Money Purchase
2022 plan-year Money Purchase DOL Form 5500

PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN

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

LOCAL 51

This Money Purchase plan holds $64M in total assets and serves 1,261 participants as of 2022. It is sponsored by LOCAL 51 in Rhode Island. The plan reported a net loss of $11M for the year.

Total Assets (2023)
$64M
Participants
1,261
State
Industry
Finance & Insurance

What the Filing Says About PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN

PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN is a Money Purchase retirement plan sponsored by LOCAL 51, headquartered in Rhode Island. As of the 2022 Form 5500 filing, the plan reports $64M in total end-of-year assets and covers 1,261 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 050504791, and the plan has been effective since 1999-04-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $75M at the beginning of 2022 to $64M at year-end — a decline of 15.2%. Net assets (after liabilities) closed the year at $64M, with reported net income of $-11,417,328 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)$75M
Total Assets (End of Year)$64M
Net Assets (End of Year)$64M
Net Income$-11,417,328
Plan TypeMoney Purchase
Employer EIN050504791
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (LOCAL 51)

Year Plans Participants Total Assets
2022 1 1,261 $64M
2023 1 1,273 $73M
2024 1 1,305 $83M

Nearby Money Purchase Plans in Rhode Island

Peer Money Purchase plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN?
As of the 2022 Form 5500 filing, PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN holds $64M in total assets with 1,261 participants. It is sponsored by LOCAL 51.
What type of plan is PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN?
PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN is a Money Purchase plan. It has been effective since 1999-04-01. The plan is filed with the U.S. Department of Labor under EIN 050504791.
Who sponsors the PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN?
PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN is sponsored by LOCAL 51, located in Rhode Island. The sponsor's EIN is 050504791 and the plan operates in the Finance & Insurance industry.
How did PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN perform in 2022?
PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN declined by 15.2% during 2022, moving from $75M to $64M in total assets. Net income was $-11,417,328.
Where can I find official filings for PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN?
Official Form 5500 filings for PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 050504791 or plan name at efast.dol.gov.
How does PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN compare to other plans?
You can compare PLUMBERS & PIPEFITTERS LOCAL UNION #51 ANNUITY PLAN against other Money Purchase plans on the plan type page, or view plans in Rhode Island on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 050504791.

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.