Defined Benefit (Pension) · DOL Form 5500 · 2023

Norcal Insurance Company Pension Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
58
Participants Small participant base
82nd
Percentile by assets National rank
$659,951
Avg per participant High balance/head
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Official DOL plan name: Norcal Insurance Company Pension Plan · Sponsored by Norcal Insurance Company · Alabama · Finance & Insurance

$38M in assets, 58 participants

Norcal Insurance Company's Norcal Insurance Company Pension Plan reported $38M in total assets and 58 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,490 in Finance & Insurance (8,869 peers)

Where Norcal Insurance Company Pension Plan sits by assets

Norcal Insurance Company Pension Plan sits in the top quartile of all filed plans by assets, $38M for 58 participants (~$659,951/participant), up 6.1% in 2023.

#6,490
in Finance & Insurance (8,869 peers)
+6.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Norcal Insurance Company Pension Plan's outsized position by total assets

Norcal Insurance Company Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$38,277,165 Top 18% higher than 82% of 127,068 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 2023

Norcal Insurance Company Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Norcal Insurance Company Pension Plan is a small filing (58 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Norcal Insurance Company Pension Plan reported net income rose from -$27M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Norcal Insurance Company Pension Plan reported participants fell from 63 in the plan year 2022 filing to 58 in the plan year 2023 filing.
  • Norcal Insurance Company Pension Plan end-of-year assets rose from $36M in the plan year 2022 filing to $38M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 942301054 · Norcal Insurance Company PY 2023 · Defined Benefit (Pension)

Norcal Insurance Company Pension Plan · $38M · 58 · 82nd

  • ASSETS $38M
  • ASSETS 58
  • ASSETS 82nd
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Board of Trustees Op Plasterers & Cement Masons L262 Pension
  • ASSETS ind #6490

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 Finance & Insurance retirement plans → · Plans in Alabama →

Norcal Insurance Company Pension Plan in the asset neighbourhood

The Pension Plan for Seagram Union EmployeesThe Pension Plan for Seagram…$38MNorcal Insurance Company Pension PlanNorcal Insurance Company Pen…$38MBoard of Trustees Op Plasterers & Cement Masons L262 PensionBoard of Trustees Op Plaster…$38MCatholic Financial Life Pension PlanCatholic Financial Life Pens…$38MBnb Bank Pension Plan$38M
End-of-year total assets ($M) among Norcal Insurance Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$38M
Net Income$2M
Employer EIN942301054
Plan Effective Date1978-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norcal Insurance Company)

Sponsor-wide plan assets over time

All Norcal Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$32M 9.963768251480417% vs 2022
2024 filing year
$30M$32M$34M$36M$38M$40M 202220232024 $36.1M $32.5M ▼ -10.0%
Year Plans Participants Total Assets
2022 2 263 $36M
2023 1 58 $38M
2024 1 52 $32M

Nearby Defined Benefit (Pension) Plans in Alabama

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

Norcal Insurance Company 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 ($B) Participants Norcal Insurance Company Pension Plan, Total assets ($B): 0.038277165 · Participants: 58Norcal Insurance Company Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.23300032 · Participants: 292Regions Financial Corporation Retirement PlanBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.737313284 · Participants: 2014Blue Cross and Blue Shield of Alabama Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.716301272 · Participants: 2395Regions Financial Corporation Retirement Plan for AssociatesVulcan Materials Company Pension Plan, Total assets ($B): 0.507585545 · Participants: 776Vulcan Materials Company Pension PlanAmerican Cast Iron Pipe Company Pension Plan, Total assets ($B): 0.440237888 · Participants: 832American Cast Iron Pipe Company Pension Plan
Norcal Insurance Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Norcal Insurance Company Pension Plan side-by-side with 3 peers →

Norcal Insurance Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Board of Trustees Op Plasterers & Cement Masons L262 Pension in NY ($38M); by covered participants it is Exchange Bank Retirement Plan in CA (58 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (58 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Norcal Insurance Company Pension Plan assets move in 2023? ▼
Norcal Insurance Company Pension Plan grew at a solid clip - up 6.1% during 2023, from $36M to $38M. Reported net income was $2M.
How have Norcal Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norcal Insurance Company's sponsor-wide assets declined 10.0%, from $36M to $32M.
Where does Norcal Insurance Company Pension Plan rank by assets among Form 5500 filers? ▼
Norcal Insurance Company Pension Plan ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Norcal Insurance Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Board of Trustees Op Plasterers & Cement Masons L262 Pension in NY ($38M, 286 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Norcal Insurance Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Exchange Bank Retirement Plan in CA (58 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 942301054.

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.