Defined Benefit (Pension) · DOL Form 5500 · 2022

Iron Range Plumbers & Fitters Local 589 Pension Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
143
Participants Small participant base
84th
Percentile by assets National rank
$223,132
Avg per participant Above avg balance/head
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Official DOL plan name: Iron Range Plumbers & Fitters Retirement Income Plan · Sponsored by Iron Range Plumbers & Fitters Local 589 · Minnesota · Construction

$32M in assets, 143 participants

Iron Range Plumbers & Fitters Local 589's Iron Range Plumbers & Fitters Retirement Income Plan reported $32M in total assets and 143 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #8,181 in Construction (9,927 peers)

Coverage in Minnesota

Iron Range Plumbers & Fitters Retirement Income Plan covers 143 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $32M.

#8,181
in Construction (9,927 peers)
+1.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Iron Range Plumbers & Fitters Retirement Income Plan's outsized position by total assets

Iron Range Plumbers & Fitters Retirement Income Plan vs every filed plan by assets

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

$31,907,942 Top 16% higher than 84% of 139,123 filed plans

This plan $0 $2,050,000,000 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

Iron Range Plumbers & Fitters Retirement Income Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Range Plumbers & Fitters Retirement Income Plan sits mid-pack in the medium band (143 participants).

Form 5500 schedule snapshot

Filing strip 416057633 · Iron Range Plumbers & Fitters Local 589 PY 2022 · Defined Benefit (Pension)

Iron Range Plumbers & Fitters Retirement Income Plan · $32M · 143 · 84th

  • PART $32M
  • TYPE 143
  • NET 84th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Pension Plan of the Pennsylvania Medical Society
  • BOY ind #8181

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 Minnesota →

Iron Range Plumbers & Fitters Retirement Income Plan in the asset neighbourhood

Bryce Corporation Pension PlanBryce Corporation Pension Pl…$32MIron Range Plumbers & Fitters Retirement Income PlanIron Range Plumbers & Fitter…$32MPension Plan of the Pennsylvania Medical SocietyPension Plan of the Pennsylv…$32MAvadian Credit Union Defined Benefit PlanAvadian Credit Union Defined…$32MThe Summit Federal Credit Union Pension PlanThe Summit Federal Credit Un…$32M
End-of-year total assets ($M) among Iron Range Plumbers & Fitters Retirement Income Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$32M
Net Income$601K
Employer EIN416057633
Plan Effective Date1965-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Range Plumbers & Fitters Local 589)

Sponsor-wide plan assets over time

All Iron Range Plumbers & Fitters Local 589 plans reported in each filing year

Latest sponsor-wide plan assets
$37M 17.12260853426398% vs 2022
2024 filing year
$30M$32M$34M$36M$38M 202220232024 $31.9M $37.4M ▲ +17.1%
Year Plans Participants Total Assets
2022 1 143 $32M
2023 1 151 $34M
2024 1 156 $37M

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Iron Range Plumbers & Fitters Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Iron Range Plumbers & Fitters Retirement Income Plan, Total assets ($B): 0.031907942 · Participants: 143Iron Range Plumbers & Fitters Retirement Income Plan3M Employee Retirement Income Plan, Total assets ($B): 14.047885796 · Participants: 121603M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 10.299849315 · Participants: 66434Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 3.940696075 · Participants: 25144The Travelers Pension PlanU.S. Bank Pension Plan, Total assets ($B): 3.73901396 · Participants: 55836U.S. Bank Pension PlanTarget Corporation Pension Plan, Total assets ($B): 3.348662968 · Participants: 50515Target Corporation Pension Plan
Iron Range Plumbers & Fitters Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Iron Range Plumbers & Fitters Retirement Income Plan side-by-side with 3 peers →

Iron Range Plumbers & Fitters Retirement Income Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Pension Plan of the Pennsylvania Medical Society in PA ($32M); by covered participants it is Weil, Gotshal & Manges Partners' Defined Benefit Plan in NY (143 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (143 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Iron Range Plumbers & Fitters Retirement Income Plan assets move in 2022? ▼
Iron Range Plumbers & Fitters Retirement Income Plan edged up modestly - up 1.7% during 2022, from $31M to $32M. Reported net income was $601K.
How have Iron Range Plumbers & Fitters Local 589 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Range Plumbers & Fitters Local 589's sponsor-wide assets grew 17.1%, from $32M to $37M.
Where does Iron Range Plumbers & Fitters Retirement Income Plan rank by assets among Form 5500 filers? ▼
Iron Range Plumbers & Fitters Retirement Income Plan ranks in the 84th 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 Iron Range Plumbers & Fitters Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan of the Pennsylvania Medical Society in PA ($32M, 16 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Range Plumbers & Fitters Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Weil, Gotshal & Manges Partners' Defined Benefit Plan in NY (143 participants, $343M in assets).

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 416057633.

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.