Defined Benefit (Pension) · DOL Form 5500 · 2022
Board of Trustees of Steamfitters Lu 420 Pension Plan Pension Plan
Data updated 2026-08-11
- $556M
- Total assets
- 2,457
- Participants
- 98th
- Percentile by assets
- $226,247
- Avg per participant
Official DOL plan name: Steamfitters Local Union No. 420 Pension Plan · Sponsored by Board of Trustees of Steamfitters Lu 420 Pension Plan · Pennsylvania · Construction
$556M in assets, 2,457 participants
Board of Trustees of Steamfitters Lu 420 Pension Plan's Steamfitters Local Union No. 420 Pension Plan reported $556M in total assets and 2,457 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 139,126 plans)
- #9,732 in Construction (9,927 peers)
Coverage in Pennsylvania
Steamfitters Local Union No. 420 Pension Plan covers 2,457 participants in Pennsylvania, 3.0x the typical Pennsylvania plan (state average ~822 per filing). Assets: $556M.
- $556M
- total plan assets (2022 EOY)
- 2,457
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $226,247
- avg assets per participant
The plan reported a net loss of $88M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Steamfitters Local Union No. 420 Pension Plan reports 2,457 participants - 3.0x that state average ($556M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $644M |
|---|---|
| Net Assets (End of Year) | $555M |
| Net Income | -$88M |
| Employer EIN | 232004424 |
| Plan Effective Date | 1989-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Steamfitters Lu 420 Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,457 | $556M |
| 2023 | 1 | 2,456 | $646M |
| 2024 | 1 | 2,398 | $644M |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Steamfitters Local Union No. 420 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $10.4B · 27,097
- Steelworkers Pension Trust $5.9B · 52,395
- The PNC Financial Services Group, Inc. Pension Plan $5.4B · 63,731
- Constellation Retirement Program $5.4B · 5,314
- The Bank of New York Mellon Corporation Pension Plan $5.0B · 8,098
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Steamfitters Local Union No. 420 Pension Plan by total assets, not by location.
- Meritor, Inc. Retirement Plan (IN) $556M · 679
- Invensys Pension Plan (IL) $556M · 366
- Iron Workers' Local No. 25 Pension Fund (MI) $555M · 1,766
- Iron Workers St. Louis District Council Pension Trust (MO) $555M · 1,835
Frequently Asked Questions
How did Steamfitters Local Union No. 420 Pension Plan assets move in 2022? ▼
How have Board of Trustees of Steamfitters Lu 420 Pension Plan plan assets changed over time? ▼
Where does Steamfitters Local Union No. 420 Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Steamfitters Local Union No. 420 Pension Plan? ▼
Next read for Steamfitters Local Union No. 420 Pension…
Filing takeaways
Ways to act on Steamfitters Local Union No. 420 Pension Plan's numbers.
- By total assets, Steamfitters Local Union No. 420 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- Board of Trustees of Steamfitters Lu 420 Pension Plan's sponsor-wide assets have grown 15.9% since 2022 across 3 plan years on file. More Construction plans