Plan Ledger DOL Form 5500 · updated monthly

Howmet Aerospace Inc.401(k) + ESOP (KSOP)

HOWMET AEROSPACE SALARIED RETIREMENT SAVINGS PLAN · PITTSBURGH, PA · plan year 2024

Employer contribution per participant · 2024
$9,205

Howmet Aerospace Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,078,305,326 across 5,015 participant accounts, with employer contributions averaging $9,205 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 71st-largest of 3,651 plans among Pennsylvania employers on file, and the 313th of 13,661 in manufacturing. In 2024, employees put in $1.10 for every $1.00 the employer contributed; active participation has grown from 2,895 to 3,362 since 2022.

Plan summary
Net assets, end of year$1,078,305,326
Participants with balances5,015
Active participants3,362
Employer contributions$30,948,476
Employee contributions$33,905,526
Employer contribution per active participant$9,205
Average account balance$215,016
Benefits paid to participants$158,690,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 5,015 accts · $30.9M emplr
2023$988.1M · 5,027 accts · $28.0M emplr
2022$877.8M · 4,789 accts · $25.6M emplr
The Howmet Aerospace Inc. 401(k) match · 2024
Employer contribution per active participant$9,205
Median for plans this size$5,259
2024$9,205 per active participant
2023$8,637 per active participant
2022$8,848 per active participant

Howmet Aerospace Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
HOWMET AEROSPACE SALARIED RETIREMENT SAVINGS PLAN401(k) + ESOP (KSOP)
HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN401(k) + ESOP (KSOP)
Same employer
Similar plansManufacturing · Pennsylvania
Coherent Corp. PA$1.2B · 0.03%
Cslb Holdings Inc. PA$1.2B · 0.07%
Mylan Inc. PA$1.2B · 0.00%
B. Braun Medical Inc. PA$977.3M · 0.08%
Essity North America PA$912.8M · 0.02%
Triumph Group, Inc. PA$848.3M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 250317820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.