Defined Benefit (Pension) · DOL Form 5500 · 2023

Asbestos Workers Local 42 Pension Fund Pension Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
100
Participants Small participant base
82nd
Percentile by assets National rank
$366,910
Avg per participant High balance/head
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Official DOL plan name: Asbestos Workers Local 42 Pension Fund · Sponsored by Asbestos Workers Local 42 Pension Fund · New Jersey · Construction

$37M in assets, 100 participants

Asbestos Workers Local 42 Pension Fund's Asbestos Workers Local 42 Pension Fund reported $37M in total assets and 100 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.

  • #7,253 in Construction (9,030 peers)

Coverage in New Jersey

Asbestos Workers Local 42 Pension Fund covers 100 participants in New Jersey, about 12% of the average New Jersey filer (state average ~844 per filing). Assets: $37M.

#7,253
in Construction (9,030 peers)
+2.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Asbestos Workers Local 42 Pension Fund's outsized position by total assets

Asbestos Workers Local 42 Pension Fund vs every filed plan by assets

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

$36,690,951 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

Asbestos Workers Local 42 Pension Fund among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Asbestos Workers Local 42 Pension Fund is a small filing (100 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Asbestos Workers Local 42 Pension Fund reported net income rose from -$7M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Asbestos Workers Local 42 Pension Fund reported participants fell from 107 in the plan year 2022 filing to 100 in the plan year 2023 filing.
  • Asbestos Workers Local 42 Pension Fund end-of-year assets rose from $36M in the plan year 2022 filing to $37M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 516011235 · Asbestos Workers Local 42 Pension Fund PY 2023 · Defined Benefit (Pension)

Asbestos Workers Local 42 Pension Fund · $37M · 100 · 82nd

  • BOY $37M
  • SCH 100
  • EBSA 82nd
  • PART Defined Benefit (Pension)
  • TYPE near Capital Educators Federal Credit Union Defined Benefit Plan and Trust
  • NET ind #7253

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 New Jersey →

Asbestos Workers Local 42 Pension Fund in the asset neighbourhood

Local 522 Pension Fund Roofers DivisionLocal 522 Pension Fund Roofe…$37MAsbestos Workers Local 42 Pension FundAsbestos Workers Local 42 Pe…$37MCapital Educators Federal Credit Union Defined Benefit Plan and TrustCapital Educators Federal Cr…$37MNorth Shore Bank Retirement PlanNorth Shore Bank Retirement …$37MNational Frozen Foods Corporation Employees' Pension PlanNational Frozen Foods Corpor…$37M
End-of-year total assets ($M) among Asbestos Workers Local 42 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$37M
Net Income$1M
Employer EIN516011235
Plan Effective Date1959-12-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Asbestos Workers Local 42 Pension Fund)

Sponsor-wide plan assets over time

All Asbestos Workers Local 42 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$39M 7.734119751876416% vs 2022
2024 filing year
$35M$36M$37M$38M$39M$40M 202220232024 $36M $38.7M ▲ +7.7%
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. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Asbestos Workers Local 42 Pension Fund, Total assets ($B): 0.036690951 · Participants: 100Asbestos Workers Local 42 Pension FundRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
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 →

Asbestos Workers Local 42 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Capital Educators Federal Credit Union Defined Benefit Plan and Trust in ID ($37M); by covered participants it is Pension Plan for Classified Employees of Gasco, Inc. in HI (100 participants). Same-state nearby plans are listed separately above.

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 Asbestos Workers Local 42 Pension Fund assets move in 2023? ▼
Asbestos Workers Local 42 Pension Fund edged up modestly - up 2.1% during 2023, from $36M to $37M. Reported net income was $1M.
How have Asbestos Workers Local 42 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), 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 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 Asbestos Workers Local 42 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Capital Educators Federal Credit Union Defined Benefit Plan and Trust in ID ($37M, 255 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Asbestos Workers Local 42 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Classified Employees of Gasco, Inc. in HI (100 participants, $42M 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 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.