401(k) · DOL Form 5500 · 2023

Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution 401(k) Plan

Data updated 2026-08-25

$67M
Total assets Below avg plan size: 3,663
Participants Above avg headcount: 88th
Percentile by assets National rank: $18,402
Avg per participant Low balance/head

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Official DOL plan name: Mechanics Local No. 701 Defined Contribution 401(K · Sponsored by Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution · Illinois · Other Services

$67M in assets, 3,663 participants

Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution's Mechanics Local No. 701 Defined Contribution 401(K reported $67M in total assets and 3,663 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

#7,481 in Other Services (7,857 peers)

Coverage in Illinois

Mechanics Local No. 701 Defined Contribution 401(K covers 3,663 participants in Illinois, 4.7x the typical Illinois plan (state average ~779 per filing). Assets: $67M.

#7,481
in Other Services (7,857 peers): +38.6%
assets growth YoY: 0.7×
vs typical plan assets (national mean)

Mechanics Local No. 701 Defined Contribution 401(K's outsized position by total assets

Mechanics Local No. 701 Defined Contribution 401(K vs every filed plan by assets

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

$67,406,682 Top 12% higher than 88% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Mechanics Local No. 701 Defined Contribution 401(K'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. Mechanics Local No. 701 Defined Contribution 401(K lands in the large band (3,663 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Mechanics Local No. 701 Defined Contribution 401(K reported net income rose from -$975K in the plan year 2022 filing to $19M in the plan year 2023 filing.
Mechanics Local No. 701 Defined Contribution 401(K end-of-year assets rose from $49M in the plan year 2022 filing to $67M in the plan year 2023 filing.
Mechanics Local No. 701 Defined Contribution 401(K reported participants rose from 3,347 in the plan year 2022 filing to 3,663 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 471959684 · Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution PY 2023 · 401(k)

Mechanics Local No. 701 Defined Contribution 401(K · $67M · 3,663 · 88th

ASSETS $67M
ASSETS 3,663
ASSETS 88th
ASSETS 401(k)
ASSETS near Creative Testing Solutions 401(k) Retirement Savings Plan
ASSETS ind #7481

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 Other Services retirement plans → · Plans in Illinois →

End-of-year total assets ($M) among Mechanics Local No. 701 Defined Contribution 401(K and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)	$49M
Net Assets (End of Year)	$67M
Net Income	$19M
Employer EIN	471959684
Plan Effective Date	2015-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution)

Latest sponsor-wide plan assets: $83M 70.48468532907678% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	3,347	$49M
2023	1	3,663	$67M
2024	1	3,446	$83M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mechanics Local No. 701 Defined Contribution 401(K vs. nearby 401(k) plans in Illinois, assets vs. participants

Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
State Farm 401(k) Savings Plan $16.9B · 60,246
Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
United Airlines Pilot Retirement Account Plan $14.4B · 14,959
Walgreens Retirement Savings Plan $13.4B · 235,331

Compare Mechanics Local No. 701 Defined Contribution 401(K side-by-side with 3 peers →

Mechanics Local No. 701 Defined Contribution 401(K's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Creative Testing Solutions 401(k) Retirement Savings Plan in AZ ($67M); by covered participants it is P & M Holding Group, LLP & Affiliated Entities Tax Savings Plan in MI (3,660 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($67M here).

Creative Testing Solutions 401(k) Retirement Savings Plan (AZ) $67M · 739
Ufcw International Savings & Retirement Plan for U.S. Officers and Employees (DC) $67M · 257
Rubin and Rudman LLP 401(k) Profit Sharing Plan (MA) $67M · 128
Jkusa 401(k) Plan (CA) $67M · 161

Similar participant headcount

Nearest other-state filings by covered participants (3,663 participants); asset peers above are excluded.

P & M Holding Group, LLP & Affiliated Entities Tax Savings Plan (MI) 3,660 · 3 off
Noodles & Company 401(k) Plan (CO) 3,668 · 5 off
Resideo Technologies, Inc. 401(k) Plan (AZ) 3,658 · 5 off
Confluence Health 401(k) Plan and Trust (WA) 3,668 · 5 off

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 Mechanics Local No. 701 Defined Contribution 401(K assets move in 2023? ▼

Mechanics Local No. 701 Defined Contribution 401(K surged - up 38.6% during 2023, from $49M to $67M. Reported net income was $19M.

How have Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution's sponsor-wide assets grew 70.5%, from $49M to $83M.

Where does Mechanics Local No. 701 Defined Contribution 401(K rank by assets among Form 5500 filers? ▼

Mechanics Local No. 701 Defined Contribution 401(K ranks in the 88th 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 401(k) plans are similar in size to Mechanics Local No. 701 Defined Contribution 401(K? ▼

Among 401(k) plans in other states, the closest by assets is Creative Testing Solutions 401(k) Retirement Savings Plan in AZ ($67M, 739 participants).

Which 401(k) plans cover a similar participant headcount to Mechanics Local No. 701 Defined Contribution 401(K? ▼

Among 401(k) plans in other states, the closest by covered participants is P & M Holding Group, LLP & Affiliated Entities Tax Savings Plan in MI (3,660 participants, $655M 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 471959684.