Defined Benefit (Pension) · DOL Form 5500 · 2022

Trustees of the Plumbers and Pipefitters Local 553 Pension Plan

Data updated 2026-08-11

$50M
Total assets
218
Participants
88th
Percentile by assets
$228,788
Avg per participant
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Official DOL plan name: Plumbers and Pipefitters Local Union 553 Pension Plan · Sponsored by Trustees of the Plumbers and Pipefitters Local 553 · Illinois · Construction

$50M in assets, 218 participants

Trustees of the Plumbers and Pipefitters Local 553's Plumbers and Pipefitters Local Union 553 Pension Plan reported $50M in total assets and 218 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.

  • 88th percentile by assets (of 139,126 plans)
  • #8,568 in Construction (9,927 peers)

Coverage in Illinois

Plumbers and Pipefitters Local Union 553 Pension Plan covers 218 participants in Illinois, about 28% of the average Illinois filer (state average ~779 per filing). Assets: $50M.

$50M
total plan assets (2022 EOY)
218
covered participants
88th
percentile by assets (of 139,126 plans)
$228,788
avg assets per participant

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Plumbers and Pipefitters Local Union 553 Pension Plan sits by total assets

Plumbers and Pipefitters Local Union 553 Pension Plan vs every filed plan by assets

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

$49,875,854 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Illinois
Industry
Construction

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Plumbers and Pipefitters Local Union 553 Pension Plan reports 218 participants - about 28% of that state average ($50M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$50M
Net Income-$11M
Employer EIN376052808
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the Plumbers and Pipefitters Local 553)

$45M$50M$55M$60M$65M 202220232024 $49.9M $59.7M ▲ +19.6%
Total plan assets by year, all Trustees of the Plumbers and Pipefitters Local 553 plans on file
Year Plans Participants Total Assets
2022 1 218 $50M
2023 1 245 $54M
2024 1 273 $60M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Plumbers and Pipefitters Local Union 553 Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1001020304050 Total assets ($B) Participants Plumbers and Pipefit…, Total assets ($B): 0.049875854 · Participants: 218Plumbers and Pipefit…Central States, Sout…, Total assets ($B): 42.629770802 · Participants: 50096Central States, Sout…State Farm Insurance…, Total assets ($B): 32.129102809 · Participants: 49052State Farm Insurance…United Food & Commer…, Total assets ($B): 7.958716532 · Participants: 20170United Food & Commer…John Deere Pension P…, Total assets ($B): 7.304502684 · Participants: 0John Deere Pension P…Abbott Laboratories …, Total assets ($B): 6.770339506 · Participants: 16809Abbott Laboratories …
Plumbers and Pipefitters Local Union 553 Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Plumbers and Pipefitters Local Union 553… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Plumbers and Pipefitters Local Union 553 Pension Plan by total assets, not by location.

Frequently Asked Questions

How did Plumbers and Pipefitters Local Union 553 Pension Plan assets move in 2022? ▼
Plumbers and Pipefitters Local Union 553 Pension Plan declined sharply - down 17.8% during 2022, from $61M to $50M. Reported net income was -$11M.
How have Trustees of the Plumbers and Pipefitters Local 553 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the Plumbers and Pipefitters Local 553's sponsor-wide assets grew 19.7%, from $50M to $60M.
Where does Plumbers and Pipefitters Local Union 553 Pension Plan rank by assets among Form 5500 filers? ▼
Plumbers and Pipefitters Local Union 553 Pension Plan 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 Plumbers and Pipefitters Local Union 553 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Permanente Dentists Retirement Plan for Permanente Dental Associates in OR ($50M, 150 participants).

Next read for Plumbers and Pipefitters Local Union 553…

Filing takeaways

Ways to act on Plumbers and Pipefitters Local Union 553 Pension Plan's numbers.

  • By total assets, Plumbers and Pipefitters Local Union 553 Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
  • Trustees of the Plumbers and Pipefitters Local 553's sponsor-wide assets have grown 19.7% since 2022 across 3 plan years on file. More Construction plans

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 376052808.

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.