North Carolina › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Abb Inc. Merged Pension Plan
Sponsored by Abb Inc., Cary, NC
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.
Abb Inc. Merged Pension Plan is a cash balance pension plan sponsored by Abb Inc. of Cary, North Carolina. For the plan year ending 30 Nov 2025 it reported 10,770 participants, 1,966 of them active, and net assets of $713M.
Net assets came to $66,184 per participant, well below the $87,332 median for defined benefit plans with 5,000 to 24,999 participants and close to the $68,040 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 $8.3M for the year ($4,222 per active participant) and benefits paid were $57.2M. 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.
Schedule C lists 13 service provider organisations paid $5,000 or more, with reported compensation of $3.2M: $293 per participant, well above the same-size median of $233. Administrative expenses charged to the plan were $5.5M. 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 $162M in 2022 to $713M in 2024 (up 339%), and participants from 3,923 to 10,770 (up 175%).
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 | $66,184 | $87,332 | $68,040 | $86,073 |
| Employer contributions per active participant | $4,222 | $9,482 | $6,912 | $10,170 |
| Schedule C compensation per participant | $293 | $233 | $305 | $344 |
| Schedule C compensation, share of net assets | 0.44% | 0.30% | 0.48% | 0.43% |
| Administrative expenses per participant | $509 | $397 | $499 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (660 plans), manufacturing (1,556) and all US plans (5,366). 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 | 10,770 | $713M | $66,184 | $8.3M | — | $3.2M |
| 2023 | 11,242 | $698M | $62,115 | $17.3M | — | $4.6M |
| 2022 | 3,923 | $162M | $41,418 | $3.3M | — | $885K |
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$698,301,000
- Employer contributions$8,300,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$8,300,000
- Total income, including investment results$77,194,000
- Benefits paid$57,208,000
- Administrative expenses$5,483,000
- Total expenses$62,691,000
- Net income$14,503,000
- Net transfers$0
- Net assets, end of year$712,804,000
Participants
- Active participants1,966
- Retired or separated, receiving benefits3,796
- Retired or separated, entitled to future benefits3,906
- Total participants, end of year10,770
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Contract Administrator | $976,688 | $0 |
| Willis Towers Watson US LLC | Actuarial; Consulting (pension) | $580,535 | $0 |
| Dodge & Cox | Investment advisory (plan); Investment management | $333,202 | $0 |
| Wellington Trust Company N.A. | Investment advisory (plan) | $287,574 | $0 |
| Muzinich & C0., Inc. | Investment advisory (plan); Investment management | $247,664 | $0 |
| Neuberger Berman Inv. Advisors LLC | Investment advisory (plan); Investment management | $171,660 | $0 |
| Faegre, Drinker & Biddle LLP | Legal | $154,031 | $0 |
| The Bank of New York Mellon | Trustee (bank, trust company, or similar financial institution) | $105,335 | $0 |
| Mercer | Consulting (pension) | $102,709 | $0 |
| Towers Watson Investment Services | Consulting (pension); Investment management | $67,928 | $0 |
| Grant Thornton | Accounting (including auditing) | $63,884 | $0 |
| Vanguard Investments | Direct payment from the plan; Investment management fees paid directly by plan | $37,099 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 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$2,434,472
- Investment advisory and management fees$1,145,127
- Recordkeeping fees$999,616
- Actuarial fees$580,535
- Legal fees$154,031
- Trustee and custodial fees$105,335
- IQPA audit fees$63,884
- Total administrative expenses$5,483,000
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$713M · 100.0%
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, $20,000,000
- 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 related1BBenefits are primarily flat dollar (includes dollars per year of service)1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 335900: Other Electrical Equipment & Component Mfg.
Other plans of Abb Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Abb Inc. Retirement Savings Plan | 20,633 | $3.30B |
| Abb Inc. Pension Plan of Fischer & Porter Company | 865 | $31.6M |
Similar plans in North Carolina
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Trane Merged Hourly Pension Plan | Trane U.S. Inc. | 13,180 | $726M | $55,057 |
| Jeld-Wen, Inc. Restated Pension Plan | Jeld-Wen, Inc. | 8,901 | $262M | $29,448 |
| Trane Technologies Pension Plan Number One B | Trane Technologies Company LLC | 20,281 | $776M | $38,263 |
| VF Corporation Pension Plan | VF Corporation | 7,019 | $905M | $128,968 |
| Honeywell Retirement Earnings Plan | Honeywell International Inc. | 93,364 | $16.6B | $177,562 |
| Reynolds and Affiliates Pension Plan | Reynolds American Inc. | 6,241 | $2.24B | $359,710 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Abb Inc. Merged Pension Plan?
10,770 participants at the end of the plan year ending 30 Nov 2025, of whom 1,966 were active employees, with net assets of $712,804,000. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 660 plans in plan year 2024.
What does Abb Inc. contribute per participant?
The filing reports $8,300,000 in employer contributions for the year, which is $4,222 per active participant; the median for plans of the same type and size was $9,482 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 $3,151,237 in compensation to service provider organisations, $293 per participant or 0.44% of net assets. The same-size median among plans reporting any Schedule C compensation was $233 per participant. Administrative expenses on Schedule H were $5,483,000. 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 Abb Inc.. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Dodge & Cox, Wellington Trust Company N.A. and Muzinich & C0., Inc.. Trustee or custodian: The Bank of New York Mellon. 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 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 14 Sep 2026. 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 Sep 2026. This page shows the latest filing on record for EIN 36-3100018, plan 306, received 14 Sep 2026; 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.