Money Purchase · DOL Form 5500 · 2023

Local 51 Money Purchase Plan

Data updated 2026-08-25

$73M
Total assets Below avg plan size
1,273
Participants Near avg headcount
89th
Percentile by assets National rank
$57,717
Avg per participant Low balance/head
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Official DOL plan name: Plumbers & Pipefitters Local Union #51 Annuity Plan · Sponsored by Local 51 · Rhode Island · Finance & Insurance

$73M in assets, 1,273 participants

Local 51's Plumbers & Pipefitters Local Union #51 Annuity Plan reported $73M in total assets and 1,273 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,361 in Finance & Insurance (8,869 peers)

Where Plumbers & Pipefitters Local Union #51 Annuity Plan sits by assets

Plumbers & Pipefitters Local Union #51 Annuity Plan sits in the top quartile of all filed plans by assets, $73M for 1,273 participants (~$57,717/participant), up 15.1% in 2023.

#7,361
in Finance & Insurance (8,869 peers)
+15.1%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Plumbers & Pipefitters Local Union #51 Annuity Plan's outsized position by total assets

Plumbers & Pipefitters Local Union #51 Annuity Plan vs every filed plan by assets

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

$73,474,231 Top 11% higher than 89% 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 & Pipefitters Local Union #51 Annuity Plan'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. Plumbers & Pipefitters Local Union #51 Annuity Plan lands in the large band (1,273 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Plumbers & Pipefitters Local Union #51 Annuity Plan reported net income rose from -$11M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Plumbers & Pipefitters Local Union #51 Annuity Plan end-of-year assets rose from $64M in the plan year 2022 filing to $73M in the plan year 2023 filing.
  • Plumbers & Pipefitters Local Union #51 Annuity Plan reported participants rose from 1,261 in the plan year 2022 filing to 1,273 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 050504791 · Local 51 PY 2023 · Money Purchase

Plumbers & Pipefitters Local Union #51 Annuity Plan · $73M · 1,273 · 89th

  • VS-ST $73M
  • VS-ST 1,273
  • VS-ST 89th
  • VS-ST Money Purchase
  • VS-ST near Public Health Management Corp. Employees' Money Purchase Pension Plan
  • VS-ST ind #7361

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 Finance & Insurance retirement plans → · Plans in Rhode Island →

Plumbers & Pipefitters Local Union #51 Annuity Plan in the asset neighbourhood

IBEW Local 508 Pension Fund$74MPlumbers & Pipefitters Local Union #51 Annuity PlanPlumbers & Pipefitters Local…$73MPublic Health Management Corp. Employees' Money Purchase Pension PlanPublic Health Management Cor…$73MMary Rutan Health Association of Logan County Employees Pension PlanMary Rutan Health Associatio…$72MRiverdale Country School Defined Contribution Retirement PlanRiverdale Country School Def…$72M
End-of-year total assets ($M) among Plumbers & Pipefitters Local Union #51 Annuity Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$73M
Net Income$10M
Employer EIN050504791
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Local 51)

Sponsor-wide plan assets over time

All Local 51 plans reported in each filing year

Latest sponsor-wide plan assets
$83M 29.86195057443971% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $63.8M $82.9M ▲ +29.9%
Year Plans Participants Total Assets
2022 1 1,261 $64M
2023 1 1,273 $73M
2024 1 1,305 $83M

Nearby Money Purchase Plans in Rhode Island

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Plumbers & Pipefitters Local Union #51 Annuity Plan vs. nearby Money Purchase plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 050100150200250 Total assets ($M) Participants Plumbers & Pipefitters Local Union #51 Annuity Plan, Total assets ($M): 73.474231 · Participants: 1273Plumbers & Pipefitters Local Union #51 Annuity PlanRhode Island Laborers Annuity Fund, Total assets ($M): 226.775912 · Participants: 9169Rhode Island Laborers Annuity FundInternational Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan, Total assets ($M): 143.118637 · Participants: 994International Brotherhood of Electrical Workers Local Union No. 99 Annuity PlanAmerican Mathematical Society Retirement Plan, Total assets ($M): 59.28765 · Participants: 171American Mathematical Society Retirement PlanRhode Island Sheet Metal Workers Local 17 Annuity Fund, Total assets ($M): 21.475423 · Participants: 202Rhode Island Sheet Metal Workers Local 17 Annuity FundBlackstone Valley Community Health Care Retirement Plan, Total assets ($M): 15.821311 · Participants: 221Blackstone Valley Community Health Care Retirement Plan
Plumbers & Pipefitters Local Union #51 Annuity Plan vs. nearby Money Purchase plans in Rhode Island, assets vs. participants
Compare Plumbers & Pipefitters Local Union #51 Annuity Plan side-by-side with 3 peers →

Plumbers & Pipefitters Local Union #51 Annuity Plan's out-of-state Money Purchase peers by assets and headcount

Outside Rhode Island, the nearest Money Purchase by assets is Public Health Management Corp. Employees' Money Purchase Pension Plan in PA ($73M); by covered participants it is Hawaii Masons and Plasterers Annuity Plan in HI (1,254 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,273 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 & Pipefitters Local Union #51 Annuity Plan assets move in 2023? ▼
Plumbers & Pipefitters Local Union #51 Annuity Plan grew sharply - up 15.1% during 2023, from $64M to $73M. Reported net income was $10M.
How have Local 51 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Local 51's sponsor-wide assets grew 29.9%, from $64M to $83M.
Where does Plumbers & Pipefitters Local Union #51 Annuity Plan rank by assets among Form 5500 filers? ▼
Plumbers & Pipefitters Local Union #51 Annuity Plan ranks in the 89th 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 Money Purchase plans are similar in size to Plumbers & Pipefitters Local Union #51 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Public Health Management Corp. Employees' Money Purchase Pension Plan in PA ($73M, 1,308 participants).
Which Money Purchase plans cover a similar participant headcount to Plumbers & Pipefitters Local Union #51 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Hawaii Masons and Plasterers Annuity Plan in HI (1,254 participants, $117M 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 050504791.

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.