Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Cement Masons' Pension Fund Pension Plan

Data updated 2026-08-11

$495M
Total assets: 1,207
Participants: 97th
Percentile by assets: $410,425
Avg per participant

Official DOL plan name: Pension Fund of Cement Masons Union Local No. 502 · Sponsored by Board of Trustees Cement Masons' Pension Fund · Illinois · Construction

$495M in assets, 1,207 participants

Board of Trustees Cement Masons' Pension Fund's Pension Fund of Cement Masons Union Local No. 502 reported $495M in total assets and 1,207 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 127,072 plans)
#8,770 in Construction (9,030 peers)

Where Pension Fund of Cement Masons Union Local No. 502 sits by assets

Pension Fund of Cement Masons Union Local No. 502 sits in the top 5% of all filed plans by assets, $495M for 1,207 participants (~$410,425/participant), up 11.5% in 2023.

$495M
total plan assets (2023 EOY): 1,207
covered participants: 97th
percentile by assets (of 127,072 plans): $410,425
avg assets per participant

Pension Fund of Cement Masons Union Local No. 502 reported net income rose from -$58M in the plan year 2022 filing to $51M in the plan year 2023 filing.
Pension Fund of Cement Masons Union Local No. 502 end-of-year assets rose from $444M in the plan year 2022 filing to $495M in the plan year 2023 filing.
Pension Fund of Cement Masons Union Local No. 502 reported participants rose from 1,153 in the plan year 2022 filing to 1,207 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Illinois

Industry

Construction

Pension Fund of Cement Masons Union Local No. 502 vs the 2023 asset distribution

By assets, Pension Fund of Cement Masons Union Local No. 502 outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 5.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$444M
Net Assets (End of Year)	$494M
Net Income	$51M
Employer EIN	516034597
Plan Effective Date	1956-08-30
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Cement Masons' Pension Fund)

Total plan assets by year, all Board of Trustees Cement Masons' Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	1,153	$444M
2023	1	1,207	$495M
2024	1	1,243	$541M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Pension Fund of Cement Masons Union Local No. 502 vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants

Central States, Southeast & Southwest Areas Pension Plan $49.7B · 48,538
State Farm Insurance Companies Retirement Plan for United States Employees $35.2B · 45,001
United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,680
John Deere Pension Plan for Salaried Employees $8.0B · 16,346
Abbott Laboratories Annuity Retirement Plan $7.8B · 17,382

Compare Pension Fund of Cement Masons Union Loca… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pension Fund of Cement Masons Union Local No. 502 by total assets, not by location.

Huntsman Defined Benefit Pension Plan (TX) $495M · 599
Norton Rose Fulbright US LLP Pension Plan (TX) $495M · 275
American Air Liquide Holdings, Inc. Retirement Plan (TX) $495M · 679
32bj North Pension Fund (NY) $497M · 5,698

Frequently Asked Questions

How did Pension Fund of Cement Masons Union Local No. 502 assets move in 2023? ▼

Pension Fund of Cement Masons Union Local No. 502 grew at a solid clip - up 11.5% during 2023, from $444M to $495M. Reported net income was $51M.

How have Board of Trustees Cement Masons' Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Cement Masons' Pension Fund's sponsor-wide assets grew 21.8%, from $444M to $541M.

Where does Pension Fund of Cement Masons Union Local No. 502 rank by assets among Form 5500 filers? ▼

Pension Fund of Cement Masons Union Local No. 502 ranks in the 97th 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 Pension Fund of Cement Masons Union Local No. 502? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Huntsman Defined Benefit Pension Plan in TX ($495M, 599 participants).

Next read for Pension Fund of Cement Masons Union Loca…

Scale reading

Ways to act on Pension Fund of Cement Masons Union Local No. 502's numbers.

By total assets, Pension Fund of Cement Masons Union Local No. 502 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 Illinois. Compare plans
Board of Trustees Cement Masons' Pension Fund's sponsor-wide assets have grown 21.8% 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 516034597.