Defined Benefit (Pension) · DOL Form 5500 · 2022

Shopmen Iron Workers Local 502 Board of Trustees Pension Fund Pension Plan

Data updated 2026-08-25

$67M
Total assets Below avg plan size
236
Participants Below avg headcount
90th
Percentile by assets National rank
$285,806
Avg per participant High balance/head
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Official DOL plan name: Shopmen Local Union 502 Pension Plan · Sponsored by Shopmen Iron Workers Local 502 Board of Trustees Pension Fund · Pennsylvania · Manufacturing

$67M in assets, 236 participants

Shopmen Iron Workers Local 502 Board of Trustees Pension Fund's Shopmen Local Union 502 Pension Plan reported $67M in total assets and 236 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #17,634 in Manufacturing (20,602 peers)

Coverage in Pennsylvania

Shopmen Local Union 502 Pension Plan covers 236 participants in Pennsylvania, about 29% of the average Pennsylvania filer (state average ~822 per filing). Assets: $67M.

#17,634
in Manufacturing (20,602 peers)
-19.8%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Shopmen Local Union 502 Pension Plan's outsized position by total assets

Shopmen Local Union 502 Pension Plan vs every filed plan by assets

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

$67,450,136 Top 10% higher than 90% 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

Shopmen Local Union 502 Pension Plan 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. Shopmen Local Union 502 Pension Plan sits mid-pack in the medium band (236 participants).

Plan-year Form 5500 strip

Filing strip 236529457 · Shopmen Iron Workers Local 502 Board of Trustees Pension Fund PY 2022 · Defined Benefit (Pension)

Shopmen Local Union 502 Pension Plan · $67M · 236 · 90th

  • PCT $67M
  • EIN 236
  • RANK 90th
  • PHOTO Defined Benefit (Pension)
  • IND near Sappi North America, Inc. Central Mills Employees' Retirement Plan
  • EOY ind #17634

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 Manufacturing retirement plans → · Plans in Pennsylvania →

Shopmen Local Union 502 Pension Plan in the asset neighbourhood

Retirement Plan of Tennessee Rural Health ImprovemRetirement Plan of Tennessee…$67MMissouri Farm Bureau Retirement Plan TrustMissouri Farm Bureau Retirem…$67MSappi North America, Inc. Central Mills Employees' Retirement PlanSappi North America, Inc. Ce…$67MShopmen Local Union 502 Pension PlanShopmen Local Union 502 Pens…$67MBuck Consultants Retirement PlanBuck Consultants Retirement …$67M
End-of-year total assets ($M) among Shopmen Local Union 502 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$84M
Net Assets (End of Year)$67M
Net Income-$17M
Employer EIN236529457
Plan Effective Date1962-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shopmen Iron Workers Local 502 Board of Trustees Pension Fund)

Sponsor-wide plan assets over time

All Shopmen Iron Workers Local 502 Board of Trustees Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$75M 11.480577296389736% vs 2022
2024 filing year
$65M$70M$75M$80M 202220232024 $67.5M $75.2M ▲ +11.5%
Year Plans Participants Total Assets
2022 1 236 $67M
2023 1 220 $73M
2024 1 206 $75M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Shopmen Local Union 502 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Shopmen Local Union 502 Pension Plan, Total assets ($B): 0.067450136 · Participants: 236Shopmen Local Union 502 Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 10.401485458 · Participants: 27097National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 5.908424468 · Participants: 52395Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.402519 · Participants: 63731The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.359207207 · Participants: 5314Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 4.968344232 · Participants: 8098The Bank of New York Mellon Corporation Pension Plan
Shopmen Local Union 502 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Shopmen Local Union 502 Pension Plan side-by-side with 3 peers →

Shopmen Local Union 502 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Sappi North America, Inc. Central Mills Employees' Retirement Plan in MA ($67M); by covered participants it is Air Canada U.S. Pension Plan in (236 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (236 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 Shopmen Local Union 502 Pension Plan assets move in 2022? ▼
Shopmen Local Union 502 Pension Plan declined sharply - down 19.8% during 2022, from $84M to $67M. Reported net income was -$17M.
How have Shopmen Iron Workers Local 502 Board of Trustees Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shopmen Iron Workers Local 502 Board of Trustees Pension Fund's sponsor-wide assets grew 11.5%, from $67M to $75M.
Where does Shopmen Local Union 502 Pension Plan rank by assets among Form 5500 filers? ▼
Shopmen Local Union 502 Pension Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Shopmen Local Union 502 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sappi North America, Inc. Central Mills Employees' Retirement Plan in MA ($67M, 573 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Shopmen Local Union 502 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Air Canada U.S. Pension Plan in (236 participants, $134M 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 236529457.

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.