Texas › Manufacturing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Caterpillar Global Mining Legacy Hourly Employees' Pension Plan
Sponsored by Caterpillar Inc., Irving, TX
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, Caterpillar Global Mining Legacy Hourly Employees' Pension Plan covered 732 participants and held $46.0M in net assets. The plan is a cash balance pension plan sponsored by Caterpillar Inc. of Irving, Texas.
Net assets came to $62,801 per participant, well below the $86,583 median for defined benefit plans with 500 to 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.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $86K: $118 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $173K. 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 $64.5M in 2012 to $46.0M in 2024 (down 29%), and participants from 1,610 to 732 (down 55%).
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 | $62,801 | $86,583 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $6,915 | $10,244 |
| Schedule C compensation per participant | $118 | $377 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.19% | 0.48% | 0.47% | 0.42% |
| Administrative expenses per participant | $236 | $591 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 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 | 732 | $46.0M | $62,801 | — | — | $86K |
| 2023 | 796 | $49.8M | $62,573 | — | — | $114K |
| 2022 | 847 | $49.0M | $57,894 | — | — | $85K |
| 2021 | 897 | $68.4M | $76,245 | — | — | $83K |
| 2020 | 950 | $70.4M | $74,067 | — | — | $74K |
| 2019 | 997 | $64.6M | $64,780 | — | — | $75K |
| 2018 | 1,045 | $57.5M | $54,994 | — | — | $77K |
| 2017 | 1,116 | $65.8M | $58,995 | — | — | $90K |
| 2016 | 1,159 | $61.5M | $53,021 | — | — | $111K |
| 2015 | 1,241 | $61.8M | $49,773 | — | — | $113K |
| 2014 | 1,233 | $68.5M | $55,561 | — | — | $140K |
| 2013 | 1,351 | $69.5M | $51,466 | — | — | $129K |
| 2012 | 1,610 | $64.5M | $40,060 | $3.0M | — | $156K |
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$49,808,232
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$417,092
- Benefits paid$4,082,437
- Administrative expenses$172,552
- Total expenses$4,254,989
- Net income−$3,837,897
- Net transfers$0
- Net assets, end of year$45,970,335
Participants
- Active participants108
- Retired or separated, receiving benefits358
- Retired or separated, entitled to future benefits160
- Total participants, end of year732
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| PricewaterhouseCoopers LLP | Accounting (including auditing) | $59,100 | $0 |
| Alight Solutions LLC | Recordkeeping and information management | $27,226 | $0 |
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
- Other administrative expenses$81,707
- IQPA audit fees$59,100
- Recordkeeping fees$27,226
- Contract administrator fees$4,519
- Total administrative expenses$172,552
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$46.0M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmPricewaterhouseCoopers LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $45,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)1CCash balance or similar plan1IFrozen plan3FPlan sponsor(s) received services of leased employees3HPlan 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 333100: Agriculture, Construction, & Mining Machinery Mfg.
Other plans of Caterpillar Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Caterpillar 401(k) Savings Plan | 59,937 | $23.0B |
| Caterpillar Inc. Retirement Income Plan | 38,251 | $9.19B |
| Caterpillar Inc. Non-Contributory Pension Plan | 23,789 | $2.37B |
| Caterpillar Inc. Tax Deferred Retirement Plan | 9,341 | $912M |
| Caterpillar Global Mining Legacy Hourly Employees' Savings Plan | 462 | $55.7M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Lennox Industries Inc. Pension Plan for Bu Ees - Lennox MFG Inc. | Lennox Industries Inc. | 759 | $54.4M | $71,705 |
| Vopak North America Inc. Retirement Plan | Vopak North America Inc. | 728 | $134M | $184,069 |
| Darling Ingredients Inc. Salaried Employees' Retirement Plan | Darling Ingredients Inc. | 769 | $81.1M | $105,474 |
| Sanden International U.S.A., Inc. Pension Plan | Sanden International U.S.A., Inc. | 720 | $41.7M | $57,887 |
| Pension Plan for Nylon Employees | Ascend Performance Materials Holdings Inc. | 791 | $77.3M | $97,717 |
| Sulzer Pumps (US) Inc. Retirement Plan | Sulzer Pumps (US) Inc. | 701 | $40.8M | $58,274 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Caterpillar Global Mining Legacy Hourly Employees' Pension Plan?
732 participants at the end of the plan year ending 31 Dec 2024, of whom 108 were active employees, with net assets of $45,970,335. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Caterpillar Inc. 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 $86,326 in compensation to service provider organisations, $118 per participant or 0.19% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $172,552. 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 Caterpillar Inc.. Recordkeeping or administration: Alight Solutions LLC. The financial statements were audited by PricewaterhouseCoopers 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 27 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 37-0602744, plan 039, received 27 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.