Illinois › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
International Motors, LLC Hourly Employees Pension Plan No. 1
Sponsored by International Motors, LLC, Lisle, IL
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.
International Motors, LLC of Lisle, Illinois sponsors International Motors, LLC Hourly Employees Pension Plan No. 1, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 11,121 participants (738 active) and $713M in net assets.
Net assets came to $64,149 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and below 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.
Employer contributions were $29.4M for the year ($39,837 per active participant) and benefits paid were $93.0M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
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 $794K.
Across the filings on record, net assets went from $5.1M in 2017 to $713M in 2024 (up 13899%), and participants from 464 to 11,121 (up 2297%).
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 | $64,149 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | $39,837 | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | — | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | — | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $71.37 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 11,121 | $713M | $64,149 | $29.4M | — | $0 |
| 2023 | 11,395 | $741M | $65,035 | $14.0M | — | $0 |
| 2022 | 11,593 | $754M | $65,045 | — | — | $0 |
| 2021 | 11,892 | $1.01B | $84,703 | $18.1M | — | $0 |
| 2020 | 12,197 | $962M | $78,876 | $27.9M | — | $0 |
| 2019 | 12,507 | $952M | $76,096 | $118M | — | $0 |
| 2018 | 23,947 | $975M | $40,731 | $76.5M | — | $635K |
| 2017 | 464 | $5.1M | $10,983 | $1.0M | — | $17K |
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$741,079,082
- Employer contributions$29,400,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$29,400,000
- Total income, including investment results$66,083,463
- Benefits paid$92,967,594
- Administrative expenses$793,748
- Total expenses$93,761,342
- Net income−$27,677,879
- Net transfers$0
- Net assets, end of year$713,401,203
Participants
- Active participants738
- Retired or separated, receiving benefits6,689
- Retired or separated, entitled to future benefits1,184
- Total participants, end of year11,121
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.
Administrative expenses on Schedule H
- Investment advisory and management fees$333,141
- Other administrative expenses$284,735
- Trustee and custodial fees$135,799
- Other trustee fees and expenses$30,321
- Recordkeeping fees$9,752
- Total administrative expenses$793,748
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$703M · 98.6%
- Receivables$10.3M · 1.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmGrant Thornton LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- 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 related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 336100: Motor Vehicle Mfg.
Other plans of International Motors, LLC
| Plan | Participants | Net assets |
|---|---|---|
| International Motors, LLC 401(k) Retirement Plan | 7,744 | $1.77B |
| International Motors, LLC Hourly Employees Pension Plan No. 2 | 7,644 | $119M |
| International Motors, LLC 401(k) Plan for Represented Employees | 3,502 | $242M |
| International Motors, LLC Salaried Employees Pension Plan | 2,634 | $408M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Midwest Pension Plan | Board of Trustees - Midwest Pension Plan | 11,287 | $130M | $11,516 |
| Adm Retirement Plan | Archer Daniels Midland Company | 10,901 | $667M | $61,219 |
| United Food and Commercial Workers Local 1546 Pension Plan | Board of Trustees of United Food & Commercial WKRS Local 1546 Pension | 12,224 | $217M | $17,763 |
| Kellanova Pension Plan | Kellanova | 10,654 | $1.20B | $112,383 |
| Adm Pension Plan for Hourly-Wage Employees | Archer Daniels Midland Company | 13,063 | $251M | $19,234 |
| Cleveland-Cliffs Steel LLC Pension Plan | Cleveland-Cliffs Steel LLC | 10,492 | $2.00B | $190,441 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is International Motors, LLC Hourly Employees Pension Plan No. 1?
11,121 participants at the end of the plan year ending 31 Dec 2024, of whom 738 were active employees, with net assets of $713,401,203. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does International Motors, LLC contribute per participant?
The filing reports $29,400,000 in employer contributions for the year, which is $39,837 per active participant; the median for plans of the same type and size was $9,468 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
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 $793,748. 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 International Motors, LLC. The financial statements were audited by Grant Thornton 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 10 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 36-1264810, plan 038, received 10 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.