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What is AO Smith retirement plan?

AO Smith Retirement Plan is a single-employer defined benefit corporate pension based in Milwaukee, Wisconsin. Established in 1947, the plan provides benefits to eligible employees after completion of a specified number of years of service upon normal or early retirement.

When will AO Smith's pension plan be completed?

The settlement of liabilities in the plan will be completed by the end of 2022, according to the new filing. As of Dec. 31, the company's pension plan assets totaled $826 million, while projected benefit obligations totaled $842 million, for a funding ratio of 98.1%, according to A.O. Smith's 10-K filing with the SEC Friday.

Who is A.O. Smith?

A.O. Smith is a retired Chairman and CEO of A.O. Smith Corporation, a global water technology company and manufacturer of residential and commercial water heating equipment.

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