Defined Benefit (Pension) · DOL Form 5500 · 2023

Asbestos Workers Local Union No 55 Pension Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
50
Participants Small participant base
65th
Percentile by assets National rank
$274,301
Avg per participant High balance/head
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Official DOL plan name: Asbestos Workers Local Union No 55 Pension Plan · Sponsored by Asbestos Workers Local Union No 55 · Alabama · Construction

$14M in assets, 50 participants

Asbestos Workers Local Union No 55's Asbestos Workers Local Union No 55 Pension Plan reported $14M in total assets and 50 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #5,780 in Construction (9,030 peers)

Asbestos Workers Local Union No 55 multi-year trail

Asbestos Workers Local Union No 55's plans moved +18.8% in assets from 2022 to 2024; this filing shows Asbestos Workers Local Union No 55 Pension Plan at $14M / 50 participants.

#5,780
in Construction (9,030 peers)
+11.6%
assets growth YoY

Asbestos Workers Local Union No 55 Pension Plan's mid-pack asset rank among Construction and all filers

Asbestos Workers Local Union No 55 Pension Plan vs every filed plan by assets

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

$13,715,035 Top 35% higher than 65% 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 Union No 55 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. Asbestos Workers Local Union No 55 Pension Plan is a small filing (50 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Asbestos Workers Local Union No 55 Pension Plan reported net income rose from -$3M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Asbestos Workers Local Union No 55 Pension Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Asbestos Workers Local Union No 55 Pension Plan reported participants rose from 49 in the plan year 2022 filing to 50 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 630474674 · Asbestos Workers Local Union No 55 PY 2023 · Defined Benefit (Pension)

Asbestos Workers Local Union No 55 Pension Plan · $14M · 50 · 65th

  • ASSETS $14M
  • PCT 50
  • EIN 65th
  • RANK Defined Benefit (Pension)
  • PHOTO near Jones Memorial Hospital Pension Plan
  • IND ind #5780

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 Alabama →

Asbestos Workers Local Union No 55 Pension Plan in the asset neighbourhood

The Restated Noncontributory Retirement Plan for CooperativesThe Restated Noncontributory…$14MAsbestos Workers Local Union No 55 Pension PlanAsbestos Workers Local Union…$14MJones Memorial Hospital Pension PlanJones Memorial Hospital Pens…$14MDarling Ingredients Retirement Income Plan for Union EmployeesDarling Ingredients Retireme…$14MW. W. Norton and Company, Inc. Retirement Income PlanW. W. Norton and Company, In…$14M
End-of-year total assets ($M) among Asbestos Workers Local Union No 55 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Asbestos Workers Local Union No 55 multi-year asset trail

Sponsor-wide plan assets over time

All Asbestos Workers Local Union No 55 plans reported in each filing year

Latest sponsor-wide plan assets
$15M 18.82208190825263% vs 2022
2024 filing year
$12M$13M$14M$15M 202220232024 $12.3M $14.6M ▲ +18.8%
Year Plans Participants Total Assets
2022 1 49 $12M
2023 1 50 $14M
2024 1 55 $15M

Asbestos Workers Local Union No 55 filing trail (2023)

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$1M
Employer EIN630474674
Plan Effective Date1962-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Alabama

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

Asbestos Workers Local Union No 55 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 ($B) Participants Asbestos Workers Local Union No 55 Pension Plan, Total assets ($B): 0.013715035 · Participants: 50Asbestos Workers Local Union No 55 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
Asbestos Workers Local Union No 55 Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Asbestos Workers Local Union No 55 Pension Plan side-by-side with 3 peers →

Asbestos Workers Local Union No 55 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Jones Memorial Hospital Pension Plan in NY ($14M); by covered participants it is Meadville Forging Company Uswa Pension Plan in PA (50 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (50 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 Asbestos Workers Local Union No 55 Pension Plan assets move in 2023? ▼
Asbestos Workers Local Union No 55 Pension Plan grew at a solid clip - up 11.6% during 2023, from $12M to $14M. Reported net income was $1M.
How have Asbestos Workers Local Union No 55 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Asbestos Workers Local Union No 55's sponsor-wide assets grew 18.8%, from $12M to $15M.
Which Defined Benefit (Pension) plans are similar in size to Asbestos Workers Local Union No 55 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Jones Memorial Hospital Pension Plan in NY ($14M, 56 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Asbestos Workers Local Union No 55 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Meadville Forging Company Uswa Pension Plan in PA (50 participants, $14M 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 630474674.

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.