Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of the Smart Local Unions and Councils Pension Fund Pension Plan

Data updated 2026-08-11

$375M
Total assets: 938
Participants: 97th
Percentile by assets: $399,930
Avg per participant

Official DOL plan name: Smart Local Unions and Councils Pension Fund · Sponsored by Board of Trustees of the Smart Local Unions and Councils Pension Fund · Virginia · Other Services

$375M in assets, 938 participants

Board of Trustees of the Smart Local Unions and Councils Pension Fund's Smart Local Unions and Councils Pension Fund reported $375M in total assets and 938 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 127,072 plans)
#7,794 in Other Services (7,857 peers)

Where Smart Local Unions and Councils Pension Fund sits by assets

Smart Local Unions and Councils Pension Fund sits in the top 5% of all filed plans by assets, $375M for 938 participants (~$399,930/participant), up 7.5% in 2023.

$375M
total plan assets (2023 EOY): 938
covered participants: 97th
percentile by assets (of 127,072 plans): $399,930
avg assets per participant

Smart Local Unions and Councils Pension Fund reported net income rose from -$66M in the plan year 2022 filing to $26M in the plan year 2023 filing.
Smart Local Unions and Councils Pension Fund end-of-year assets rose from $349M in the plan year 2022 filing to $375M in the plan year 2023 filing.
Smart Local Unions and Councils Pension Fund reported participants rose from 928 in the plan year 2022 filing to 938 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Virginia

Industry

Other Services

Smart Local Unions and Councils Pension Fund vs the 2023 asset distribution

By assets, Smart Local Unions and Councils Pension Fund outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$349M
Net Assets (End of Year)	$374M
Net Income	$26M
Employer EIN	874825609
Plan Effective Date	1971-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of the Smart Local Unions and Councils Pension Fund)

Total plan assets by year, all Board of Trustees of the Smart Local Unions and Councils Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	928	$349M
2023	1	938	$375M
2024	1	1,026	$397M

Nearby Defined Benefit (Pension) Plans in Virginia

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

Smart Local Unions and Councils Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants

Northrop Grumman Pension Plan $19.1B · 13,674
Retirement Security Plan $10.2B · 54,171
Ng Space&mission Systems Corp Salaried Pension Pla $8.5B · 7,117
Sheet Metal Workers' National Pension Fund $8.3B · 61,272
Dominion Energy Pension Plan $7.6B · 12,263

Compare Smart Local Unions and Councils Pension … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Smart Local Unions and Councils Pension Fund by total assets, not by location.

Foster Farms Group Pension Plan (CA) $375M · 2,691
Baxalta Incorporated and Subsidiaries Pension Plan (PA) $375M · 549
Local Union 786 Building Material Pension Fund (IL) $376M · 1,031
Local Union No. 9 I.B.E.W. and Outside Contractors Pension Fund (IL) $376M · 1,118

Frequently Asked Questions

How did Smart Local Unions and Councils Pension Fund assets move in 2023? ▼

Smart Local Unions and Councils Pension Fund grew at a solid clip - up 7.5% during 2023, from $349M to $375M. Reported net income was $26M.

How have Board of Trustees of the Smart Local Unions and Councils Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of the Smart Local Unions and Councils Pension Fund's sponsor-wide assets grew 13.8%, from $349M to $397M.

Where does Smart Local Unions and Councils Pension Fund rank by assets among Form 5500 filers? ▼

Smart Local Unions and Councils Pension Fund ranks in the 97th 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 Smart Local Unions and Councils Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Foster Farms Group Pension Plan in CA ($375M, 2,691 participants).

Next read for Smart Local Unions and Councils Pension …

Scale reading

Ways to act on Smart Local Unions and Councils Pension Fund's numbers.

By total assets, Smart Local Unions and Councils 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 Virginia. Compare plans
Board of Trustees of the Smart Local Unions and Councils Pension Fund's sponsor-wide assets have grown 13.8% since 2022 across 3 plan years on file. More Other Services 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 874825609.