Defined Benefit (Pension) · DOL Form 5500 · 2023

Payroll & Insurance Group, Inc. Pension Plan

Data updated 2026-08-25

$197M
Total assets Near avg plan size
413
Participants Below avg headcount
95th
Percentile by assets National rank
$477,265
Avg per participant High balance/head
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Official DOL plan name: Metal Companies Multi-Employer Pension Plan · Sponsored by Payroll & Insurance Group, Inc. · Illinois · Professional & Technical Services

$197M in assets, 413 participants

Payroll & Insurance Group, Inc.'s Metal Companies Multi-Employer Pension Plan reported $197M in total assets and 413 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #19,488 in Professional & Technical Services (20,321 peers)

Where Metal Companies Multi-Employer Pension Plan sits by assets

Metal Companies Multi-Employer Pension Plan sits in the top 5% of all filed plans by assets, $197M for 413 participants (~$477,265/participant), up 6.0% in 2023.

#19,488
in Professional & Technical Services (20,321 peers)
+6.0%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Metal Companies Multi-Employer Pension Plan's outsized position by total assets

Metal Companies Multi-Employer Pension Plan vs every filed plan by assets

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

$197,110,632 Top 5% higher than 95% 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

Metal Companies Multi-Employer 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. Metal Companies Multi-Employer Pension Plan sits mid-pack in the medium band (413 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Metal Companies Multi-Employer Pension Plan reported net income rose from -$8M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Metal Companies Multi-Employer Pension Plan end-of-year assets rose from $186M in the plan year 2022 filing to $197M in the plan year 2023 filing.
  • Metal Companies Multi-Employer Pension Plan reported participants fell from 435 in the plan year 2022 filing to 413 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010606601 · Payroll & Insurance Group, Inc. PY 2023 · Defined Benefit (Pension)

Metal Companies Multi-Employer Pension Plan · $197M · 413 · 95th

  • NET $197M
  • BOOK 413
  • VS-ST 95th
  • BOY Defined Benefit (Pension)
  • SCH near Resideo Technologies, Inc. Pension Plan
  • EBSA ind #19488

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 Professional & Technical Services retirement plans → · Plans in Illinois →

Metal Companies Multi-Employer Pension Plan in the asset neighbourhood

United Association General Officers and Employees Pension FundUnited Association General O…$197MPlan for Retirement Allowances for Non Represented EmployeesPlan for Retirement Allowanc…$197MKloeckner Metals Defined Benefit PlanKloeckner Metals Defined Ben…$197MMetal Companies Multi-Employer Pension PlanMetal Companies Multi-Employ…$197MResideo Technologies, Inc. Pension PlanResideo Technologies, Inc. P…$197M
End-of-year total assets ($M) among Metal Companies Multi-Employer Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$186M
Net Assets (End of Year)$197M
Net Income$11M
Employer EIN010606601
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Payroll & Insurance Group, Inc.)

Sponsor-wide plan assets over time

All Payroll & Insurance Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$359M 21.558277258693117% vs 2022
2024 filing year
$280M$300M$320M$340M$360M$380M 202220232024 $296M $359M ▲ +21.6%
Year Plans Participants Total Assets
2022 2 1,573 $296M
2023 2 1,577 $329M
2024 2 1,594 $359M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Metal Companies Multi-Employer Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants Metal Companies Multi-Employer Pension Plan, Total assets ($B): 0.197110632 · Participants: 413Metal Companies Multi-Employer 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
Metal Companies Multi-Employer Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Metal Companies Multi-Employer Pension Plan side-by-side with 3 peers →

Metal Companies Multi-Employer Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Resideo Technologies, Inc. Pension Plan in AZ ($197M); by covered participants it is Stmicroelectronics, Inc. Retirement Plan in TX (413 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (413 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 Metal Companies Multi-Employer Pension Plan assets move in 2023? ▼
Metal Companies Multi-Employer Pension Plan grew at a solid clip - up 6.0% during 2023, from $186M to $197M. Reported net income was $11M.
How have Payroll & Insurance Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Payroll & Insurance Group, Inc.'s sponsor-wide assets grew 21.6%, from $296M to $359M.
Where does Metal Companies Multi-Employer Pension Plan rank by assets among Form 5500 filers? ▼
Metal Companies Multi-Employer Pension Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Metal Companies Multi-Employer Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Resideo Technologies, Inc. Pension Plan in AZ ($197M, 1,063 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Metal Companies Multi-Employer Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Stmicroelectronics, Inc. Retirement Plan in TX (413 participants, $278M 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 010606601.

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.