A novel maize variety designated 5ABSM1557 and seed, plants and plant partsthereof are provided. Methods for producing a maize plant comprise crossingmaize variety 5ABSM1557 with another maize plant are provided. Methods forproducing a maize plant containing in its genetic material one or more traitsintrogressed into 5ABSM1557 through backcross conversion and/ortransformation,and to the maize seed, plant and plant part produced thereby are provided.Hybridmaize seed, plants or plant parts are produced by crossing the variety5ABSM1557or a locus conversion of 5ABSM1557 with another maize variety.