Defined Benefit (Pension) · DOL Form 5500 · 2023

Air Products and Chemicals, Inc. Pension Plan

Data updated 2026-08-11

$212M
Total assets: 301
Participants: 95th
Percentile by assets: $703,764
Avg per participant

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.

95th percentile by assets (of 127,072 plans)
#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.

$212M
total plan assets (2023 EOY): 301
covered participants: 95th
percentile by assets (of 127,072 plans): $703,764
avg assets per participant

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 2023→2024 release diff →

State

Pennsylvania

Industry

Manufacturing

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. reports 301 participants - about 37% of that state average ($212M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$190M
Net Assets (End of Year)	$212M
Net Income	$22M
Employer EIN	231274455
Plan Effective Date	1960-10-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Air Products and Chemicals, Inc. plans on file

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

National Elevator Industry Pension Plan $11.2B · 27,434
Steelworkers Pension Trust $6.6B · 47,052
The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
Constellation Retirement Program $5.3B · 5,080
The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374

Compare Pension Plan for Hourly Rated Employees … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. by total assets, not by location.

Minnesota Bakers Union Pension Plan (MN) $212M · 732
Northshore University Healthsystem Pension Plan (IL) $212M · 1,160
Pension Plan for Hourly Paid Employees of the Gallo Glass Company (CA) $212M · 335
Pacificorp/IBEW Local 57 Retirement Trust Fund (CA) $213M · 880

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).

Next read for Pension Plan for Hourly Rated Employees …

Filing takeaways

Ways to act on Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc.'s numbers.

By total assets, Pension Plan for Hourly Rated Employees of Air Products and Chemicals, Inc. ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
Air Products and Chemicals, Inc.'s sponsor-wide assets have declined 41.9% since 2022 across 3 plan years on file. More Manufacturing plans

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.