Defined Benefit (Pension) · DOL Form 5500 · 2022

Iron Workers No 28 Pension Fund Pension Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
249
Participants Below avg headcount
88th
Percentile by assets National rank
$195,083
Avg per participant Above avg balance/head
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Official DOL plan name: Iron Workers No 28 Pension Fund · Sponsored by Iron Workers No 28 Pension Fund · Virginia · Construction

$49M in assets, 249 participants

Iron Workers No 28 Pension Fund's Iron Workers No 28 Pension Fund reported $49M in total assets and 249 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.

  • #8,550 in Construction (9,927 peers)

Coverage in Virginia

Iron Workers No 28 Pension Fund covers 249 participants in Virginia, about 32% of the average Virginia filer (state average ~782 per filing). Assets: $49M.

#8,550
in Construction (9,927 peers)
-11.2%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Iron Workers No 28 Pension Fund's outsized position by total assets

Iron Workers No 28 Pension Fund vs every filed plan by assets

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

$48,575,588 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

Iron Workers No 28 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. Iron Workers No 28 Pension Fund sits mid-pack in the medium band (249 participants).

DOL schedule card

Filing strip 546112218 · Iron Workers No 28 Pension Fund PY 2022 · Defined Benefit (Pension)

Iron Workers No 28 Pension Fund · $49M · 249 · 88th

  • SCH $49M
  • EBSA 249
  • PART 88th
  • TYPE Defined Benefit (Pension)
  • NET near Lester E Cox Medical Centers Pension Plan a
  • BOOK ind #8550

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 Virginia →

Iron Workers No 28 Pension Fund in the asset neighbourhood

Pension Plan of Wisconsin Farm Bureau Federation & AffiliatesPension Plan of Wisconsin Fa…$49MIron Workers No 28 Pension FundIron Workers No 28 Pension F…$49MLester E Cox Medical Centers Pension Plan aLester E Cox Medical Centers…$49MHyster-Yale Group, Inc. Combined Pension PlanHyster-Yale Group, Inc. Comb…$49MThe Frick Collection Employees Retirement PlanThe Frick Collection Employe…$49M
End-of-year total assets ($M) among Iron Workers No 28 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$49M
Net Income-$6M
Employer EIN546112218
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Workers No 28 Pension Fund)

Sponsor-wide plan assets over time

All Iron Workers No 28 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$62M 27.950836127809715% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $48.6M $62.2M ▲ +27.9%
Year Plans Participants Total Assets
2022 1 249 $49M
2023 1 236 $54M
2024 1 236 $62M

Nearby Defined Benefit (Pension) Plans in Virginia

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

Iron Workers No 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Iron Workers No 28 Pension Fund, Total assets ($B): 0.048575588 · Participants: 249Iron Workers No 28 Pension FundNorthrop Grumman Pension Plan, Total assets ($B): 18.331391337 · Participants: 14867Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 9.385168374 · Participants: 54531Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.061267673 · Participants: 7799Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 7.265847838 · Participants: 12832Dominion Energy Pension PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 7.155241333 · Participants: 61068Sheet Metal Workers' National Pension Fund
Iron Workers No 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Iron Workers No 28 Pension Fund side-by-side with 3 peers →

Iron Workers No 28 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Lester E Cox Medical Centers Pension Plan a in MO ($49M); by covered participants it is Franklin Electric Co., Inc. Pension Plan in IN (249 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (249 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 Iron Workers No 28 Pension Fund assets move in 2022? ▼
Iron Workers No 28 Pension Fund pulled back noticeably - down 11.2% during 2022, from $55M to $49M. Reported net income was -$6M.
How have Iron Workers No 28 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Workers No 28 Pension Fund's sponsor-wide assets grew 28.0%, from $49M to $62M.
Where does Iron Workers No 28 Pension Fund rank by assets among Form 5500 filers? ▼
Iron Workers No 28 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 Iron Workers No 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Lester E Cox Medical Centers Pension Plan a in MO ($49M, 1,203 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers No 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Franklin Electric Co., Inc. Pension Plan in IN (249 participants, $109M 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 546112218.

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.