Defined Benefit (Pension) · DOL Form 5500 · 2022
Pipe & Refrigeration Fitters Local 537 Pension Plan
Data updated 2026-08-11
- $828M
- Total assets
- 2,107
- Participants
- 99th
- Percentile by assets
- $393,113
- Avg per participant
Official DOL plan name: Pipefitters Union Local No. 537 Pension Fund · Sponsored by Pipe & Refrigeration Fitters Local 537 · Massachusetts · Construction
$828M in assets, 2,107 participants
Pipe & Refrigeration Fitters Local 537's Pipefitters Union Local No. 537 Pension Fund reported $828M in total assets and 2,107 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #9,795 in Construction (9,927 peers)
Coverage in Massachusetts
Pipefitters Union Local No. 537 Pension Fund covers 2,107 participants in Massachusetts, 3.2x the typical Massachusetts plan (state average ~659 per filing). Assets: $828M.
- $828M
- total plan assets (2022 EOY)
- 2,107
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $393,113
- avg assets per participant
The plan reported a net loss of $29M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Pipefitters Union Local No. 537 Pension Fund reports 2,107 participants - 3.2x that state average ($828M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $848M |
|---|---|
| Net Assets (End of Year) | $794M |
| Net Income | -$29M |
| Employer EIN | 516030859 |
| Plan Effective Date | 1956-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Pipe & Refrigeration Fitters Local 537)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,107 | $828M |
| 2023 | 1 | 2,202 | $902M |
| 2024 | 1 | 2,310 | $962M |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pipefitters Union Local No. 537 Pension Fund vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $9.1B · 55,495
- Liberty Mutual Retirement Benefit Plan $6.8B · 33,087
- Massachusetts Institute of Technology Basic Retirement Plan $5.3B · 11,835
- N. Atlantic States Carp. Pension Fund $4.8B · 17,323
- N. Atlantic States Carp. Guaranteed Annuity Fund $3.6B · 10,962
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pipefitters Union Local No. 537 Pension Fund by total assets, not by location.
- Washington Gas Light Company Employees' Pension Plan (DC) $828M · 598
- Pension Plan of L'oreal USA, Inc. (NJ) $829M · 6,050
- Local No. 731, I.B. of T., Pension Fund (IL) $830M · 3,312
- Astrazeneca Defined Benefit Pension Plan (DE) $833M · 562
Frequently Asked Questions
How did Pipefitters Union Local No. 537 Pension Fund assets move in 2022? ▼
How have Pipe & Refrigeration Fitters Local 537 plan assets changed over time? ▼
Where does Pipefitters Union Local No. 537 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Pipefitters Union Local No. 537 Pension Fund? ▼
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Filing takeaways
Ways to act on Pipefitters Union Local No. 537 Pension Fund's numbers.
- By total assets, Pipefitters Union Local No. 537 Pension Fund 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 Massachusetts. Compare plans
- Pipe & Refrigeration Fitters Local 537's sponsor-wide assets have grown 16.2% since 2022 across 3 plan years on file. More Construction plans