Other
2022 plan-year Other DOL Form 5500

AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

TRUSTEES OF AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND

This Other plan holds $1.0B in total assets and serves 4,330 participants as of 2022. It is sponsored by TRUSTEES OF AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND in Illinois. The plan reported a net loss of $211M for the year.

Total Assets (2023)
$1.0B
Participants
4,330
State
Industry
Other Services

What the Filing Says About AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND

AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND is a Other retirement plan sponsored by TRUSTEES OF AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND, headquartered in Illinois. As of the 2022 Form 5500 filing, the plan reports $1.0B in total end-of-year assets and covers 4,330 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 366042061, and the plan has been effective since 1958-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.2B at the beginning of 2022 to $1.0B at year-end — a decline of 17.1%. Net assets (after liabilities) closed the year at $1.0B, with reported net income of $-211,226,338 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1.2B
Total Assets (End of Year)$1.0B
Net Assets (End of Year)$1.0B
Net Income$-211,226,338
Plan TypeOther
Employer EIN366042061
Plan Effective Date1958-01-01
Filing StatusFILING 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

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Frequently Asked Questions

How much money is in the AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND?
As of the 2022 Form 5500 filing, AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND holds $1.0B in total assets with 4,330 participants. It is sponsored by TRUSTEES OF AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND.
What type of plan is AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND?
AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND is a Other plan. It has been effective since 1958-01-01. The plan is filed with the U.S. Department of Labor under EIN 366042061.
Who sponsors the AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND?
AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND is sponsored by TRUSTEES OF AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND, located in Illinois. The sponsor's EIN is 366042061 and the plan operates in the Other Services industry.
How did AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND perform in 2022?
AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND declined by 17.1% during 2022, moving from $1.2B to $1.0B in total assets. Net income was $-211,226,338.
Where can I find official filings for AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND?
Official Form 5500 filings for AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 366042061 or plan name at efast.dol.gov.
How does AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND compare to other plans?
You can compare AUTOMOBILE MECHANICS' LOCAL NO. 701 PENSION FUND against other Other plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 366042061.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.