Defined Benefit (Pension) · DOL Form 5500 · 2023

Plumbers Local 98 Defined Benefit Pension Fund Pension Plan

Data updated 2026-08-11

$258M
Total assets: 780
Participants: 96th
Percentile by assets: $330,205
Avg per participant

Official DOL plan name: Plumbers Local No 98 Defined Benefit Pension Fund · Sponsored by Plumbers Local 98 Defined Benefit Pension Fund · Michigan · Construction

$258M in assets, 780 participants

Plumbers Local 98 Defined Benefit Pension Fund's Plumbers Local No 98 Defined Benefit Pension Fund reported $258M in total assets and 780 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#8,562 in Construction (9,030 peers)

Where Plumbers Local No 98 Defined Benefit Pension Fund sits by assets

Plumbers Local No 98 Defined Benefit Pension Fund sits in the top 5% of all filed plans by assets, $258M for 780 participants (~$330,205/participant), up 14.3% in 2023.

$258M
total plan assets (2023 EOY): 780
covered participants: 96th
percentile by assets (of 127,072 plans): $330,205
avg assets per participant

Where Plumbers Local No 98 Defined Benefit Pension Fund sits by total assets

Plumbers Local No 98 Defined Benefit Pension Fund vs every filed plan by assets

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

$257,560,148 Top 4% higher than 96% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Plumbers Local No 98 Defined Benefit Pension Fund reported net income rose from -$33M in the plan year 2022 filing to $32M in the plan year 2023 filing.
Plumbers Local No 98 Defined Benefit Pension Fund end-of-year assets rose from $225M in the plan year 2022 filing to $258M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Construction

Plumbers Local No 98 Defined Benefit Pension Fund vs the 2023 asset distribution

By assets, Plumbers Local No 98 Defined Benefit Pension Fund outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$225M
Net Assets (End of Year)	$257M
Net Income	$32M
Employer EIN	383031916
Plan Effective Date	1993-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Plumbers Local 98 Defined Benefit Pension Fund)

Total plan assets by year, all Plumbers Local 98 Defined Benefit Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	774	$225M
2023	1	780	$258M
2024	1	814	$296M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Plumbers Local No 98 Defined Benefit Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
Ford Motor Company UAW Retirement Plan $19.3B · 26,442
Ford Motor Company General Retirement Plan $12.7B · 10,215
Dow Employees' Pension Plan $11.5B · 14,051
Fca US LLC UAW Pension Agreement $11.2B · 13,635

Compare Plumbers Local No 98 Defined Benefit Pen… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Plumbers Local No 98 Defined Benefit Pension Fund by total assets, not by location.

Ameritas Pension Plan (NE) $258M · 202
Smiths Group Pension Plan (DC) $258M · 587
United Association Local 7 Pension Plan (NY) $257M · 867
King & Spalding LLP Cash Balance Pension Plan (GA) $259M · 213

Frequently Asked Questions

How did Plumbers Local No 98 Defined Benefit Pension Fund assets move in 2023? ▼

Plumbers Local No 98 Defined Benefit Pension Fund grew at a solid clip - up 14.3% during 2023, from $225M to $258M. Reported net income was $32M.

How have Plumbers Local 98 Defined Benefit Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Plumbers Local 98 Defined Benefit Pension Fund's sponsor-wide assets grew 31.1%, from $225M to $296M.

Where does Plumbers Local No 98 Defined Benefit Pension Fund rank by assets among Form 5500 filers? ▼

Plumbers Local No 98 Defined Benefit Pension Fund ranks in the 96th 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 Plumbers Local No 98 Defined Benefit Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Ameritas Pension Plan in NE ($258M, 202 participants).

Next read for Plumbers Local No 98 Defined Benefit Pen…

Scale reading

Ways to act on Plumbers Local No 98 Defined Benefit Pension Fund's numbers.

By total assets, Plumbers Local No 98 Defined Benefit Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
Plumbers Local 98 Defined Benefit Pension Fund's sponsor-wide assets have grown 31.1% since 2022 across 3 plan years on file. More Construction 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 383031916.