Defined Benefit (Pension) · DOL Form 5500 · 2022

Trustees of the Plumbers and Pipefitters Local 123 Pension Fund Pension Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
459
Participants Below avg headcount
88th
Percentile by assets National rank
$114,909
Avg per participant Below avg balance/head
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Official DOL plan name: Plumbers & Pipefitters Local 123 Pension Fund · Sponsored by Trustees of the Plumbers and Pipefitters Local 123 Pension Fund · Florida · Construction

$53M in assets, 459 participants

Trustees of the Plumbers and Pipefitters Local 123 Pension Fund's Plumbers & Pipefitters Local 123 Pension Fund reported $53M in total assets and 459 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #8,621 in Construction (9,927 peers)

Where Plumbers & Pipefitters Local 123 Pension Fund sits by assets

Plumbers & Pipefitters Local 123 Pension Fund sits in the top quartile of all filed plans by assets, $53M for 459 participants (~$114,909/participant), down 13.2% in 2022.

#8,621
in Construction (9,927 peers)
-13.2%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Plumbers & Pipefitters Local 123 Pension Fund's outsized position by total assets

Plumbers & Pipefitters Local 123 Pension Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$52,743,057 Top 12% higher than 88% of 139,123 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 2022

Plumbers & Pipefitters Local 123 Pension Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Plumbers & Pipefitters Local 123 Pension Fund sits mid-pack in the medium band (459 participants).

Plan-year Form 5500 strip

Filing strip 596164124 · Trustees of the Plumbers and Pipefitters Local 123 Pension Fund PY 2022 · Defined Benefit (Pension)

Plumbers & Pipefitters Local 123 Pension Fund · $53M · 459 · 88th

  • RANK $53M
  • PHOTO 459
  • IND 88th
  • EOY Defined Benefit (Pension)
  • 5500 near Teamsters Bakery Drivers and Industry Pension Fund
  • ASSETS ind #8621

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 Florida →

Plumbers & Pipefitters Local 123 Pension Fund in the asset neighbourhood

Sheet Metal Workers Local Union No 71 Pension PlanSheet Metal Workers Local Un…$53MPlumbers & Pipefitters Local 123 Pension FundPlumbers & Pipefitters Local…$53MTeamsters Bakery Drivers and Industry Pension FundTeamsters Bakery Drivers and…$53MY-12 Federal Credit Union Cash Balance Retirement Pension PlanY-12 Federal Credit Union Ca…$53MRetirement Plan of Trustco BankRetirement Plan of Trustco B…$53M
End-of-year total assets ($M) among Plumbers & Pipefitters Local 123 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$53M
Net Income-$8M
Employer EIN596164124
Plan Effective Date1965-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the Plumbers and Pipefitters Local 123 Pension Fund)

Sponsor-wide plan assets over time

All Trustees of the Plumbers and Pipefitters Local 123 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$67M 27.703870103699145% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $52.7M $67.4M ▲ +27.7%
Year Plans Participants Total Assets
2022 1 459 $53M
2023 1 477 $60M
2024 1 558 $67M

Nearby Defined Benefit (Pension) Plans in Florida

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

Plumbers & Pipefitters Local 123 Pension Fund vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -202468 Total assets ($B) Participants Plumbers & Pipefitters Local 123 Pension Fund, Total assets ($B): 0.052743057 · Participants: 459Plumbers & Pipefitters Local 123 Pension FundL3harris Aviation Products Pension Plan, Total assets ($B): 6.623750939 · Participants: 10L3harris Aviation Products Pension PlanNextera Energy, Inc. Employee Pension Plan, Total assets ($B): 4.827563863 · Participants: 13210Nextera Energy, Inc. Employee Pension PlanCsx Pension Plan, Total assets ($B): 2.20978 · Participants: 2728Csx Pension PlanRetirement Benefit Accumulation Plan for Employees of Pwc LLP, Total assets ($B): 1.852268551 · Participants: 5861Retirement Benefit Accumulation Plan for Employees of Pwc LLPPricewaterhousecoopers LLP Retirement Accumulation Plan for Partners, Total assets ($B): 1.789426694 · Participants: 3819Pricewaterhousecoopers LLP Retirement Accumulation Plan for Partners
Plumbers & Pipefitters Local 123 Pension Fund vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Plumbers & Pipefitters Local 123 Pension Fund side-by-side with 3 peers →

Plumbers & Pipefitters Local 123 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Florida, the nearest Defined Benefit (Pension) by assets is Teamsters Bakery Drivers and Industry Pension Fund in NY ($53M); by covered participants it is The Talbots, Inc. Pension Plan in MA (459 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (459 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Plumbers & Pipefitters Local 123 Pension Fund assets move in 2022? ▼
Plumbers & Pipefitters Local 123 Pension Fund pulled back noticeably - down 13.2% during 2022, from $61M to $53M. Reported net income was -$8M.
How have Trustees of the Plumbers and Pipefitters Local 123 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the Plumbers and Pipefitters Local 123 Pension Fund's sponsor-wide assets grew 27.7%, from $53M to $67M.
Where does Plumbers & Pipefitters Local 123 Pension Fund rank by assets among Form 5500 filers? ▼
Plumbers & Pipefitters Local 123 Pension Fund ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Plumbers & Pipefitters Local 123 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Teamsters Bakery Drivers and Industry Pension Fund in NY ($53M, 228 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Plumbers & Pipefitters Local 123 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Talbots, Inc. Pension Plan in MA (459 participants, $54M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 596164124.

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.