Defined Benefit (Pension) · DOL Form 5500 · 2022
Trustees of Pipe Fitters Retirement Fund Local 597 Pension Plan
Data updated 2026-08-25
- $2.5B
- Total assets Very large vs avg
- 6,121
- Participants Above avg headcount
- 100th
- Percentile by assets National rank
- $405,040
- Avg per participant High balance/head
Official DOL plan name: Pipe Fitters Retirement Fund, Local 597 · Sponsored by Trustees of Pipe Fitters Retirement Fund Local 597 · Illinois · Construction
$2.5B in assets, 6,121 participants
Trustees of Pipe Fitters Retirement Fund Local 597's Pipe Fitters Retirement Fund, Local 597 reported $2.5B in total assets and 6,121 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- #9,892 in Construction (9,927 peers)
Coverage in Illinois
Pipe Fitters Retirement Fund, Local 597 covers 6,121 participants in Illinois, 7.9x the typical Illinois plan (state average ~779 per filing). Assets: $2.5B.
- #9,892
- in Construction (9,927 peers)
- -16.5%
- assets change YoY
- 25×
- vs typical plan assets (national mean)
The plan reported a net loss of $478M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Pipe Fitters Retirement Fund, Local 597's outsized position by total assets
Pipe Fitters Retirement Fund, Local 597 vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,479,251,204 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Pipe Fitters Retirement Fund, Local 597'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. Pipe Fitters Retirement Fund, Local 597 lands in the large band (6,121 participants).
DOL schedule card
Filing strip 626105084 · Trustees of Pipe Fitters Retirement Fund Local 597 PY 2022 · Defined Benefit (Pension)
Pipe Fitters Retirement Fund, Local 597 · $2.5B · 6,121 · 100th
- PCT $2.5B
- EIN 6,121
- RANK 100th
- PHOTO Defined Benefit (Pension)
- IND near Employees' Retirement Plan of Duke University
- EOY ind #9892
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 Illinois →
Pipe Fitters Retirement Fund, Local 597 in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $3.0B |
|---|---|
| Net Assets (End of Year) | $2.5B |
| Net Income | -$478M |
| Employer EIN | 626105084 |
| Plan Effective Date | 1955-01-05 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Pipe Fitters Retirement Fund Local 597)
Sponsor-wide plan assets over time
All Trustees of Pipe Fitters Retirement Fund Local 597 plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.0B 20.844725623858164% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,121 | $2.5B |
| 2023 | 1 | 6,266 | $2.7B |
| 2024 | 1 | 6,435 | $3.0B |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 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
Scale composition for Pipe Fitters Retirement Fund, Local 597
Pipe Fitters Retirement Fund, Local 597 reports $2.5B in end-of-year assets across 6,121 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $405,040 per participant (2.9x the national average assets-per-participant) . Net income for plan year 2022 was -$478M.
This plan identity (EIN 626105084, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.5B to $3.0B (+20.8%) while covered participants moved from 6,121 to 6,435 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,121 | $2.5B | This page |
| 2023 | 6,266 | $2.7B | Open filing |
| 2024 · index core | 6,435 | $3.0B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Pipe Fitters Retirement Fund, Local 597 (Defined Benefit (Pension), $3.0B, 6,435 participants)
Pipe Fitters Retirement Fund, Local 597's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Illinois, the nearest Defined Benefit (Pension) by assets is Employees' Retirement Plan of Duke University in NC ($2.5B); by covered participants it is American Airlines, Inc. Pilot Retirement Benefit Program in TX (6,074 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.5B here).
- Employees' Retirement Plan of Duke University (NC) $2.5B · 20,542
- Pension Plan of Public Service Enterprise Group Incorporated II (NJ) $2.5B · 9,939
- Northwell Health Pension Plan (NY) $2.5B · 666
- Southern Nevada Culinary and Bartenders Pension Plan (NV) $2.5B · 44,303
Similar participant headcount
Nearest other-state filings by covered participants (6,121 participants); asset peers above are excluded.
- American Airlines, Inc. Pilot Retirement Benefit Program (TX) 6,074 · 47 off
- Northern Light Health Retirement Partnership Plan (ME) 6,070 · 51 off
- Southern California Pipe Trades Retirement Fund (CA) 6,062 · 59 off
- The Cultural Institutions Pension Plan (NY) 6,188 · 67 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.