Defined Benefit (Pension) · DOL Form 5500 · 2022

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

Data updated 2026-08-11

$36M
Total assets
107
Participants
85th
Percentile by assets
$336,013
Avg per participant
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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.

  • 85th percentile by assets (of 139,126 plans)
  • #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.

$36M
total plan assets (2022 EOY)
107
covered participants
85th
percentile by assets (of 139,126 plans)
$336,013
avg assets per participant

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.

Where Asbestos Workers Local 42 Pension Fund sits 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 $2,010,000,000 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

State
New Jersey
Industry
Other Services

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Asbestos Workers Local 42 Pension Fund reports 107 participants - about 13% of that state average ($36M EOY assets).

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)

$35M$36M$37M$38M$39M$40M 202220232024 $36M $38.7M ▲ +7.7%
Total plan assets by year, all Board of Trustees of Asbestos Workers Local 42 Pension Fund plans on file
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 ($B) Participants Asbestos Workers Loc…, Total assets ($B): 0.035953374 · Participants: 107Asbestos Workers Loc…Retirement Plan of J…, Total assets ($B): 19.833052673 · Participants: 38100Retirement Plan of J…JPMorgan Chase Retir…, Total assets ($B): 14.820156855 · Participants: 102340JPMorgan Chase Retir…Nokia Retirement Inc…, Total assets ($B): 14.495801 · Participants: 7413Nokia Retirement Inc…The Prudential Merge…, Total assets ($B): 12.277296822 · Participants: 17538The Prudential Merge…Verizon Pension Plan…, Total assets ($B): 10.941506503 · Participants: 25746Verizon Pension Plan…
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 →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Asbestos Workers Local 42 Pension Fund by total assets, not by location.

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).

Next read for Asbestos Workers Local 42 Pension Fund

Filing takeaways

Ways to act on Asbestos Workers Local 42 Pension Fund's numbers.

  • By total assets, Asbestos Workers Local 42 Pension Fund ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
  • Board of Trustees of Asbestos Workers Local 42 Pension Fund's sponsor-wide assets have grown 7.7% since 2022 across 3 plan years on file. More Other Services plans

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.