Defined Benefit (Pension) · DOL Form 5500 · 2022

Asbestos Workers Local Union No 55 Pension Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
49
Participants Small participant base
69th
Percentile by assets National rank
$250,827
Avg per participant Above avg balance/head
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Official DOL plan name: Asbestos Workers Local Union No 55 Pension Plan · Sponsored by Asbestos Workers Local Union No 55 · Alabama · Construction

$12M in assets, 49 participants

Asbestos Workers Local Union No 55's Asbestos Workers Local Union No 55 Pension Plan reported $12M in total assets and 49 participants in its 2022 DOL Form 5500 filing, ranking in the 69th 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.

  • #6,811 in Construction (9,927 peers)

Asbestos Workers Local Union No 55 multi-year trail

Asbestos Workers Local Union No 55's plans moved +18.8% in assets from 2022 to 2024; this filing shows Asbestos Workers Local Union No 55 Pension Plan at $12M / 49 participants.

#6,811
in Construction (9,927 peers)
-20.1%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Asbestos Workers Local Union No 55 Pension Plan's outsized position by total assets

Asbestos Workers Local Union No 55 Pension Plan vs every filed plan by assets

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

$12,290,532 Top 31% higher than 69% 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 Union No 55 Pension Plan among smaller 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 Union No 55 Pension Plan is a small filing (49 participants) on this national headcount ladder.

DOL schedule card

Filing strip 630474674 · Asbestos Workers Local Union No 55 PY 2022 · Defined Benefit (Pension)

Asbestos Workers Local Union No 55 Pension Plan · $12M · 49 · 69th

  • 5500 $12M
  • 5500 49
  • 5500 69th
  • 5500 Defined Benefit (Pension)
  • 5500 near The Farmers Bank Defined Benefit Pension Plan
  • 5500 ind #6811

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 Construction retirement plans → · Plans in Alabama →

Asbestos Workers Local Union No 55 Pension Plan in the asset neighbourhood

Asbestos Workers Local Union No 55 Pension PlanAsbestos Workers Local Union…$12MThe Farmers Bank Defined Benefit Pension PlanThe Farmers Bank Defined Ben…$12MStar Manufacturing Salaried & Non-Union Hourly Employees Defined Benefit Pension PlanStar Manufacturing Salaried …$12MUnion League Club Employees Retirement PlanUnion League Club Employees …$12MLorain County Printing & Publishing Employees Retirement PlanLorain County Printing & Pub…$12M
End-of-year total assets ($M) among Asbestos Workers Local Union No 55 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Asbestos Workers Local Union No 55 multi-year asset trail

Sponsor-wide plan assets over time

All Asbestos Workers Local Union No 55 plans reported in each filing year

Latest sponsor-wide plan assets
$15M 18.82208190825263% vs 2022
2024 filing year
$12M$13M$14M$15M 202220232024 $12.3M $14.6M ▲ +18.8%
Year Plans Participants Total Assets
2022 1 49 $12M
2023 1 50 $14M
2024 1 55 $15M

Asbestos Workers Local Union No 55 filing trail (2022)

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$12M
Net Income-$3M
Employer EIN630474674
Plan Effective Date1962-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Alabama

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

Asbestos Workers Local Union No 55 Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -10000100020003000 -0.500.511.5 Total assets ($B) Participants Asbestos Workers Local Union No 55 Pension Plan, Total assets ($B): 0.012290532 · Participants: 49Asbestos Workers Local Union No 55 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
Asbestos Workers Local Union No 55 Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Asbestos Workers Local Union No 55 Pension Plan side-by-side with 3 peers →

Asbestos Workers Local Union No 55 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is The Farmers Bank Defined Benefit Pension Plan in TN ($12M); by covered participants it is The Day Publishing Company Trusteed Pension Plan in CT (49 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (49 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 Union No 55 Pension Plan assets move in 2022? ▼
Asbestos Workers Local Union No 55 Pension Plan declined sharply - down 20.1% during 2022, from $15M to $12M. Reported net income was -$3M.
How have Asbestos Workers Local Union No 55 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Asbestos Workers Local Union No 55's sponsor-wide assets grew 18.8%, from $12M to $15M.
Which Defined Benefit (Pension) plans are similar in size to Asbestos Workers Local Union No 55 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Farmers Bank Defined Benefit Pension Plan in TN ($12M, 135 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Asbestos Workers Local Union No 55 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Day Publishing Company Trusteed Pension Plan in CT (49 participants, $15M 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 630474674.

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.