Washington › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Paccar Inc. Retirement Plan
Sponsored by Paccar Inc., Bellevue, WA
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 2025, Paccar Inc. Retirement Plan covered 17,931 participants and held $2.91B in net assets. The plan is a defined benefit pension plan sponsored by Paccar Inc. of Bellevue, Washington.
Net assets came to $143,363 per participant in plan year 2024, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 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.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $4.0M: $222 per participant, below the same-size median of $232. Administrative expenses charged to the plan were $5.9M. 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 $850M in 2009 to $2.91B in 2025 (up 242%), and participants from 13,547 to 17,931 (up 32%).
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, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $143,363 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $214 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.15% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $314 | $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 |
|---|---|---|---|---|---|---|
| 2025 | 17,931 | $2.91B | $162,146 | — | — | $4.0M |
| 2024 | 18,129 | $2.60B | $143,363 | — | — | $3.9M |
| 2023 | 17,907 | $2.46B | $137,379 | — | — | $3.6M |
| 2022 | 16,537 | $2.18B | $131,802 | $0 | — | $3.7M |
| 2021 | 15,517 | $2.85B | $183,573 | $0 | — | $4.5M |
| 2020 | 15,405 | $2.61B | $169,708 | $80.0M | — | $5.5M |
| 2019 | 15,540 | $2.22B | $142,703 | — | — | $5.9M |
| 2018 | 15,072 | $1.86B | $123,247 | — | — | $5.7M |
| 2017 | 14,166 | $2.05B | $144,644 | $120M | — | $5.6M |
| 2016 | 13,536 | $1.68B | $124,164 | $125M | — | $5.0M |
| 2015 | 14,183 | $1.46B | $103,156 | $50.0M | — | $5.3M |
| 2014 | 15,646 | $1.53B | $97,483 | $50.0M | — | $4.6M |
| 2013 | 16,390 | $1.36B | $83,108 | — | — | $4.2M |
| 2012 | 15,597 | $1.24B | $79,195 | $100M | — | $3.7M |
| 2011 | 16,554 | $1.01B | $61,307 | $50.0M | — | $2.9M |
| 2010 | 13,446 | $940M | $69,876 | — | — | $2.2M |
| 2009 | 13,547 | $850M | $62,736 | — | — | $1.7M |
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$2,599,035,110
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$391,428,062
- Benefits paid$77,117,072
- Administrative expenses$5,911,969
- Total expenses$83,029,041
- Net income$308,399,021
- Net transfers$0
- Net assets, end of year$2,907,434,131
Participants
- Active participants9,685
- Retired or separated, receiving benefits4,641
- Retired or separated, entitled to future benefits2,918
- Total participants, end of year17,931
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Russell Investments Trust Company | Trustee (directed); Investment management | $1,557,731 | $0 |
| Pimco | Investment management | $672,386 | $0 |
| BlackRock | Investment management | $520,367 | $0 |
| Northern Trust Investments, Inc. | Investment management | $404,832 | $0 |
| Dimensional Fund Advisors | Investment management | $212,526 | $0 |
| Fidelity | Investment management | $200,237 | $0 |
| Hewitt | Recordkeeping and information management | $128,559 | $0 |
| The Berwyn Group | Other services | $116,197 | $0 |
| Milliman, Inc. | Actuarial; Recordkeeping and information management | $103,889 | $0 |
| Ernst and Young | Accounting (including auditing) | $51,000 | $0 |
| Lexisnexis Risk Solutions FL Inc. | Other services | $13,133 | $0 |
| BNP Paribas S.A. | Other services | $5,504 | $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
- Investment advisory and management fees$2,381,713
- Other administrative expenses$1,930,386
- Trustee and custodial fees$1,444,253
- Actuarial fees$104,617
- IQPA audit fees$51,000
- Total administrative expenses$5,911,969
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.
- Common/collective trusts$2.22B · 72.0%
- Corporate debt instruments$313M · 10.2%
- U.S. Government securities$297M · 9.6%
- Registered investment companies (mutual funds)$151M · 4.9%
- Receivables$63.5M · 2.1%
- Other investments$31.1M · 1.0%
- Other loans$4.6M · 0.1%
- Cash (interest and non-interest bearing)$719K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $50,000,000
- 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
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 Paccar Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Paccar Inc. Savings Investment Plan | 13,106 | $3.06B |
| Peterbilt Nashville - Local 1832 UAW Retirement | 816 | $83.0M |
Similar plans in Washington
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Weyerhaeuser Pension Plan | Weyerhaeuser Company | 19,501 | $1.48B | $75,911 |
| Western Metal Industry Pension Plan | Board of Trustees, Western Metal Industry Pension Plan | 13,512 | $1.05B | $77,564 |
| Gciu - Employer Retirement Benefit Plan | Board of Trustees Gciu-Employer Retirement Benefit Plan | 37,126 | $1.76B | $47,389 |
| Northwest Glass, Molders, Pottery, Plastics and Allied Workers Pension Plan | Bot, N.W. GMP & Allied Workers Pension Plan | 2,096 | $87.6M | $41,791 |
| Western Glaziers Retirement Plan | Board of Trustees, Western Glaziers Retirement Plan | 1,757 | $414M | $235,434 |
| Clearwater Paper Hourly Retirement Plan | Clearwater Paper Corporation | 1,504 | $103M | $68,232 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Paccar Inc. Retirement Plan?
17,931 participants at the end of the plan year ending 31 Dec 2025, of whom 9,685 were active employees, with net assets of $2,907,434,131. 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 Paccar 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 $3,986,361 in compensation to service provider organisations, $222 per participant or 0.14% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $5,911,969. 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 Paccar Inc.. Recordkeeping or administration: Hewitt and Milliman, Inc.. Investment advisory or management: Russell Investments Trust Company, Pimco and BlackRock. Trustee or custodian: Russell Investments Trust Company. The financial statements were audited by Ernst & Young 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 2025 to 31 Dec 2025, received by the Department of Labor on 20 Jul 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 Aug 2026. This page shows the latest filing on record for EIN 91-0351110, plan 001, received 20 Jul 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.