Defined Benefit (Pension) · DOL Form 5500 · 2024
Asarco LLC Pension Plan
Data updated 2026-08-11
- $223M
- Total assets
- 298
- Participants
- 95th
- Percentile by assets
- $747,788
- Avg per participant
Official DOL plan name: Retirement Income Plan for Hourly-Rated Employees of Asarco LLC · Sponsored by Asarco LLC · Arizona · Mining & Oil Extraction
$223M in assets, 298 participants
Asarco LLC's Retirement Income Plan for Hourly-Rated Employees of Asarco LLC reported $223M in total assets and 298 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 123,622 plans)
- #704 in Mining & Oil Extraction (785 peers)
Where Retirement Income Plan for Hourly-Rated Employees of Asarco LLC sits by assets
Retirement Income Plan for Hourly-Rated Employees of Asarco LLC sits in the top 5% of all filed plans by assets, $223M for 298 participants (~$747,788/participant), down 7.5% in 2024.
- $223M
- total plan assets (2024 EOY)
- 298
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $747,788
- avg assets per participant
The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Retirement Income Plan for Hourly-Rated Employees of Asarco LLC reported net income fell from -$5M in the plan year 2023 filing to -$18M in the plan year 2024 filing.
- Retirement Income Plan for Hourly-Rated Employees of Asarco LLC reported participants fell from 342 in the plan year 2023 filing to 298 in the plan year 2024 filing.
- Retirement Income Plan for Hourly-Rated Employees of Asarco LLC end-of-year assets fell from $241M in the plan year 2023 filing to $223M in the plan year 2024 filing.
Retirement Income Plan for Hourly-Rated Employees of Asarco LLC vs the 2024 asset distribution
By assets, Retirement Income Plan for Hourly-Rated Employees of Asarco LLC outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $241M |
|---|---|
| Net Assets (End of Year) | $223M |
| Net Income | -$18M |
| Employer EIN | 810666284 |
| Plan Effective Date | 1986-11-18 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Asarco LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 2,051 | $562M |
| 2023 | 4 | 1,978 | $567M |
| 2024 | 4 | 2,060 | $557M |
Nearby Defined Benefit (Pension) Plans in Arizona
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Retirement Income Plan for Hourly-Rated Employees of Asarco LLC vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants
- Pinnacle West Capital Corporation Retirement Plan $3.1B · 6,044
- Salt River Project Employees' Retirement Plan $2.9B · 4,989
- Desert States Employers & Ufcw Unions Pension Plan $1.0B · 24,099
- Avnet Pension Plan $472M · 2,732
- Arizona Pipe Trades Pension Plan $419M · 2,281
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Retirement Income Plan for Hourly-Rated Employees of Asarco LLC by total assets, not by location.
- University of Virginia Physicians Group Clinicians Supplemental Retirement Plan (VA) $223M · 465
- Retirement Plan for Bargaining Unit Employees of the Mtc of Pxd (TX) $223M · 524
- Hunt Consolidated, Inc. Fidelity Pension Plan (TX) $222M · 236
- Hagerstown Motor Carriers and Teamsters Pension Plan (MD) $223M · 380
Frequently Asked Questions
How did Retirement Income Plan for Hourly-Rated Employees of Asarco LLC assets move in 2024? ▼
How have Asarco LLC plan assets changed over time? ▼
Where does Retirement Income Plan for Hourly-Rated Employees of Asarco LLC rank by assets among Form 5500 filers? ▼
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Ways to act on Retirement Income Plan for Hourly-Rated Employees of Asarco LLC's numbers.
- By total assets, Retirement Income Plan for Hourly-Rated Employees of Asarco LLC ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Arizona. Compare plans
- Asarco LLC's sponsor-wide assets have declined 0.9% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans