Defined Benefit (Pension) · DOL Form 5500 · 2023
Trustees of Pipe Fitters Retirement Fund Local 597 Pension Plan
Data updated 2026-08-06
- $2.7B
- Total assets
- 6,266
- Participants
- 99th
- Percentile by assets
- $434,546
- Avg per participant
Official DOL plan name: Pipe Fitters Retirement Fund, Local 597 · Sponsored by Trustees of Pipe Fitters Retirement Fund Local 597 · Illinois · Construction
$2.7B in assets, 6,266 participants
Trustees of Pipe Fitters Retirement Fund Local 597's Pipe Fitters Retirement Fund, Local 597 reported $2.7B in total assets and 6,266 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.
- 99th percentile by assets (of 126,618 plans)
- #8,957 in Construction (8,993 peers)
Coverage in Illinois
Pipe Fitters Retirement Fund, Local 597 covers 6,266 participants in Illinois, 8.2x the typical Illinois plan (state average ~768 per filing). Assets: $2.7B.
- $2.7B
- total plan assets (2023 EOY)
- 6,266
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $434,546
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Pipe Fitters Retirement Fund, Local 597 reported net income rose from -$478M in the plan year 2022 filing to $244M in the plan year 2023 filing.
- Pipe Fitters Retirement Fund, Local 597 end-of-year assets rose from $2.5B in the plan year 2022 filing to $2.7B in the plan year 2023 filing.
- Pipe Fitters Retirement Fund, Local 597 reported participants rose from 6,121 in the plan year 2022 filing to 6,266 in the plan year 2023 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. Pipe Fitters Retirement Fund, Local 597 reports 6,266 participants - 8.2x that state average ($2.7B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.7B |
| Net Income | $244M |
| Employer EIN | 626105084 |
| Plan Effective Date | 1955-01-05 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Pipe Fitters Retirement Fund Local 597)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,121 | $2.5B |
| 2023 | 1 | 6,266 | $2.7B |
| 2024 | 1 | 6,435 | $3.0B |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pipe Fitters Retirement Fund, Local 597 vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $49.7B · 48,538
- State Farm Insurance Companies Retirement Plan for United States Employees $35.2B · 45,001
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,680
- John Deere Pension Plan for Salaried Employees $8.0B · 16,346
- Abbott Laboratories Annuity Retirement Plan $7.8B · 17,382
Scale composition for Pipe Fitters Retirement Fund, Local 597
Pipe Fitters Retirement Fund, Local 597 reports $2.7B in end-of-year assets across 6,266 participants (0.023% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.007% of 89,805,449 covered participants) - about $434,546 per participant (3.2x the national average assets-per-participant) . Net income for plan year 2023 was $244M.
This plan identity (EIN 626105084, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.5B to $3.0B (+20.8%) while covered participants moved from 6,121 to 6,435 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,121 | $2.5B | Open filing |
| 2023 | 6,266 | $2.7B | This page |
| 2024 · index core | 6,435 | $3.0B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Pipe Fitters Retirement Fund, Local 597 (Defined Benefit (Pension), $3.0B, 6,435 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pipe Fitters Retirement Fund, Local 597 by total assets, not by location.
- American Airlines, Inc. Pilot Retirement Benefit Program (TX) $2.7B · 5,430
- Pace Industry Union-Management Pension Fund (TN) $2.7B · 3,192
- Northwell Health Pension Plan (NY) $2.7B · 28,359
- Valero Energy Corporation Pension Plan (TX) $2.7B · 6,956
Frequently Asked Questions
How did Pipe Fitters Retirement Fund, Local 597 assets move in 2023? ▼
How have Trustees of Pipe Fitters Retirement Fund Local 597 plan assets changed over time? ▼
Where does Pipe Fitters Retirement Fund, Local 597 rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Pipe Fitters Retirement Fund, Local 597? ▼
Next read for Pipe Fitters Retirement Fund, Local 597
Filing takeaways
Ways to act on Pipe Fitters Retirement Fund, Local 597's numbers.
- By total assets, Pipe Fitters Retirement Fund, Local 597 ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Trustees of Pipe Fitters Retirement Fund Local 597's sponsor-wide assets have grown 20.8% since 2022 across 3 plan years on file. More Construction plans