Defined Benefit (Pension) · DOL Form 5500 · 2023

Protective Life Corporation Pension Plan

Data updated 2026-08-25

$321M
Total assets Above avg plan size
3,222
Participants Above avg headcount
96th
Percentile by assets National rank
$99,654
Avg per participant Below avg balance/head
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Official DOL plan name: Protective Life Corporation Pension Plan · Sponsored by Protective Life Corporation · Alabama · Finance & Insurance

$321M in assets, 3,222 participants

Protective Life Corporation's Protective Life Corporation Pension Plan reported $321M in total assets and 3,222 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,331 in Finance & Insurance (8,869 peers)

Coverage in Alabama

Protective Life Corporation Pension Plan covers 3,222 participants in Alabama, 9.0x the typical Alabama plan (state average ~360 per filing). Assets: $321M.

#8,331
in Finance & Insurance (8,869 peers)
+4.5%
assets growth YoY
3.2×
vs typical plan assets (national mean)

Protective Life Corporation Pension Plan's outsized position by total assets

Protective Life Corporation Pension Plan vs every filed plan by assets

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

$321,085,808 Top 4% higher than 96% 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

Protective Life Corporation Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Protective Life Corporation Pension Plan lands in the large band (3,222 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Protective Life Corporation Pension Plan reported net income rose from -$48M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Protective Life Corporation Pension Plan reported participants rose from 2,996 in the plan year 2022 filing to 3,222 in the plan year 2023 filing.
  • Protective Life Corporation Pension Plan end-of-year assets rose from $307M in the plan year 2022 filing to $321M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 952492236 · Protective Life Corporation PY 2023 · Defined Benefit (Pension)

Protective Life Corporation Pension Plan · $321M · 3,222 · 96th

  • TYPE $321M
  • NET 3,222
  • BOOK 96th
  • VS-ST Defined Benefit (Pension)
  • BOY near Cit Group, Inc. Retirement Plan
  • SCH ind #8331

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 →

Protective Life Corporation Pension Plan in the asset neighbourhood

Sidley Austin LLP Retirement PlanSidley Austin LLP Retirement…$323MEssential Utilities, Inc. Pension PlanEssential Utilities, Inc. Pe…$322MUnity Health System Retirement PlanUnity Health System Retireme…$321MProtective Life Corporation Pension PlanProtective Life Corporation …$321MCit Group, Inc. Retirement PlanCit Group, Inc. Retirement P…$321M
End-of-year total assets ($M) among Protective Life Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$307M
Net Assets (End of Year)$321M
Net Income$14M
Employer EIN952492236
Plan Effective Date1946-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Protective Life Corporation)

Sponsor-wide plan assets over time

All Protective Life Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.0B 26.770785358893146% vs 2022
2024 filing year
$0.7B$0.8B$0.9B$1B$1.1B 202220232024 $0.81B $1.03B ▲ +27.2%
Year Plans Participants Total Assets
2022 2 6,573 $811M
2023 2 6,925 $915M
2024 2 7,098 $1.0B

Nearby Defined Benefit (Pension) Plans in Alabama

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

Protective Life Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. 01000200030004000 00.511.5 Total assets ($B) Participants Protective Life Corporation Pension Plan, Total assets ($B): 0.321085808 · Participants: 3222Protective Life Corporation 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
Protective Life Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Protective Life Corporation Pension Plan side-by-side with 3 peers →

Protective Life Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Cit Group, Inc. Retirement Plan in NC ($321M); by covered participants it is Bimbo Bakeries USA Consolidated Pension Plan in PA (3,238 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($321M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,222 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 Protective Life Corporation Pension Plan assets move in 2023? ▼
Protective Life Corporation Pension Plan edged up modestly - up 4.5% during 2023, from $307M to $321M. Reported net income was $14M.
How have Protective Life Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Protective Life Corporation's sponsor-wide assets grew 26.8%, from $811M to $1.0B.
Where does Protective Life Corporation Pension Plan rank by assets among Form 5500 filers? ▼
Protective Life Corporation Pension Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Protective Life Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cit Group, Inc. Retirement Plan in NC ($321M, 685 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Protective Life Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bimbo Bakeries USA Consolidated Pension Plan in PA (3,238 participants, $501M 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 952492236.

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.