Pennsylvania › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
FMC Corporation Employees' Retirement Program
Sponsored by FMC Corporation, Philadelphia, PA
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, FMC Corporation Employees' Retirement Program covered 7,924 participants and held $958M in net assets. The plan is a defined benefit pension plan sponsored by FMC Corporation of Philadelphia, Pennsylvania.
Net assets came to $120,951 per participant, 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 10 service provider organisations paid $5,000 or more, with reported compensation of $4.1M: $521 per participant, well above the same-size median of $232. 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 $788M in 2009 to $958M in 2024 (up 22%), and participants from 12,497 to 7,924 (down 37%).
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 | $120,951 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $521 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $688 | $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 | 7,924 | $958M | $120,951 | — | — | $4.1M |
| 2023 | 8,292 | $1.04B | $125,064 | — | — | $4.1M |
| 2022 | 8,532 | $1.04B | $121,872 | — | — | $4.2M |
| 2021 | 8,769 | $1.37B | $155,940 | — | — | $4.5M |
| 2020 | 9,013 | $1.48B | $163,764 | — | — | $4.5M |
| 2019 | 9,242 | $1.39B | $149,873 | — | — | $4.5M |
| 2018 | 9,458 | $1.27B | $134,372 | $7.0M | — | $4.4M |
| 2017 | 9,648 | $1.36B | $141,363 | $30.0M | — | $9.2M |
| 2016 | 9,906 | $1.25B | $125,785 | $44.0M | — | $8.6M |
| 2015 | 11,063 | $1.24B | $111,953 | $35.0M | — | $8.6M |
| 2014 | 11,139 | $1.32B | $118,409 | $71.0M | — | $8.6M |
| 2013 | 11,700 | $1.24B | $105,587 | $44.0M | — | $7.9M |
| 2012 | 12,135 | $1.02B | $84,300 | $40.2M | — | $7.0M |
| 2011 | 12,175 | $918M | $75,365 | $77.8M | — | $6.5M |
| 2010 | 12,341 | $884M | $71,593 | $42.0M | — | $7.1M |
| 2009 | 12,497 | $788M | $63,034 | $80.0M | — | $6.3M |
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$1,037,028,224
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$9,006,217
- Benefits paid$82,167,381
- Administrative expenses$5,450,886
- Total expenses$87,618,267
- Net income−$78,612,050
- Net transfers$0
- Net assets, end of year$958,416,174
Participants
- Active participants74
- Retired or separated, receiving benefits5,493
- Retired or separated, entitled to future benefits1,073
- Total participants, end of year7,924
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Consulting Inc. | Actuarial; Plan Administrator; Investment advisory (plan) | $1,665,154 | $0 |
| Nisa Investment Advisors | Investment management | $526,165 | $0 |
| Pacific Investment Management | Investment management | $521,259 | $0 |
| Pgim, Inc. | Investment management | $467,755 | $0 |
| Wellington Group Holdings LLP | Investment management | $431,662 | $0 |
| Bank of New York Mellon | Custodial (other than securities); Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $419,355 | $0 |
| Mitchell & Titus | Accounting (including auditing) | $56,336 | $0 |
| Tempo Holding Company, LLC | Plan Administrator; Consulting (pension) | $22,450 | $0 |
| Pension Benefit Information | Recordkeeping and information management | $12,965 | $0 |
| Kate Ranalli LLC | Consulting (pension) | $5,500 | $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$3,137,983
- Investment advisory and management fees$1,946,841
- Trustee and custodial fees$365,266
- Legal fees$796
- Total administrative expenses$5,450,886
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.
- Corporate debt instruments$589M · 54.1%
- U.S. Government securities$274M · 25.2%
- Insurance company general account$105M · 9.6%
- Receivables$68.1M · 6.3%
- Registered investment companies (mutual funds)$52.0M · 4.8%
- Cash (interest and non-interest bearing)$847K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMitchell and Titus, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $15,000,000
- 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)3FPlan 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 339900: Other Miscellaneous Mfg.
Other plans of FMC Corporation
| Plan | Participants | Net assets |
|---|---|---|
| FMC Corporation Savings and Investment Plan | 2,276 | $677M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico | Viatris Pharmaceuticals LLC | 7,954 | $604M | $75,946 |
| Employees Retirement Plan of Hajoca Corporation | Hajoca Corporation | 7,828 | $483M | $61,705 |
| Arconic Corp. Pension Plan B | Arconic Corporation | 8,339 | $549M | $65,791 |
| Vought Aircraft Industries, Inc. Hourly Retirement Plan | Triumph Group, Inc. | 7,240 | $1.15B | $159,269 |
| Bimbo Bakeries USA Consolidated Pension Plan | Bbu, Inc. | 8,784 | $464M | $52,816 |
| Pension Plan for Employees of SKF USA Inc. | SKF USA Inc. | 6,881 | $614M | $89,163 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is FMC Corporation Employees' Retirement Program?
7,924 participants at the end of the plan year ending 31 Dec 2024, of whom 74 were active employees, with net assets of $958,416,174. 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 FMC Corporation 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 $4,128,601 in compensation to service provider organisations, $521 per participant or 0.43% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $5,450,886. 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 FMC Corporation. Recordkeeping or administration: Aon Consulting Inc., Tempo Holding Company, LLC and Pension Benefit Information. Investment advisory or management: Aon Consulting Inc., Nisa Investment Advisors and Pacific Investment Management. Trustee or custodian: Bank of New York Mellon. The financial statements were audited by Mitchell and Titus, 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 19 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 94-0479804, plan 047, received 19 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.