | — | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 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 | 2,882 | $329M | $114,192 | — | — | $0 |
| 2023 | 1,208 | $141M | $117,007 | — | — | $0 |
| 2022 | 1,235 | $141M | $114,214 | — | — | $0 |
| 2021 | 1,303 | $194M | $149,190 | — | — | $0 |
| 2020 | 1,354 | $209M | $154,400 | — | — | $0 |
| 2019 | 1,411 | $201M | $142,326 | — | — | $0 |
| 2018 | 1,448 | $182M | $125,408 | $1.3M | — | $0 |
| 2017 | 1,503 | $205M | $136,094 | $3.0M | — | $0 |
| 2016 | 1,555 | $196M | $125,800 | $6.0M | — | $0 |
| 2015 | 1,597 | $189M | $118,088 | $4.0M | — | $0 |
| 2014 | 1,738 | $204M | $117,541 | — | — | $0 |
| 2013 | 1,776 | $195M | $109,552 | $61.0M | — | $0 |
| 2012 | 1,794 | $137M | $76,358 | $10.5M | — | $0 |
| 2011 | 1,816 | $120M | $65,819 | $12.9M | — | $0 |
| 2010 | 1,831 | $115M | $63,018 | $9.2M | — | $0 |
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$141,344,970
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$3,022,271
- Benefits paid$10,312,525
- Administrative expenses$0
- Total expenses$10,312,525
- Net income−$7,290,254
- Net transfers$195,045,844
- Net assets, end of year$329,100,560
Participants
- Active participants378
- Retired or separated, receiving benefits1,780
- Retired or separated, entitled to future benefits294
- Total participants, end of year2,882
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$329M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBober Markey Fedorovich & Company
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 326200: Rubber Product Mfg.
Other plans of Sumitomo Rubber USA, LLC
| Plan | Participants | Net assets |
|---|---|---|
| Sumitomo Rubber USA, LLC Employee Savings Plan for Bargaining Unit Employees | 1,472 | $140M |
| Sumitomo Rubber USA LLC Employee Savings Plan for Salaried Employees | 578 | $69.0M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| LVMH Affiliates' Retirement Plan | LVMH Moet Hennessy Louis Vuitton Inc. | 3,016 | $311M | $102,992 |
| Ala Lithographic Industry Pension Plan | Board of Trustees Ala Lithographic Industry Pension Plan | 2,345 | −$103M | — |
| Chanel, Inc. Pension Plan | Chanel Inc. | 3,077 | $376M | $122,242 |
| Moog Inc. Employees' Retirement Plan | Moog Inc. | 2,274 | $477M | $209,868 |
| Retirement Pension Plan for Employees of JPS Industries Holdings LLC | JPS Industries Holdings LLC | 3,386 | $56.7M | $16,733 |
| Upstate New York Bakery Drivers and Industry Pension Fund | Trustees of the Upstate New York Bakery Drivers and Industry Pension F | 2,265 | $105M | $46,245 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Sumitomo Rubber USA, LLC 1950 Pension Plan?
2,882 participants at the end of the plan year ending 31 Dec 2024, of whom 378 were active employees, with net assets of $329,100,560. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Sumitomo Rubber USA, LLC 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 Sumitomo Rubber USA, LLC. The financial statements were audited by Bober Markey Fedorovich & Company. 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 14 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 34-1899137, plan 002, received 14 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.