Defined Benefit (Pension) · DOL Form 5500 · 2022
Trustees of Pipe Fitters Retirement Fund Local 597 Pension Plan
Data updated 2026-08-11
- $2.5B
- Total assets
- 6,121
- Participants
- 100th
- Percentile by assets
- $405,040
- Avg per participant
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.
- 100th percentile by assets (of 139,126 plans)
- #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.
- $2.5B
- total plan assets (2022 EOY)
- 6,121
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $405,040
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Pipe Fitters Retirement Fund, Local 597 reports 6,121 participants - 7.9x that state average ($2.5B EOY assets).
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)
| 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.
Pipe Fitters Retirement Fund, Local 597 vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pipe Fitters Retirement Fund, Local 597 by total assets, not by location.
- 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
Frequently Asked Questions
How did Pipe Fitters Retirement Fund, Local 597 assets move in 2022? ▼
How have Trustees of Pipe Fitters Retirement Fund Local 597 plan assets changed over time? ▼
Where does Pipe Fitters Retirement Fund, Local 597 rank by assets among Form 5500 filers? ▼
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Next read for Pipe Fitters Retirement Fund, Local 597
Filing takeaways
Ways to act on Pipe Fitters Retirement Fund, Local 597's numbers.
- By total assets, Pipe Fitters Retirement Fund, Local 597 ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Trustees of Pipe Fitters Retirement Fund Local 597's sponsor-wide assets have grown 20.8% since 2022 across 3 plan years on file. More Construction plans