Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Milwaukee Drivers Pension Fund Pension Plan

Data updated 2026-08-25

$981M
Total assets Above avg plan size
2,422
Participants Above avg headcount
99th
Percentile by assets National rank
$405,060
Avg per participant High balance/head
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Official DOL plan name: Milwaukee Drivers Pension Plan · Sponsored by Board of Trustees Milwaukee Drivers Pension Fund · Wisconsin · Transportation & Warehousing

$981M in assets, 2,422 participants

Board of Trustees Milwaukee Drivers Pension Fund's Milwaukee Drivers Pension Plan reported $981M in total assets and 2,422 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.

  • #3,286 in Transportation & Warehousing (3,362 peers)

Coverage in Wisconsin

Milwaukee Drivers Pension Plan covers 2,422 participants in Wisconsin, 4.3x the typical Wisconsin plan (state average ~563 per filing). Assets: $981M.

#3,286
in Transportation & Warehousing (3,362 peers)
+12.0%
assets growth YoY
9.8×
vs typical plan assets (national mean)

Milwaukee Drivers Pension Plan's outsized position by total assets

Milwaukee Drivers Pension Plan vs every filed plan by assets

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

$981,055,478 Top 1% higher than 99% 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

Milwaukee Drivers Pension 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. Milwaukee Drivers Pension Plan lands in the large band (2,422 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Milwaukee Drivers Pension Plan reported net income rose from -$122M in the plan year 2022 filing to $105M in the plan year 2023 filing.
  • Milwaukee Drivers Pension Plan end-of-year assets rose from $876M in the plan year 2022 filing to $981M in the plan year 2023 filing.
  • Milwaukee Drivers Pension Plan reported participants rose from 2,288 in the plan year 2022 filing to 2,422 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 396045229 · Board of Trustees Milwaukee Drivers Pension Fund PY 2023 · Defined Benefit (Pension)

Milwaukee Drivers Pension Plan · $981M · 2,422 · 99th

  • PART $981M
  • TYPE 2,422
  • NET 99th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Mutual of Omaha Retirement Income Plan
  • BOY ind #3286

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 Transportation & Warehousing retirement plans → · Plans in Wisconsin →

Milwaukee Drivers Pension Plan in the asset neighbourhood

Ashland Hercules Pension Plan$984MMilwaukee Drivers Pension PlanMilwaukee Drivers Pension Pl…$981MMutual of Omaha Retirement Income PlanMutual of Omaha Retirement I…$979MMondelez Global LLC Retirement PlanMondelez Global LLC Retireme…$979MUnited Brotherhood of Carpenters Pension Fund United States SegmentUnited Brotherhood of Carpen…$979M
End-of-year total assets ($M) among Milwaukee Drivers Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Wisconsin filing particulars

Total Assets (Beginning of Year)$876M
Net Assets (End of Year)$980M
Net Income$105M
Employer EIN396045229
Plan Effective Date1956-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Milwaukee Drivers Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Milwaukee Drivers Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 23.299183600408867% vs 2022
2024 filing year
$0.8B$0.9B$1B$1.1B 202220232024 $0.88B $1.08B ▲ +22.7%
Year Plans Participants Total Assets
2022 1 2,288 $876M
2023 1 2,422 $981M
2024 1 2,366 $1.1B

Nearby Defined Benefit (Pension) Plans in Wisconsin

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

Milwaukee Drivers Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. 020004000600080001000012000 01234 Total assets ($B) Participants Milwaukee Drivers Pension Plan, Total assets ($B): 0.981055478 · Participants: 2422Milwaukee Drivers Pension PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
Milwaukee Drivers Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Milwaukee Drivers Pension Plan side-by-side with 3 peers →

Milwaukee Drivers Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Mutual of Omaha Retirement Income Plan in NE ($979M); by covered participants it is Shands Healthcare Pension Plan II in FL (2,422 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($981M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,422 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 Milwaukee Drivers Pension Plan assets move in 2023? ▼
Milwaukee Drivers Pension Plan grew at a solid clip - up 12.0% during 2023, from $876M to $981M. Reported net income was $105M.
How have Board of Trustees Milwaukee Drivers Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Milwaukee Drivers Pension Fund's sponsor-wide assets grew 23.3%, from $876M to $1.1B.
Where does Milwaukee Drivers Pension Plan rank by assets among Form 5500 filers? ▼
Milwaukee Drivers Pension Plan 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 Milwaukee Drivers Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mutual of Omaha Retirement Income Plan in NE ($979M, 504 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Milwaukee Drivers Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Shands Healthcare Pension Plan II in FL (2,422 participants, $999M 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 396045229.

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.