Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of the Plumbers and Pipefitters Local 553 Pension Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
245
Participants Below avg headcount
86th
Percentile by assets National rank
$221,739
Avg per participant Above avg balance/head
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Official DOL plan name: Plumbers and Pipefitters Local Union 553 Pension Plan · Sponsored by Trustees of the Plumbers and Pipefitters Local 553 · Illinois · Construction

$54M in assets, 245 participants

Trustees of the Plumbers and Pipefitters Local 553's Plumbers and Pipefitters Local Union 553 Pension Plan reported $54M in total assets and 245 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,602 in Construction (9,030 peers)

Coverage in Illinois

Plumbers and Pipefitters Local Union 553 Pension Plan covers 245 participants in Illinois, about 31% of the average Illinois filer (state average ~779 per filing). Assets: $54M.

#7,602
in Construction (9,030 peers)
+8.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Plumbers and Pipefitters Local Union 553 Pension Plan's outsized position by total assets

Plumbers and Pipefitters Local Union 553 Pension Plan vs every filed plan by assets

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

$54,326,114 Top 14% higher than 86% 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

Plumbers and Pipefitters Local Union 553 Pension 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. Plumbers and Pipefitters Local Union 553 Pension Plan sits mid-pack in the medium band (245 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Plumbers and Pipefitters Local Union 553 Pension Plan reported net income rose from -$11M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Plumbers and Pipefitters Local Union 553 Pension Plan reported participants rose from 218 in the plan year 2022 filing to 245 in the plan year 2023 filing.
  • Plumbers and Pipefitters Local Union 553 Pension Plan end-of-year assets rose from $50M in the plan year 2022 filing to $54M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 376052808 · Trustees of the Plumbers and Pipefitters Local 553 PY 2023 · Defined Benefit (Pension)

Plumbers and Pipefitters Local Union 553 Pension Plan · $54M · 245 · 86th

  • VS-ST $54M
  • VS-ST 245
  • VS-ST 86th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Central Ohio Ufcw Unions and Retail Employers Pension Plan
  • VS-ST ind #7602

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 →

Plumbers and Pipefitters Local Union 553 Pension Plan in the asset neighbourhood

Univest Financial Corporation Retirement PlanUnivest Financial Corporatio…$54MTeamsters Local 211 Pension FundTeamsters Local 211 Pension …$54MPlumbers and Pipefitters Local Union 553 Pension PlanPlumbers and Pipefitters Loc…$54MCentral Ohio Ufcw Unions and Retail Employers Pension PlanCentral Ohio Ufcw Unions and…$54MIron Workers No 28 Pension FundIron Workers No 28 Pension F…$54M
End-of-year total assets ($M) among Plumbers and Pipefitters Local Union 553 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$54M
Net Income$5M
Employer EIN376052808
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the Plumbers and Pipefitters Local 553)

Sponsor-wide plan assets over time

All Trustees of the Plumbers and Pipefitters Local 553 plans reported in each filing year

Latest sponsor-wide plan assets
$60M 19.661325498306255% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $49.9M $59.7M ▲ +19.6%
Year Plans Participants Total Assets
2022 1 218 $50M
2023 1 245 $54M
2024 1 273 $60M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Plumbers and Pipefitters Local Union 553 Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants Plumbers and Pipefitters Local Union 553 Pension Plan, Total assets ($B): 0.054326114 · Participants: 245Plumbers and Pipefitters Local Union 553 Pension 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
Plumbers and Pipefitters Local Union 553 Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Plumbers and Pipefitters Local Union 553 Pension Plan side-by-side with 3 peers →

Plumbers and Pipefitters Local Union 553 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Central Ohio Ufcw Unions and Retail Employers Pension Plan in OH ($54M); by covered participants it is Hyster-Yale Group, Inc. Combined Pension Plan in OH (245 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (245 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 Plumbers and Pipefitters Local Union 553 Pension Plan assets move in 2023? ▼
Plumbers and Pipefitters Local Union 553 Pension Plan grew at a solid clip - up 8.9% during 2023, from $50M to $54M. Reported net income was $5M.
How have Trustees of the Plumbers and Pipefitters Local 553 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the Plumbers and Pipefitters Local 553's sponsor-wide assets grew 19.7%, from $50M to $60M.
Where does Plumbers and Pipefitters Local Union 553 Pension Plan rank by assets among Form 5500 filers? ▼
Plumbers and Pipefitters Local Union 553 Pension Plan ranks in the 86th 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 Plumbers and Pipefitters Local Union 553 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Central Ohio Ufcw Unions and Retail Employers Pension Plan in OH ($54M, 1,208 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Plumbers and Pipefitters Local Union 553 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Hyster-Yale Group, Inc. Combined Pension Plan in OH (245 participants, $48M 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 376052808.

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.