Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees of Asbestos Workers Local 42 Pension Fund Pension Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
107
Participants Small participant base
85th
Percentile by assets National rank
$336,013
Avg per participant High balance/head
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Official DOL plan name: Asbestos Workers Local 42 Pension Fund · Sponsored by Board of Trustees of Asbestos Workers Local 42 Pension Fund · New Jersey · Other Services

$36M in assets, 107 participants

Board of Trustees of Asbestos Workers Local 42 Pension Fund's Asbestos Workers Local 42 Pension Fund reported $36M in total assets and 107 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,798 in Other Services (8,398 peers)

Coverage in New Jersey

Asbestos Workers Local 42 Pension Fund covers 107 participants in New Jersey, about 13% of the average New Jersey filer (state average ~844 per filing). Assets: $36M.

#7,798
in Other Services (8,398 peers)
-16.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Asbestos Workers Local 42 Pension Fund's outsized position by total assets

Asbestos Workers Local 42 Pension Fund vs every filed plan by assets

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

$35,953,374 Top 15% higher than 85% 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

Asbestos Workers Local 42 Pension Fund 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. Asbestos Workers Local 42 Pension Fund sits mid-pack in the medium band (107 participants).

Plan-year Form 5500 strip

Filing strip 516011235 · Board of Trustees of Asbestos Workers Local 42 Pension Fund PY 2022 · Defined Benefit (Pension)

Asbestos Workers Local 42 Pension Fund · $36M · 107 · 85th

  • 5500 $36M
  • ASSETS 107
  • PCT 85th
  • EIN Defined Benefit (Pension)
  • RANK near Mountain States Employers Council, Inc. Pension Plan and Trust
  • PHOTO ind #7798

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 Other Services retirement plans → · Plans in New Jersey →

Asbestos Workers Local 42 Pension Fund in the asset neighbourhood

Asbestos Workers Local 42 Pension FundAsbestos Workers Local 42 Pe…$36MMountain States Employers Council, Inc. Pension Plan and TrustMountain States Employers Co…$36MMakino Inc. Pension Plan for Management, Office and Technical Employees (Mote)Makino Inc. Pension Plan for…$36MWeyco Group, Inc. Pension PlanWeyco Group, Inc. Pension Pl…$36MGood Samaritan Hospital Pension PlanGood Samaritan Hospital Pens…$36M
End-of-year total assets ($M) among Asbestos Workers Local 42 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New Jersey filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$36M
Net Income-$7M
Employer EIN516011235
Plan Effective Date1959-12-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Asbestos Workers Local 42 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Asbestos Workers Local 42 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$39M 7.734119751876416% vs 2022
2024 filing year
$35M$36M$37M$38M$39M$40M 202220232024 $36M $38.7M ▲ +7.7%
Year Plans Participants Total Assets
2022 1 107 $36M
2023 1 100 $37M
2024 1 104 $39M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

Asbestos Workers Local 42 Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Asbestos Workers Local 42 Pension Fund, Total assets ($B): 0.035953374 · Participants: 107Asbestos Workers Local 42 Pension FundRetirement Plan of Johnson and Johnson, Total assets ($B): 19.833052673 · Participants: 38100Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 14.820156855 · Participants: 102340JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 14.495801 · Participants: 7413Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.277296822 · Participants: 17538The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.941506503 · Participants: 25746Verizon Pension Plan for Associates
Asbestos Workers Local 42 Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Asbestos Workers Local 42 Pension Fund side-by-side with 3 peers →

Asbestos Workers Local 42 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Mountain States Employers Council, Inc. Pension Plan and Trust in CO ($36M); by covered participants it is Cwc Castings Div of Textron Inc Hry-Rated Ees' Pen Plan in RI (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 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 Asbestos Workers Local 42 Pension Fund assets move in 2022? ▼
Asbestos Workers Local 42 Pension Fund declined sharply - down 16.5% during 2022, from $43M to $36M. Reported net income was -$7M.
How have Board of Trustees of Asbestos Workers Local 42 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Asbestos Workers Local 42 Pension Fund's sponsor-wide assets grew 7.7%, from $36M to $39M.
Where does Asbestos Workers Local 42 Pension Fund rank by assets among Form 5500 filers? ▼
Asbestos Workers Local 42 Pension Fund ranks in the 85th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Asbestos Workers Local 42 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mountain States Employers Council, Inc. Pension Plan and Trust in CO ($36M, 113 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Asbestos Workers Local 42 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cwc Castings Div of Textron Inc Hry-Rated Ees' Pen Plan in RI (107 participants, $97M 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 516011235.

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.