Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Automobile Mechanics' Local No. 701 Pension Fund Pension Plan

Data updated 2026-08-11

$1.1B
Total assets: 3,964
Participants: 99th
Percentile by assets: $281,743
Avg per participant

Official DOL plan name: Automobile Mechanics' Local No. 701 Pension Fund · Sponsored by Trustees of Automobile Mechanics' Local No. 701 Pension Fund · Illinois · Other Services

$1.1B in assets, 3,964 participants

Trustees of Automobile Mechanics' Local No. 701 Pension Fund's Automobile Mechanics' Local No. 701 Pension Fund reported $1.1B in total assets and 3,964 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 127,072 plans)
#7,839 in Other Services (7,857 peers)

Coverage in Illinois

Automobile Mechanics' Local No. 701 Pension Fund covers 3,964 participants in Illinois, 5.1x the typical Illinois plan (state average ~779 per filing). Assets: $1.1B.

$1.1B
total plan assets (2023 EOY): 3,964
covered participants: 99th
percentile by assets (of 127,072 plans): $281,743
avg assets per participant

Automobile Mechanics' Local No. 701 Pension Fund reported net income rose from -$211M in the plan year 2022 filing to $91M in the plan year 2023 filing.
Automobile Mechanics' Local No. 701 Pension Fund end-of-year assets rose from $1.0B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
Automobile Mechanics' Local No. 701 Pension Fund reported participants fell from 4,330 in the plan year 2022 filing to 3,964 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Illinois

Industry

Other Services

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Automobile Mechanics' Local No. 701 Pension Fund reports 3,964 participants - 5.1x that state average ($1.1B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$1.0B
Net Assets (End of Year)	$1.1B
Net Income	$91M
Employer EIN	366042061
Plan Effective Date	1958-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of Automobile Mechanics' Local No. 701 Pension Fund)

Total plan assets by year, all Trustees of Automobile Mechanics' Local No. 701 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	4,330	$1.0B
2023	1	3,964	$1.1B
2024	1	3,962	$1.2B

Nearby Defined Benefit (Pension) Plans in Illinois

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

Automobile Mechanics' Local No. 701 Pension Fund 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 Automobile Mechanics' Local No. 701 Pens… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Automobile Mechanics' Local No. 701 Pension Fund by total assets, not by location.

Fmc Corporation Employees' Retirement Program (PA) $1.1B · 142
Employees' Retirement Plan of Consolidated Electrical Distributors, Inc. (TX) $1.1B · 1,943
Retirement System of the American National Red Cross (DC) $1.1B · 4,531
Ua Local 290 Plumber, Steamfitter & Shipfitter Pension Plan (OR) $1.1B · 3,351

Frequently Asked Questions

How did Automobile Mechanics' Local No. 701 Pension Fund assets move in 2023? ▼

Automobile Mechanics' Local No. 701 Pension Fund grew at a solid clip - up 9.1% during 2023, from $1.0B to $1.1B. Reported net income was $91M.

How have Trustees of Automobile Mechanics' Local No. 701 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Automobile Mechanics' Local No. 701 Pension Fund's sponsor-wide assets grew 19.9%, from $1.0B to $1.2B.

Where does Automobile Mechanics' Local No. 701 Pension Fund rank by assets among Form 5500 filers? ▼

Automobile Mechanics' Local No. 701 Pension Fund ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Automobile Mechanics' Local No. 701 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Fmc Corporation Employees' Retirement Program in PA ($1.1B, 142 participants).

Next read for Automobile Mechanics' Local No. 701 Pens…

Filing takeaways

Ways to act on Automobile Mechanics' Local No. 701 Pension Fund's numbers.

By total assets, Automobile Mechanics' Local No. 701 Pension Fund ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
Trustees of Automobile Mechanics' Local No. 701 Pension Fund's sponsor-wide assets have grown 19.9% since 2022 across 3 plan years on file. More Other Services 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 366042061.