Defined Benefit (Pension) · DOL Form 5500 · 2024

Norcal Insurance Company Pension Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
52
Participants Small participant base
78th
Percentile by assets National rank
$624,851
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Norcal Insurance Company Pension Plan · Sponsored by Norcal Insurance Company · Alabama · Finance & Insurance

$32M in assets, 52 participants

Norcal Insurance Company's Norcal Insurance Company Pension Plan reported $32M in total assets and 52 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,677 in Finance & Insurance (8,549 peers)

Where Norcal Insurance Company Pension Plan sits by assets

Norcal Insurance Company Pension Plan sits in the top quartile of all filed plans by assets, $32M for 52 participants (~$624,851/participant), down 15.1% in 2024.

#5,677
in Finance & Insurance (8,549 peers)
-15.1%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Norcal Insurance Company Pension Plan's outsized position by total assets

Norcal Insurance Company Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$32,492,242 Top 22% higher than 78% of 123,620 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 2024

Norcal Insurance Company Pension Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Norcal Insurance Company Pension Plan is a small filing (52 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Norcal Insurance Company Pension Plan reported net income fell from $2M in the plan year 2023 filing to -$6M in the plan year 2024 filing.
  • Norcal Insurance Company Pension Plan end-of-year assets fell from $38M in the plan year 2023 filing to $32M in the plan year 2024 filing.
  • Norcal Insurance Company Pension Plan reported participants fell from 58 in the plan year 2023 filing to 52 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 942301054 · Norcal Insurance Company PY 2024 · Defined Benefit (Pension)

Norcal Insurance Company Pension Plan · $32M · 52 · 78th

  • PHOTO $32M
  • IND 52
  • EOY 78th
  • 5500 Defined Benefit (Pension)
  • ASSETS near Gallo Pension Plan for Non-Union Employees
  • PCT ind #5677

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 Finance & Insurance retirement plans → · Plans in Alabama →

Norcal Insurance Company Pension Plan in the asset neighbourhood

As America Brands, Inc. Pension PlanAs America Brands, Inc. Pens…$33MIronworkers 340 Retirement PlanIronworkers 340 Retirement P…$33MGallo Pension Plan for Non-Union EmployeesGallo Pension Plan for Non-U…$32MNorcal Insurance Company Pension PlanNorcal Insurance Company Pen…$32MTimes Publishing Company Defined Benefit Pension PlanTimes Publishing Company Def…$32M
End-of-year total assets ($M) among Norcal Insurance Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$32M
Net Income-$6M
Employer EIN942301054
Plan Effective Date1978-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norcal Insurance Company)

Sponsor-wide plan assets over time

All Norcal Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$32M 9.963768251480417% vs 2022
2024 filing year
$30M$32M$34M$36M$38M$40M 202220232024 $36.1M $32.5M ▼ -10.0%
Year Plans Participants Total Assets
2022 2 263 $36M
2023 1 58 $38M
2024 1 52 $32M

Nearby Defined Benefit (Pension) Plans in Alabama

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

Norcal Insurance Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -0.500.511.5 Total assets ($B) Participants Norcal Insurance Company Pension Plan, Total assets ($B): 0.032492242 · Participants: 52Norcal Insurance Company Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.152174116 · Participants: 282Regions Financial Corporation Retirement PlanBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.711879241 · Participants: 1955Blue Cross and Blue Shield of Alabama Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.708134818 · Participants: 2240Regions Financial Corporation Retirement Plan for AssociatesRetail, Wholesale & Department Store International Union and Industry Pension Fund, Total assets ($B): 0.61892099 · Participants: 1556Retail, Wholesale & Department Store International Union and Industry Pension FundVulcan Materials Company Pension Plan, Total assets ($B): 0.471253992 · Participants: 740Vulcan Materials Company Pension Plan
Norcal Insurance Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Norcal Insurance Company Pension Plan side-by-side with 3 peers →

Norcal Insurance Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Gallo Pension Plan for Non-Union Employees in CA ($32M); by covered participants it is Dr. Scott Bowlby, D.D.S., P.a. Cash Balance Plan in MN (52 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (52 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Norcal Insurance Company Pension Plan assets move in 2024? ▼
Norcal Insurance Company Pension Plan declined sharply - down 15.1% during 2024, from $38M to $32M. Reported net income was -$6M.
How have Norcal Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norcal Insurance Company's sponsor-wide assets declined 10.0%, from $36M to $32M.
Where does Norcal Insurance Company Pension Plan rank by assets among Form 5500 filers? ▼
Norcal Insurance Company Pension Plan ranks in the 78th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Norcal Insurance Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Gallo Pension Plan for Non-Union Employees in CA ($32M, 158 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Norcal Insurance Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dr. Scott Bowlby, D.D.S., P.a. Cash Balance Plan in MN (52 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 942301054.

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.