Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
SKF USA INC.
EIN 23-1043740ManufacturingLatest filing 2024
Plans
6
Retirement
3
$1.51B assets
Welfare
3
$9.9M premiums
Participants
17,101
801 LAKEVIEW DR., SUITE 120 - BLUE BELL, PA 19422267-436-6875skfextranet.comLinkedIn1001-5000 employees
Retirement portfolio analytics
3 plans aggregated / $1.51B assets / 11,741 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
59%top
- THE VANGUARD GROUP, INC.59%
- (Not disclosed)41%
Participants by plan
Active + retired + deferred vested
- SKF USA INC. (#001)6,881
Benefits portfolio analytics
3 plans / $9.9M premiums / 22,074 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Life$9.5M
- Other$7.5M
- Short-term disability$7.4M
- Long-term disability$7.4M
- Vision$269K
Carrier market share
Premium dollars by Schedule A carrier
97%top
- METROPOLITAN LIFE INSURANCE COMPANY97%
- VISION SERVICE PLAN3%
- BERKLEY LIFE AND HEALTH INSURANCE COMPANY0%
Broker market share
Schedule A broker compensation
100%top
- LOCKTON COMPANIES, LLC100%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#005
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN
401k
Assets$816.0M
Participants3,656
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
PENSION PLAN FOR EMPLOYEES OF SKF USA INC.
TraditionalDB
Assets$613.5M
Participants6,881
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#015
SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES
401k
Assets$80.2M
Participants1,204
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501
SKF FLEX BENEFIT PLAN
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$4.3M
Covered lives7,358
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#502
SKF USA INC. UNION WELFARE PLAN
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$3.5M
Covered lives7,358
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#503
SKF SALARIED RETIREE BENEFIT PLAN
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$2.1M
Covered lives7,358
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans3
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 005 | SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN | 401k | $816.0M | 3,656 | 2024 | |
| 001 | PENSION PLAN FOR EMPLOYEES OF SKF USA INC. | TraditionalDB | $613.5M | 6,881 | 2024 | |
| 015 | SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN FOR UNION EMPLOYEES | 401k | $80.2M | 1,204 | 2024 |
Welfare plans3
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 501 | SKF FLEX BENEFIT PLAN | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $4.3M | 7,358 | 2024 | |
| 502 | SKF USA INC. UNION WELFARE PLAN | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $3.5M | 7,358 | 2024 | |
| 503 | SKF SALARIED RETIREE BENEFIT PLAN | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $2.1M | 7,358 | 2024 |
Retirement plans
Welfare plans