Defined Benefit (Pension) · DOL Form 5500 · 2024
Altec Industries, Inc. Pension Plan
Data updated 2026-08-25
- $57M
- Total assets Below avg plan size
- 631
- Participants Below avg headcount
- 86th
- Percentile by assets National rank
- $90,475
- Avg per participant Below avg balance/head
Official DOL plan name: Altec Industries, Inc. Associates' Pension Plan · Sponsored by Altec Industries, Inc. · Alabama · Manufacturing
$57M in assets, 631 participants
Altec Industries, Inc.'s Altec Industries, Inc. Associates' Pension Plan reported $57M in total assets and 631 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.
- #14,123 in Manufacturing (17,777 peers)
Where Altec Industries, Inc. Associates' Pension Plan sits by assets
Altec Industries, Inc. Associates' Pension Plan sits in the top quartile of all filed plans by assets, $57M for 631 participants (~$90,475/participant), down 10.3% in 2024.
- #14,123
- in Manufacturing (17,777 peers)
- -10.3%
- assets change YoY
- 0.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Altec Industries, Inc. Associates' Pension Plan's outsized position by total assets
Altec Industries, Inc. Associates' Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$57,089,564 Top 14% higher than 86% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Altec Industries, Inc. Associates' Pension Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Altec Industries, Inc. Associates' Pension Plan sits mid-pack in the medium band (631 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Altec Industries, Inc. Associates' Pension Plan reported net income fell from $548K in the plan year 2023 filing to -$7M in the plan year 2024 filing.
- Altec Industries, Inc. Associates' Pension Plan end-of-year assets fell from $64M in the plan year 2023 filing to $57M in the plan year 2024 filing.
- Altec Industries, Inc. Associates' Pension Plan reported participants fell from 687 in the plan year 2023 filing to 631 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 630362926 · Altec Industries, Inc. PY 2024 · Defined Benefit (Pension)
Altec Industries, Inc. Associates' Pension Plan · $57M · 631 · 86th
- BOY $57M
- SCH 631
- EBSA 86th
- PART Defined Benefit (Pension)
- TYPE near Retirement Plan for Employees of Bridgford Foods Corporation
- NET ind #14123
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 Alabama →
Altec Industries, Inc. Associates' Pension Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $64M |
|---|---|
| Net Assets (End of Year) | $57M |
| Net Income | -$7M |
| Employer EIN | 630362926 |
| Plan Effective Date | 1956-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altec Industries, Inc.)
Sponsor-wide plan assets over time
All Altec Industries, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.0B 43.102892660556876% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 10,129 | $729M |
| 2023 | 2 | 9,976 | $891M |
| 2024 | 2 | 10,117 | $1.0B |
Nearby Defined Benefit (Pension) Plans in Alabama
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Regions Financial Corporation Retirement Plan $1.2B · 282
- Blue Cross and Blue Shield of Alabama Retirement Plan $712M · 1,955
- Regions Financial Corporation Retirement Plan for Associates $708M · 2,240
- Retail, Wholesale & Department Store International Union and Industry Pension Fund $619M · 1,556
- Vulcan Materials Company Pension Plan $471M · 740
Altec Industries, Inc. Associates' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Alabama, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of Bridgford Foods Corporation in TX ($57M); by covered participants it is Plumbers & Steamfitters Local 150 Pension Fund in TN (631 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($57M here).
Similar participant headcount
Nearest other-state filings by covered participants (631 participants); asset peers above are excluded.
- Plumbers & Steamfitters Local 150 Pension Fund (TN) 631 · 0 off
- Northern Nevada Plumbers & Pipefitters Variable Defined Benefit Plan (NV) 631 · 0 off
- Essendant Pension Plan (IL) 631 · 0 off
- American Water Heater Company Pension Plan for the Johnson City, Tennessee Manufacturing Bargaining Unit (WI) 632 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.