Defined Benefit (Pension) · DOL Form 5500 · 2022

Altec Industries, Inc. Pension Plan

Data updated 2026-08-25

$63M
Total assets Below avg plan size
743
Participants Near avg headcount
90th
Percentile by assets National rank
$84,890
Avg per participant Below avg balance/head
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Official DOL plan name: Altec Industries, Inc. Associates' Pension Plan · Sponsored by Altec Industries, Inc. · Alabama · Manufacturing

$63M in assets, 743 participants

Altec Industries, Inc.'s Altec Industries, Inc. Associates' Pension Plan reported $63M in total assets and 743 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #17,489 in Manufacturing (20,602 peers)

Coverage in Alabama

Altec Industries, Inc. Associates' Pension Plan covers 743 participants in Alabama, 2.1x the typical Alabama plan (state average ~360 per filing). Assets: $63M.

#17,489
in Manufacturing (20,602 peers)
-24.7%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Altec Industries, Inc. Associates' Pension Plan's outsized position by total assets

Altec Industries, Inc. Associates' Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$63,073,460 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Altec Industries, Inc. Associates' Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Altec Industries, Inc. Associates' Pension Plan sits mid-pack in the medium band (743 participants).

DOL schedule card

Filing strip 630362926 · Altec Industries, Inc. PY 2022 · Defined Benefit (Pension)

Altec Industries, Inc. Associates' Pension Plan · $63M · 743 · 90th

  • 5500 $63M
  • 5500 743
  • 5500 90th
  • 5500 Defined Benefit (Pension)
  • 5500 near Sheet Metal Workers Local 224 Pension Fund
  • 5500 ind #17489

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Alabama →

Altec Industries, Inc. Associates' Pension Plan in the asset neighbourhood

Acuity Brands, Inc. Legacy Pension PlanAcuity Brands, Inc. Legacy P…$63MSheet Metal Workers Local 224 Pension FundSheet Metal Workers Local 22…$63MAltec Industries, Inc. Associates' Pension PlanAltec Industries, Inc. Assoc…$63MIntl Brotherhood of Elec Work. Loc 58 Sound & CommunicationsIntl Brotherhood of Elec Wor…$63MAccuride Consolidated Employee Pension PlanAccuride Consolidated Employ…$63M
End-of-year total assets ($M) among Altec Industries, Inc. Associates' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Alabama filing particulars

Total Assets (Beginning of Year)$84M
Net Assets (End of Year)$63M
Net Income-$21M
Employer EIN630362926
Plan Effective Date1956-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Altec Industries, Inc.)

Sponsor-wide plan assets over time

All Altec Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.0B 43.102892660556876% vs 2022
2024 filing year
$0.6B$0.7B$0.8B$0.9B$1B$1.1B 202220232024 $0.73B $1.04B ▲ +42.5%
Year Plans Participants Total Assets
2022 2 10,129 $729M
2023 2 9,976 $891M
2024 2 10,117 $1.0B

Nearby Defined Benefit (Pension) Plans in Alabama

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Altec Industries, Inc. Associates' Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. 0100020003000 00.511.5 Total assets ($B) Participants Altec Industries, Inc. Associates' Pension Plan, Total assets ($B): 0.06307346 · Participants: 743Altec Industries, Inc. Associates' Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.234102296 · Participants: 309Regions Financial Corporation Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.700189014 · Participants: 2672Regions Financial Corporation Retirement Plan for AssociatesBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.655441132 · Participants: 2154Blue Cross and Blue Shield of Alabama Retirement PlanVulcan Materials Company Pension Plan, Total assets ($B): 0.502591014 · Participants: 879Vulcan Materials Company Pension PlanAmerican Cast Iron Pipe Company Pension Plan, Total assets ($B): 0.432303132 · Participants: 869American Cast Iron Pipe Company Pension Plan
Altec Industries, Inc. Associates' Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Altec Industries, Inc. Associates' Pension Plan side-by-side with 3 peers →

Altec Industries, Inc. Associates' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Sheet Metal Workers Local 224 Pension Fund in MI ($63M); by covered participants it is Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico in PA (743 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (743 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Altec Industries, Inc. Associates' Pension Plan assets move in 2022? ▼
Altec Industries, Inc. Associates' Pension Plan declined sharply - down 24.7% during 2022, from $84M to $63M. Reported net income was -$21M.
How have Altec Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Altec Industries, Inc.'s sponsor-wide assets grew 43.1%, from $729M to $1.0B.
Where does Altec Industries, Inc. Associates' Pension Plan rank by assets among Form 5500 filers? ▼
Altec Industries, Inc. Associates' Pension Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Altec Industries, Inc. Associates' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sheet Metal Workers Local 224 Pension Fund in MI ($63M, 246 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Altec Industries, Inc. Associates' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico in PA (743 participants, $556M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 630362926.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.