Defined Benefit (Pension) · DOL Form 5500 · 2023

Heat & Frost Insulators & Asbestos Workers Local #38 Pension Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
89
Participants Small participant base
71st
Percentile by assets National rank
$204,311
Avg per participant Above avg balance/head
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Official DOL plan name: Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan · Sponsored by Heat & Frost Insulators & Asbestos Workers Local #38 · Pennsylvania · Construction

$18M in assets, 89 participants

Heat & Frost Insulators & Asbestos Workers Local #38's Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan reported $18M in total assets and 89 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #6,288 in Construction (9,030 peers)

Heat & Frost Insulators & Asbestos Workers Local #38 multi-year trail

Heat & Frost Insulators & Asbestos Workers Local #38's plans moved +21.2% in assets from 2022 to 2024; this filing shows Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan at $18M / 89 participants.

#6,288
in Construction (9,030 peers)
+16.6%
assets growth YoY

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan's outsized position by total assets

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan vs every filed plan by assets

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

$18,183,714 Top 29% higher than 71% 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

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement 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. Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan is a small filing (89 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan end-of-year assets rose from $16M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan reported participants fell from 97 in the plan year 2022 filing to 89 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 236283938 · Heat & Frost Insulators & Asbestos Workers Local #38 PY 2023 · Defined Benefit (Pension)

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan · $18M · 89 · 71st

  • PART $18M
  • PART 89
  • PART 71st
  • PART Defined Benefit (Pension)
  • PART near Pension Plan for Employees of Pediatric Associates of Dallas
  • PART ind #6288

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 Pennsylvania →

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan in the asset neighbourhood

J.H. Routh Packing Company Union Pension PlanJ.H. Routh Packing Company U…$18MHeat & Frost Insulators & Asbestos Workers Local 38 Retirement PlanHeat & Frost Insulators & As…$18MPension Plan for Employees of Pediatric Associates of DallasPension Plan for Employees o…$18MValley Telephone Cooperative, Inc. Defined Benefit PlanValley Telephone Cooperative…$18MMasonic Charity Foundation Retirement Income PlanMasonic Charity Foundation R…$18M
End-of-year total assets ($M) among Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Heat & Frost Insulators & Asbestos Workers Local #38 multi-year asset trail

Sponsor-wide plan assets over time

All Heat & Frost Insulators & Asbestos Workers Local #38 plans reported in each filing year

Latest sponsor-wide plan assets
$45M 21.19324489212637% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.9M $44.7M ▲ +21.2%
Year Plans Participants Total Assets
2022 2 580 $37M
2023 2 555 $42M
2024 2 539 $45M

Heat & Frost Insulators & Asbestos Workers Local #38 filing trail (2023)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$18M
Net Income$3M
Employer EIN236283938
Plan Effective Date1961-07-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan, Total assets ($B): 0.018183714 · Participants: 89Heat & Frost Insulators & Asbestos Workers Local 38 Retirement PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Pension Plan for Employees of Pediatric Associates of Dallas in TX ($18M); by covered participants it is Bank of America Retirement Plan for Dollar Paid Employees of Military Banking Division in RI (89 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 Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan assets move in 2023?
Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan grew sharply - up 16.6% during 2023, from $16M to $18M. Reported net income was $3M.
How have Heat & Frost Insulators & Asbestos Workers Local #38 plan assets changed over time?
Across 3 plan years on file (2022-2024), Heat & Frost Insulators & Asbestos Workers Local #38's sponsor-wide assets grew 21.2%, from $37M to $45M.
Which Defined Benefit (Pension) plans are similar in size to Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Employees of Pediatric Associates of Dallas in TX ($18M, 68 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Heat & Frost Insulators & Asbestos Workers Local 38 Retirement Plan?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bank of America Retirement Plan for Dollar Paid Employees of Military Banking Division in RI (89 participants, $13M in assets).