Defined Benefit (Pension) · DOL Form 5500 · 2023
Altec Industries, Inc. Pension Plan
Data updated 2026-08-25
- $64M
- Total assets Below avg plan size
- 687
- Participants Below avg headcount
- 88th
- Percentile by assets National rank
- $92,608
- Avg per participant Below avg balance/head
Official DOL plan name: Altec Industries, Inc. Associates' Pension Plan · Sponsored by Altec Industries, Inc. · Alabama · Manufacturing
$64M in assets, 687 participants
Altec Industries, Inc.'s Altec Industries, Inc. Associates' Pension Plan reported $64M in total assets and 687 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.
- #15,363 in Manufacturing (18,722 peers)
Where Altec Industries, Inc. Associates' Pension Plan sits by assets
Altec Industries, Inc. Associates' Pension Plan sits in the top quartile of all filed plans by assets, $64M for 687 participants (~$92,608/participant), up 0.9% in 2023.
- #15,363
- in Manufacturing (18,722 peers)
- +0.9%
- assets growth YoY
- 0.6×
- vs typical plan assets (national mean)
Altec Industries, Inc. Associates' Pension Plan's outsized position by total assets
Altec Industries, Inc. Associates' Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$63,621,571 Top 12% higher than 88% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Altec Industries, Inc. Associates' Pension Plan among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Altec Industries, Inc. Associates' Pension Plan sits mid-pack in the medium band (687 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Altec Industries, Inc. Associates' Pension Plan reported net income rose from -$21M in the plan year 2022 filing to $548K in the plan year 2023 filing.
- Altec Industries, Inc. Associates' Pension Plan reported participants fell from 743 in the plan year 2022 filing to 687 in the plan year 2023 filing.
- Altec Industries, Inc. Associates' Pension Plan end-of-year assets rose from $63M in the plan year 2022 filing to $64M in the plan year 2023 filing.
DOL schedule card
Filing strip 630362926 · Altec Industries, Inc. PY 2023 · Defined Benefit (Pension)
Altec Industries, Inc. Associates' Pension Plan · $64M · 687 · 88th
- EOY $64M
- 5500 687
- ASSETS 88th
- PCT Defined Benefit (Pension)
- EIN near The Retirement Plan of Apple Bank for Savings
- RANK ind #15363
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 Manufacturing retirement plans → · Plans in Alabama →
Altec Industries, Inc. Associates' Pension Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $63M |
|---|---|
| Net Assets (End of Year) | $64M |
| Net Income | $548K |
| Employer EIN | 630362926 |
| Plan Effective Date | 1956-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altec Industries, Inc.)
Sponsor-wide plan assets over time
All Altec Industries, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.0B 43.102892660556876% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 10,129 | $729M |
| 2023 | 2 | 9,976 | $891M |
| 2024 | 2 | 10,117 | $1.0B |
Nearby Defined Benefit (Pension) Plans in Alabama
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Regions Financial Corporation Retirement Plan $1.2B · 292
- Blue Cross and Blue Shield of Alabama Retirement Plan $737M · 2,014
- Regions Financial Corporation Retirement Plan for Associates $716M · 2,395
- Vulcan Materials Company Pension Plan $508M · 776
- American Cast Iron Pipe Company Pension Plan $440M · 832
Altec Industries, Inc. Associates' 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 Retirement Plan of Apple Bank for Savings in NY ($64M); by covered participants it is Valley National Bank Pension Plan in NJ (687 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($64M here).
- The Retirement Plan of Apple Bank for Savings (NY) $64M · 150
- Its, Inc. Pension Plan (IA) $64M · 227
- Nidec Minster Corporation Consolidated Pension Trust (OH) $64M · 79
- Local 1034 Pension Fund (NY) $64M · 116
Similar participant headcount
Nearest other-state filings by covered participants (687 participants); asset peers above are excluded.
- Valley National Bank Pension Plan (NJ) 687 · 0 off
- Cleveland-Cliffs Hibbing Management Pension Plan (IL) 687 · 0 off
- Local 1205 Pension Fund (NY) 687 · 0 off
- Road Carriers Local 707 Pension Fund (NY) 686 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.