Defined Benefit (Pension) · DOL Form 5500 · 2024

Asbestos Workers Local Union No 55 Pension Plan

Data updated 2026-08-11

$15M
Total assets: 55
Participants: 64th
Percentile by assets: $265,525
Avg per participant

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.

64th percentile by assets (of 123,622 plans)
#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.

$15M
total plan assets (2024 EOY): 55
covered participants: 64th
percentile by assets (of 123,622 plans): $265,525
avg assets per participant

Where Asbestos Workers Local Union No 55 Pension Plan sits by total assets

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

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 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 →

State

Alabama

Industry

Construction

Asbestos Workers Local Union No 55 across 3 plan years on file

Across the 3 plan years Asbestos Workers Local Union No 55 has on file (2022-2024), sponsor-wide plan assets have moved from $12M to $15M, a gain of 18.8%, while reported participants moved from 49 to 55 (+12.2%). Peak year by sponsor assets: 2024 ($15M); trough: 2022 ($12M).

Asbestos Workers Local Union No 55 multi-year asset trail

Total plan assets by year, all Asbestos Workers Local Union No 55 plans on file

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 EIN	630474674
Plan Effective Date	1962-01-01
Filing Status	FILING 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

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

Compare Asbestos Workers Local Union No 55 Pensi… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Asbestos Workers Local Union No 55 Pension Plan by total assets, not by location.

Sbera Pension Plan as Adopted by Washington Savings Bank (MA) $15M · 35
Shure Incorporated Employees' Retirement Plan (IL) $15M · 136
Faribault Foods, Inc. Pension Plan (MN) $15M · 46
The People's Credit Union Defined Benefit Plan and Trust (RI) $15M · 34

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).

Next read for Asbestos Workers Local Union No 55 Pensi…

Multi-year trail

Ways to act on Asbestos Workers Local Union No 55 Pension Plan's numbers.

By total assets, Asbestos Workers Local Union No 55 Pension Plan ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Alabama. Compare plans
Asbestos Workers Local Union No 55's sponsor-wide assets have grown 18.8% since 2022 across 3 plan years on file. More Construction plans

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.