Defined Benefit (Pension) · DOL Form 5500 · 2024

Asbestos Workers Local 42 Pension Fund Pension Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
104
Participants Small participant base
81st
Percentile by assets National rank
$372,443
Avg per participant High balance/head
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Official DOL plan name: Asbestos Workers Local 42 Pension Fund · Sponsored by Asbestos Workers Local 42 Pension Fund · Pennsylvania · Construction

$39M in assets, 104 participants

Asbestos Workers Local 42 Pension Fund's Asbestos Workers Local 42 Pension Fund reported $39M in total assets and 104 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #7,180 in Construction (9,039 peers)

Coverage in Pennsylvania

Asbestos Workers Local 42 Pension Fund covers 104 participants in Pennsylvania, about 13% of the average Pennsylvania filer (state average ~822 per filing). Assets: $39M.

#7,180
in Construction (9,039 peers)
+5.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Asbestos Workers Local 42 Pension Fund's outsized position by total assets

Asbestos Workers Local 42 Pension Fund vs every filed plan by assets

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

$38,734,051 Top 19% higher than 81% 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

Asbestos Workers Local 42 Pension Fund 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. Asbestos Workers Local 42 Pension Fund sits mid-pack in the medium band (104 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Asbestos Workers Local 42 Pension Fund reported net income rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Asbestos Workers Local 42 Pension Fund end-of-year assets rose from $37M in the plan year 2023 filing to $39M in the plan year 2024 filing.
  • Asbestos Workers Local 42 Pension Fund reported participants rose from 100 in the plan year 2023 filing to 104 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 516011235 · Asbestos Workers Local 42 Pension Fund PY 2024 · Defined Benefit (Pension)

Asbestos Workers Local 42 Pension Fund · $39M · 104 · 81st

  • BOOK $39M
  • BOOK 104
  • BOOK 81st
  • BOOK Defined Benefit (Pension)
  • BOOK near Recycling and General Industrial Union Local 108 Pension Fund
  • BOOK ind #7180

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 Pennsylvania →

Asbestos Workers Local 42 Pension Fund in the asset neighbourhood

Asbestos Workers Local 42 Pension FundAsbestos Workers Local 42 Pe…$39MRecycling and General Industrial Union Local 108 Pension FundRecycling and General Indust…$39MGkn Aerospace Pension Plan$39MKramer Levin Employees' Retirement PlanKramer Levin Employees' Reti…$39MCincinnati Incorporated Employees' Retirement Pension PlanCincinnati Incorporated Empl…$39M
End-of-year total assets ($M) among Asbestos Workers Local 42 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$39M
Net Income$2M
Employer EIN516011235
Plan Effective Date1959-12-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Asbestos Workers Local 42 Pension Fund)

Sponsor-wide plan assets over time

All Asbestos Workers Local 42 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$39M 7.734119751876416% vs 2022
2024 filing year
$35M$36M$37M$38M$39M$40M 202220232024 $36M $38.7M ▲ +7.7%
Year Plans Participants Total Assets
2022 1 107 $36M
2023 1 100 $37M
2024 1 104 $39M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Asbestos Workers Local 42 Pension Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Asbestos Workers Local 42 Pension Fund, Total assets ($B): 0.038734051 · Participants: 104Asbestos Workers Local 42 Pension FundNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
Asbestos Workers Local 42 Pension Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Asbestos Workers Local 42 Pension Fund side-by-side with 3 peers →

Asbestos Workers Local 42 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Recycling and General Industrial Union Local 108 Pension Fund in NJ ($39M); by covered participants it is First United Corporation Pension Plan in MD (104 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (104 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 Asbestos Workers Local 42 Pension Fund assets move in 2024? ▼
Asbestos Workers Local 42 Pension Fund grew at a solid clip - up 5.6% during 2024, from $37M to $39M. Reported net income was $2M.
How have Asbestos Workers Local 42 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Asbestos Workers Local 42 Pension Fund's sponsor-wide assets grew 7.7%, from $36M to $39M.
Where does Asbestos Workers Local 42 Pension Fund rank by assets among Form 5500 filers? ▼
Asbestos Workers Local 42 Pension Fund ranks in the 81st 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 Asbestos Workers Local 42 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Recycling and General Industrial Union Local 108 Pension Fund in NJ ($39M, 329 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Asbestos Workers Local 42 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is First United Corporation Pension Plan in MD (104 participants, $56M 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 516011235.

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.