Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Iron Workers Pension Plan of Western PA Pension Plan

Data updated 2026-08-25

$281M
Total assets Near avg plan size
1,034
Participants Near avg headcount
96th
Percentile by assets National rank
$271,544
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Iron Workers Pension Plan of Western Pennsylvania · Sponsored by Board of Trustees Iron Workers Pension Plan of Western PA · Pennsylvania · Construction

$281M in assets, 1,034 participants

Board of Trustees Iron Workers Pension Plan of Western PA's Iron Workers Pension Plan of Western Pennsylvania reported $281M in total assets and 1,034 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,593 in Construction (9,030 peers)

Where Iron Workers Pension Plan of Western Pennsylvania sits by assets

Iron Workers Pension Plan of Western Pennsylvania sits in the top 5% of all filed plans by assets, $281M for 1,034 participants (~$271,544/participant), up 6.2% in 2023.

#8,593
in Construction (9,030 peers)
+6.2%
assets growth YoY
2.8×
vs typical plan assets (national mean)

Iron Workers Pension Plan of Western Pennsylvania's outsized position by total assets

Iron Workers Pension Plan of Western Pennsylvania vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$280,776,867 Top 4% higher than 96% of 127,068 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 2023

Iron Workers Pension Plan of Western Pennsylvania's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Workers Pension Plan of Western Pennsylvania lands in the large band (1,034 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers Pension Plan of Western Pennsylvania reported net income rose from -$37M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Iron Workers Pension Plan of Western Pennsylvania end-of-year assets rose from $264M in the plan year 2022 filing to $281M in the plan year 2023 filing.
  • Iron Workers Pension Plan of Western Pennsylvania reported participants fell from 1,093 in the plan year 2022 filing to 1,034 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 251283169 · Board of Trustees Iron Workers Pension Plan of Western PA PY 2023 · Defined Benefit (Pension)

Iron Workers Pension Plan of Western Pennsylvania · $281M · 1,034 · 96th

  • BOOK $281M
  • BOOK 1,034
  • BOOK 96th
  • BOOK Defined Benefit (Pension)
  • BOOK near Inlandboatmen's Union of the Pacific National Pension Plan
  • BOOK ind #8593

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 Pennsylvania →

Iron Workers Pension Plan of Western Pennsylvania in the asset neighbourhood

Pafmg Cash Balance Plan II$282MSumitomo Mitsui Banking Corporation Retirement PlanSumitomo Mitsui Banking Corp…$281MInlandboatmen's Union of the Pacific National Pension PlanInlandboatmen's Union of the…$281MIron Workers Pension Plan of Western PennsylvaniaIron Workers Pension Plan of…$281MPension Plan of Newmont$280M
End-of-year total assets ($M) among Iron Workers Pension Plan of Western Pennsylvania and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$264M
Net Assets (End of Year)$281M
Net Income$16M
Employer EIN251283169
Plan Effective Date1959-01-12
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers Pension Plan of Western PA)

Sponsor-wide plan assets over time

All Board of Trustees Iron Workers Pension Plan of Western PA plans reported in each filing year

Latest sponsor-wide plan assets
$297M 12.231160927649306% vs 2022
2024 filing year
$260M$270M$280M$290M$300M$310M 202220232024 $264M $297M ▲ +12.2%
Year Plans Participants Total Assets
2022 1 1,093 $264M
2023 1 1,034 $281M
2024 1 968 $297M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Iron Workers Pension Plan of Western Pennsylvania vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Iron Workers Pension Plan of Western Pennsylvania, Total assets ($B): 0.280776867 · Participants: 1034Iron Workers Pension Plan of Western PennsylvaniaNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
Iron Workers Pension Plan of Western Pennsylvania vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Iron Workers Pension Plan of Western Pennsylvania side-by-side with 3 peers →

Iron Workers Pension Plan of Western Pennsylvania's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Inlandboatmen's Union of the Pacific National Pension Plan in OR ($281M); by covered participants it is Autoliv Asp, Inc. Pension Plan in UT (1,034 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($281M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,034 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Iron Workers Pension Plan of Western Pennsylvania assets move in 2023? ▼
Iron Workers Pension Plan of Western Pennsylvania grew at a solid clip - up 6.2% during 2023, from $264M to $281M. Reported net income was $16M.
How have Board of Trustees Iron Workers Pension Plan of Western PA plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Pension Plan of Western PA's sponsor-wide assets grew 12.2%, from $264M to $297M.
Where does Iron Workers Pension Plan of Western Pennsylvania rank by assets among Form 5500 filers? ▼
Iron Workers Pension Plan of Western Pennsylvania ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Iron Workers Pension Plan of Western Pennsylvania? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Inlandboatmen's Union of the Pacific National Pension Plan in OR ($281M, 1,328 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers Pension Plan of Western Pennsylvania? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Autoliv Asp, Inc. Pension Plan in UT (1,034 participants, $204M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 251283169.

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.