Defined Benefit (Pension) · DOL Form 5500 · 2022
Trustees of Automobile Mechanics' Local No. 701 Pension Fund Pension Plan
Data updated 2026-08-11
- $1.0B
- Total assets
- 4,330
- Participants
- 99th
- Percentile by assets
- $236,495
- Avg per participant
Official DOL plan name: Automobile Mechanics' Local No. 701 Pension Fund · Sponsored by Trustees of Automobile Mechanics' Local No. 701 Pension Fund · Illinois · Other Services
$1.0B in assets, 4,330 participants
Trustees of Automobile Mechanics' Local No. 701 Pension Fund's Automobile Mechanics' Local No. 701 Pension Fund reported $1.0B in total assets and 4,330 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #8,381 in Other Services (8,398 peers)
Coverage in Illinois
Automobile Mechanics' Local No. 701 Pension Fund covers 4,330 participants in Illinois, 5.6x the typical Illinois plan (state average ~779 per filing). Assets: $1.0B.
- $1.0B
- total plan assets (2022 EOY)
- 4,330
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $236,495
- avg assets per participant
The plan reported a net loss of $211M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Automobile Mechanics' Local No. 701 Pension Fund reports 4,330 participants - 5.6x that state average ($1.0B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.2B |
|---|---|
| Net Assets (End of Year) | $1.0B |
| Net Income | -$211M |
| Employer EIN | 366042061 |
| Plan Effective Date | 1958-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Automobile Mechanics' Local No. 701 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 4,330 | $1.0B |
| 2023 | 1 | 3,964 | $1.1B |
| 2024 | 1 | 3,962 | $1.2B |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Automobile Mechanics' Local No. 701 Pension Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $42.6B · 50,096
- State Farm Insurance Companies Retirement Plan for United States Employees $32.1B · 49,052
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,170
- John Deere Pension Plan for Salaried Employees $7.3B · N/A
- Abbott Laboratories Annuity Retirement Plan $6.8B · 16,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Automobile Mechanics' Local No. 701 Pension Fund by total assets, not by location.
- The General Pension Plan of the International Union of Operating Engineers (DC) $1.0B · 2,053
- Erie Insurance Group Retirement Plan for Employees (PA) $1.0B · 5,987
- Construction Laborers Pension Trust of Greater St. (MO) $1.0B · 3,309
- The Wellspan Health System Merged Pension Plan (PA) $1.0B · 3,928
Frequently Asked Questions
How did Automobile Mechanics' Local No. 701 Pension Fund assets move in 2022? ▼
How have Trustees of Automobile Mechanics' Local No. 701 Pension Fund plan assets changed over time? ▼
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Filing takeaways
Ways to act on Automobile Mechanics' Local No. 701 Pension Fund's numbers.
- By total assets, Automobile Mechanics' Local No. 701 Pension Fund ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Trustees of Automobile Mechanics' Local No. 701 Pension Fund's sponsor-wide assets have grown 19.9% since 2022 across 3 plan years on file. More Other Services plans