Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of the Iron Workers Local 498 Defined Benefit Plan Pension Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
151
Participants Small participant base
79th
Percentile by assets National rank
$201,223
Avg per participant Above avg balance/head
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Official DOL plan name: Iron Workers Local 498 Defined Benefit Plan · Sponsored by Trustees of the Iron Workers Local 498 Defined Benefit Plan · Illinois · Construction

$30M in assets, 151 participants

Trustees of the Iron Workers Local 498 Defined Benefit Plan's Iron Workers Local 498 Defined Benefit Plan reported $30M in total assets and 151 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #7,023 in Construction (9,030 peers)

Coverage in Illinois

Iron Workers Local 498 Defined Benefit Plan covers 151 participants in Illinois, about 19% of the average Illinois filer (state average ~779 per filing). Assets: $30M.

#7,023
in Construction (9,030 peers)
+9.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Iron Workers Local 498 Defined Benefit Plan's outsized position by total assets

Iron Workers Local 498 Defined Benefit Plan vs every filed plan by assets

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

$30,384,605 Top 21% higher than 79% 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 Local 498 Defined Benefit Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Workers Local 498 Defined Benefit Plan sits mid-pack in the medium band (151 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers Local 498 Defined Benefit Plan reported net income rose from -$6M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Iron Workers Local 498 Defined Benefit Plan end-of-year assets rose from $28M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • Iron Workers Local 498 Defined Benefit Plan reported participants rose from 146 in the plan year 2022 filing to 151 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 363119818 · Trustees of the Iron Workers Local 498 Defined Benefit Plan PY 2023 · Defined Benefit (Pension)

Iron Workers Local 498 Defined Benefit Plan · $30M · 151 · 79th

  • EIN $30M
  • EIN 151
  • EIN 79th
  • EIN Defined Benefit (Pension)
  • EIN near Bryce Corporation Pension Plan
  • EIN ind #7023

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 Illinois →

Iron Workers Local 498 Defined Benefit Plan in the asset neighbourhood

The University of Pennsylvania Penn Police Association Defined Benefit Retirement PlanThe University of Pennsylvan…$30MIron Workers Local 498 Defined Benefit PlanIron Workers Local 498 Defin…$30MBryce Corporation Pension PlanBryce Corporation Pension Pl…$30MTechnitrol, Inc. Retirement PlanTechnitrol, Inc. Retirement …$30MRehabilitation Hospital of the Pacific Retirement Plan for EmployeesRehabilitation Hospital of t…$30M
End-of-year total assets ($M) among Iron Workers Local 498 Defined Benefit Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$30M
Net Income$3M
Employer EIN363119818
Plan Effective Date1977-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the Iron Workers Local 498 Defined Benefit Plan)

Sponsor-wide plan assets over time

All Trustees of the Iron Workers Local 498 Defined Benefit Plan plans reported in each filing year

Latest sponsor-wide plan assets
$34M 23.54649110602061% vs 2022
2024 filing year
$26M$28M$30M$32M$34M$36M 202220232024 $27.8M $34.3M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 146 $28M
2023 1 151 $30M
2024 1 173 $34M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Iron Workers Local 498 Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants Iron Workers Local 498 Defined Benefit Plan, Total assets ($B): 0.030384605 · Participants: 151Iron Workers Local 498 Defined Benefit PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Iron Workers Local 498 Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Iron Workers Local 498 Defined Benefit Plan side-by-side with 3 peers →

Iron Workers Local 498 Defined Benefit Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Bryce Corporation Pension Plan in TN ($30M); by covered participants it is Radia, Inc., P.S. Cash Balance Plan in WA (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 Local 498 Defined Benefit Plan assets move in 2023? ▼
Iron Workers Local 498 Defined Benefit Plan grew at a solid clip - up 9.5% during 2023, from $28M to $30M. Reported net income was $3M.
How have Trustees of the Iron Workers Local 498 Defined Benefit Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the Iron Workers Local 498 Defined Benefit Plan's sponsor-wide assets grew 23.5%, from $28M to $34M.
Where does Iron Workers Local 498 Defined Benefit Plan rank by assets among Form 5500 filers? ▼
Iron Workers Local 498 Defined Benefit Plan ranks in the 79th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Iron Workers Local 498 Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Bryce Corporation Pension Plan in TN ($30M, 301 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers Local 498 Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Radia, Inc., P.S. Cash Balance Plan in WA (151 participants, $10M 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 363119818.

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.