Defined Benefit (Pension) · DOL Form 5500 · 2024

Asbestos Workers Local Union No 55 Pension Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
55
Participants Small participant base
64th
Percentile by assets National rank
$265,525
Avg per participant High balance/head
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Official DOL plan name: Asbestos Workers Local Union No 55 Pension Plan · Sponsored by Asbestos Workers Local Union No 55 · Alabama · Construction

$15M in assets, 55 participants

Asbestos Workers Local Union No 55's Asbestos Workers Local Union No 55 Pension Plan reported $15M in total assets and 55 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • #5,621 in Construction (9,039 peers)

Asbestos Workers Local Union No 55 multi-year trail

Asbestos Workers Local Union No 55's plans moved +18.8% in assets from 2022 to 2024; this filing shows Asbestos Workers Local Union No 55 Pension Plan at $15M / 55 participants.

#5,621
in Construction (9,039 peers)
+6.5%
assets growth YoY

Asbestos Workers Local Union No 55 Pension Plan's mid-pack asset rank among Construction and all filers

Asbestos Workers Local Union No 55 Pension Plan vs every filed plan by assets

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

$14,603,866 Top 36% higher than 64% 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 Union No 55 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. Asbestos Workers Local Union No 55 Pension Plan is a small filing (55 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Asbestos Workers Local Union No 55 Pension Plan reported net income fell from $1M in the plan year 2023 filing to $852K in the plan year 2024 filing.
  • Asbestos Workers Local Union No 55 Pension Plan reported participants rose from 50 in the plan year 2023 filing to 55 in the plan year 2024 filing.
  • Asbestos Workers Local Union No 55 Pension Plan end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 630474674 · Asbestos Workers Local Union No 55 PY 2024 · Defined Benefit (Pension)

Asbestos Workers Local Union No 55 Pension Plan · $15M · 55 · 64th

  • PHOTO $15M
  • PHOTO 55
  • PHOTO 64th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Sbera Pension Plan as Adopted by Washington Savings Bank
  • PHOTO ind #5621

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 Alabama →

Asbestos Workers Local Union No 55 Pension Plan in the asset neighbourhood

The People's Credit Union Defined Benefit Plan and TrustThe People's Credit Union De…$15MSbera Pension Plan as Adopted by Washington Savings BankSbera Pension Plan as Adopte…$15MAsbestos Workers Local Union No 55 Pension PlanAsbestos Workers Local Union…$15MShure Incorporated Employees' Retirement PlanShure Incorporated Employees…$15MFaribault Foods, Inc. Pension PlanFaribault Foods, Inc. Pensio…$15M
End-of-year total assets ($M) among Asbestos Workers Local Union No 55 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Asbestos Workers Local Union No 55 multi-year asset trail

Sponsor-wide plan assets over time

All Asbestos Workers Local Union No 55 plans reported in each filing year

Latest sponsor-wide plan assets
$15M 18.82208190825263% vs 2022
2024 filing year
$12M$13M$14M$15M 202220232024 $12.3M $14.6M ▲ +18.8%
Year Plans Participants Total Assets
2022 1 49 $12M
2023 1 50 $14M
2024 1 55 $15M

Asbestos Workers Local Union No 55 filing trail (2024)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$852K
Employer EIN630474674
Plan Effective Date1962-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Alabama

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

Asbestos Workers Local Union No 55 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 ($B) Participants Asbestos Workers Local Union No 55 Pension Plan, Total assets ($B): 0.014603866 · Participants: 55Asbestos Workers Local Union No 55 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
Asbestos Workers Local Union No 55 Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare Asbestos Workers Local Union No 55 Pension Plan side-by-side with 3 peers →

Asbestos Workers Local Union No 55 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Sbera Pension Plan as Adopted by Washington Savings Bank in MA ($15M); by covered participants it is Pension Plan of Locals 794 & 819, I.a.T.S.E. in NY (55 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (55 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 Union No 55 Pension Plan assets move in 2024? ▼
Asbestos Workers Local Union No 55 Pension Plan grew at a solid clip - up 6.5% during 2024, from $14M to $15M. Reported net income was $852K.
How have Asbestos Workers Local Union No 55 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Asbestos Workers Local Union No 55's sponsor-wide assets grew 18.8%, from $12M to $15M.
Which Defined Benefit (Pension) plans are similar in size to Asbestos Workers Local Union No 55 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sbera Pension Plan as Adopted by Washington Savings Bank in MA ($15M, 35 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Asbestos Workers Local Union No 55 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan of Locals 794 & 819, I.a.T.S.E. in NY (55 participants, $75M 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 630474674.

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.