Defined Benefit (Pension) · DOL Form 5500 · 2023

Iron Workers No 28 Pension Fund Pension Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
236
Participants Below avg headcount
86th
Percentile by assets National rank
$230,088
Avg per participant Above avg balance/head
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Official DOL plan name: Iron Workers No 28 Pension Fund · Sponsored by Iron Workers No 28 Pension Fund · Virginia · Construction

$54M in assets, 236 participants

Iron Workers No 28 Pension Fund's Iron Workers No 28 Pension Fund reported $54M in total assets and 236 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,600 in Construction (9,030 peers)

Coverage in Virginia

Iron Workers No 28 Pension Fund covers 236 participants in Virginia, about 30% of the average Virginia filer (state average ~782 per filing). Assets: $54M.

#7,600
in Construction (9,030 peers)
+11.8%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Iron Workers No 28 Pension Fund's outsized position by total assets

Iron Workers No 28 Pension Fund vs every filed plan by assets

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

$54,300,849 Top 14% higher than 86% 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

Iron Workers No 28 Pension Fund 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. Iron Workers No 28 Pension Fund sits mid-pack in the medium band (236 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers No 28 Pension Fund reported net income rose from -$6M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Iron Workers No 28 Pension Fund end-of-year assets rose from $49M in the plan year 2022 filing to $54M in the plan year 2023 filing.
  • Iron Workers No 28 Pension Fund reported participants fell from 249 in the plan year 2022 filing to 236 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 546112218 · Iron Workers No 28 Pension Fund PY 2023 · Defined Benefit (Pension)

Iron Workers No 28 Pension Fund · $54M · 236 · 86th

  • BOOK $54M
  • VS-ST 236
  • BOY 86th
  • SCH Defined Benefit (Pension)
  • EBSA near Central Ohio Ufcw Unions and Retail Employers Pension Plan
  • PART ind #7600

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 Construction retirement plans → · Plans in Virginia →

Iron Workers No 28 Pension Fund in the asset neighbourhood

Univest Financial Corporation Retirement PlanUnivest Financial Corporatio…$54MTeamsters Local 211 Pension FundTeamsters Local 211 Pension …$54MPlumbers and Pipefitters Local Union 553 Pension PlanPlumbers and Pipefitters Loc…$54MCentral Ohio Ufcw Unions and Retail Employers Pension PlanCentral Ohio Ufcw Unions and…$54MIron Workers No 28 Pension FundIron Workers No 28 Pension F…$54M
End-of-year total assets ($M) among Iron Workers No 28 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$54M
Net Income$6M
Employer EIN546112218
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Workers No 28 Pension Fund)

Sponsor-wide plan assets over time

All Iron Workers No 28 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$62M 27.950836127809715% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $48.6M $62.2M ▲ +27.9%
Year Plans Participants Total Assets
2022 1 249 $49M
2023 1 236 $54M
2024 1 236 $62M

Nearby Defined Benefit (Pension) Plans in Virginia

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

Iron Workers No 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Iron Workers No 28 Pension Fund, Total assets ($B): 0.054300849 · Participants: 236Iron Workers No 28 Pension FundNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
Iron Workers No 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Iron Workers No 28 Pension Fund side-by-side with 3 peers →

Iron Workers No 28 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Central Ohio Ufcw Unions and Retail Employers Pension Plan in OH ($54M); by covered participants it is Harbisonwalker International, Inc. Salary Pension Plan in PA (236 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (236 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 Iron Workers No 28 Pension Fund assets move in 2023? ▼
Iron Workers No 28 Pension Fund grew at a solid clip - up 11.8% during 2023, from $49M to $54M. Reported net income was $6M.
How have Iron Workers No 28 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Workers No 28 Pension Fund's sponsor-wide assets grew 28.0%, from $49M to $62M.
Where does Iron Workers No 28 Pension Fund rank by assets among Form 5500 filers? ▼
Iron Workers No 28 Pension Fund ranks in the 86th 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 Defined Benefit (Pension) plans are similar in size to Iron Workers No 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Central Ohio Ufcw Unions and Retail Employers Pension Plan in OH ($54M, 1,208 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers No 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Harbisonwalker International, Inc. Salary Pension Plan in PA (236 participants, $140M 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 546112218.

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.