401(k) · DOL Form 5500 · 2022

Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution 401(k) Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
3,347
Participants Above avg headcount
88th
Percentile by assets National rank
$14,529
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mechanics Local No. 701 Defined Contribution 401(K · Sponsored by Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution · Illinois · Other Services

$49M in assets, 3,347 participants

Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution's Mechanics Local No. 701 Defined Contribution 401(K reported $49M in total assets and 3,347 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.

  • #7,941 in Other Services (8,398 peers)

Coverage in Illinois

Mechanics Local No. 701 Defined Contribution 401(K covers 3,347 participants in Illinois, 4.3x the typical Illinois plan (state average ~779 per filing). Assets: $49M.

#7,941
in Other Services (8,398 peers)
-2.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $975K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mechanics Local No. 701 Defined Contribution 401(K's outsized position by total assets

Mechanics Local No. 701 Defined Contribution 401(K vs every filed plan by assets

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

$48,630,232 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

Mechanics Local No. 701 Defined Contribution 401(K's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mechanics Local No. 701 Defined Contribution 401(K lands in the large band (3,347 participants).

Published 5500 schedule card

Filing strip 471959684 · Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution PY 2022 · 401(k)

Mechanics Local No. 701 Defined Contribution 401(K · $49M · 3,347 · 88th

  • IND $49M
  • IND 3,347
  • IND 88th
  • IND 401(k)
  • IND near Radiology Consultants of Iowa, PLC 401(k) Plan
  • IND ind #7941

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 Other Services retirement plans → · Plans in Illinois →

Mechanics Local No. 701 Defined Contribution 401(K in the asset neighbourhood

Cincom Systems, Inc. 401(k) PlanCincom Systems, Inc. 401(k) …$49MSentinel Benefits Group, Inc. Profit Sharing & 401(k) TrustSentinel Benefits Group, Inc…$49MMechanics Local No. 701 Defined Contribution 401(KMechanics Local No. 701 Defi…$49MRadiology Consultants of Iowa, PLC 401(k) PlanRadiology Consultants of Iow…$49MRodan & Fields, LLC 401(k) PlanRodan & Fields, LLC 401(k) P…$49M
End-of-year total assets ($M) among Mechanics Local No. 701 Defined Contribution 401(K and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$49M
Net Income-$975K
Employer EIN471959684
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution)

Sponsor-wide plan assets over time

All Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution plans reported in each filing year

Latest sponsor-wide plan assets
$83M 70.48468532907678% vs 2022
2024 filing year
$40M$60M$80M$100M 202220232024 $48.6M $82.9M ▲ +70.5%
Year Plans Participants Total Assets
2022 1 3,347 $49M
2023 1 3,663 $67M
2024 1 3,446 $83M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mechanics Local No. 701 Defined Contribution 401(K vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Mechanics Local No. 701 Defined Contribution 401(K, Total assets ($B): 0.048630232 · Participants: 3347Mechanics Local No. 701 Defined Contribution 401(KState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Mechanics Local No. 701 Defined Contribution 401(K vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Mechanics Local No. 701 Defined Contribution 401(K side-by-side with 3 peers →

Mechanics Local No. 701 Defined Contribution 401(K's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Radiology Consultants of Iowa, PLC 401(k) Plan in IA ($49M); by covered participants it is Lazer Spot, Inc. 401(k) Plan in GA (3,346 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,347 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 Mechanics Local No. 701 Defined Contribution 401(K assets move in 2022? ▼
Mechanics Local No. 701 Defined Contribution 401(K edged down modestly - down 2.0% during 2022, from $50M to $49M. Reported net income was -$975K.
How have Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution's sponsor-wide assets grew 70.5%, from $49M to $83M.
Where does Mechanics Local No. 701 Defined Contribution 401(K rank by assets among Form 5500 filers? ▼
Mechanics Local No. 701 Defined Contribution 401(K 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 401(k) plans are similar in size to Mechanics Local No. 701 Defined Contribution 401(K? ▼
Among 401(k) plans in other states, the closest by assets is Radiology Consultants of Iowa, PLC 401(k) Plan in IA ($49M, 100 participants).
Which 401(k) plans cover a similar participant headcount to Mechanics Local No. 701 Defined Contribution 401(K? ▼
Among 401(k) plans in other states, the closest by covered participants is Lazer Spot, Inc. 401(k) Plan in GA (3,346 participants, $28M 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 471959684.

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.