Defined Benefit (Pension) · DOL Form 5500 · 2023

Air Products and Chemicals, Inc. Pension Plan

Data updated 2026-08-25

$212M
Total assets Near avg plan size
301
Participants Below avg headcount
95th
Percentile by assets National rank
$703,764
Avg per participant High balance/head
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Official DOL plan name: Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. · Sponsored by Air Products and Chemicals, Inc. · Pennsylvania · Manufacturing

$212M in assets, 301 participants

Air Products and Chemicals, Inc.'s Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. reported $212M in total assets and 301 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #17,246 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. covers 301 participants in Pennsylvania, about 37% of the average Pennsylvania filer (state average ~822 per filing). Assets: $212M.

#17,246
in Manufacturing (18,722 peers)
+11.4%
assets growth YoY
2.1×
vs typical plan assets (national mean)

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.'s outsized position by total assets

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. vs every filed plan by assets

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

$211,832,845 Top 5% higher than 95% 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

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. 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. Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. sits mid-pack in the medium band (301 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. reported net income rose from -$7M in the plan year 2022 filing to $22M in the plan year 2023 filing.
  • Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. end-of-year assets rose from $190M in the plan year 2022 filing to $212M in the plan year 2023 filing.
  • Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. reported participants fell from 326 in the plan year 2022 filing to 301 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 231274455 · Air Products and Chemicals, Inc. PY 2023 · Defined Benefit (Pension)

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. · $212M · 301 · 95th

  • EIN $212M
  • RANK 301
  • PHOTO 95th
  • IND Defined Benefit (Pension)
  • EOY near Minnesota Bakers Union Pension Plan
  • 5500 ind #17246

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 Pennsylvania →

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. in the asset neighbourhood

Pacificorp/IBEW Local 57 Retirement Trust FundPacificorp/IBEW Local 57 Ret…$213MPension Plan for Hourly Paid Employees of the Gallo Glass CompanyPension Plan for Hourly Paid…$212MNorthshore University Healthsystem Pension PlanNorthshore University Health…$212MMinnesota Bakers Union Pension PlanMinnesota Bakers Union Pensi…$212MPension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.Pension Plan for Hourly Rate…$212M
End-of-year total assets ($M) among Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$190M
Net Assets (End of Year)$212M
Net Income$22M
Employer EIN231274455
Plan Effective Date1960-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Air Products and Chemicals, Inc.)

Sponsor-wide plan assets over time

All Air Products and Chemicals, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.7B 41.92821734022907% vs 2022
2024 filing year
$2B$3B$4B$5B$6B 202220232024 $4.71B $2.73B ▼ -42.0%
Year Plans Participants Total Assets
2022 3 6,869 $4.7B
2023 3 7,105 $5.1B
2024 1 6,170 $2.7B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc., Total assets ($B): 0.211832845 · Participants: 301Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.National 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
Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. side-by-side with 3 peers →

Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Minnesota Bakers Union Pension Plan in MN ($212M); by covered participants it is Bryce Corporation Pension Plan in TN (301 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (301 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 Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. assets move in 2023? ▼
Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. grew at a solid clip - up 11.4% during 2023, from $190M to $212M. Reported net income was $22M.
How have Air Products and Chemicals, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Air Products and Chemicals, Inc.'s sponsor-wide assets declined 41.9%, from $4.7B to $2.7B.
Where does Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. rank by assets among Form 5500 filers? ▼
Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. ranks in the 95th 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 Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Minnesota Bakers Union Pension Plan in MN ($212M, 732 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bryce Corporation Pension Plan in TN (301 participants, $30M 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 231274455.

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.