A planet carrier assembly has a plurality of pinion gears rotatably mounted on pinion pins, each pin having a slot formed thereon. A locator ring is assembled onto the pinion pins and rotated in a manner such that the locator ring engages the slots in the pinion pins and a plurality of tabs and protuberances engage complementary components formed on a housing member of the planet carrier assembly. The locator ring ensures both axial and rotational positioning of the pinion pins within the planet carrier housing.