Profit Sharing · DOL Form 5500 · 2023

Local 354 Plumbers & Pipe Fitters Pension Fund Profit Sharing Plan

Data updated 2026-08-11

$123M
Total assets: 1,330
Participants: 92nd
Percentile by assets: $92,155
Avg per participant

Official DOL plan name: Plumbers & Pipe Fitters Local 354 Pension Fund · Sponsored by Local 354 Plumbers & Pipe Fitters Pension Fund · Pennsylvania · Construction

$123M in assets, 1,330 participants

Local 354 Plumbers & Pipe Fitters Pension Fund's Plumbers & Pipe Fitters Local 354 Pension Fund reported $123M in total assets and 1,330 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 127,072 plans)
#8,218 in Construction (9,030 peers)

Where Plumbers & Pipe Fitters Local 354 Pension Fund sits by assets

Plumbers & Pipe Fitters Local 354 Pension Fund sits in the top 10% of all filed plans by assets, $123M for 1,330 participants (~$92,155/participant), up 12.7% in 2023.

$123M
total plan assets (2023 EOY): 1,330
covered participants: 92nd
percentile by assets (of 127,072 plans): $92,155
avg assets per participant

Plumbers & Pipe Fitters Local 354 Pension Fund reported net income rose from -$25M in the plan year 2022 filing to $14M in the plan year 2023 filing.
Plumbers & Pipe Fitters Local 354 Pension Fund end-of-year assets rose from $109M in the plan year 2022 filing to $123M in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Construction

Plumbers & Pipe Fitters Local 354 Pension Fund vs the 2023 asset distribution

By assets, Plumbers & Pipe Fitters Local 354 Pension Fund outranks 92% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$109M
Net Assets (End of Year)	$123M
Net Income	$14M
Employer EIN	256148991
Plan Effective Date	1973-08-15
Filing Status	FILING RECEIVED

Sponsor Plan History (Local 354 Plumbers & Pipe Fitters Pension Fund)

Total plan assets by year, all Local 354 Plumbers & Pipe Fitters Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	1,325	$109M
2023	1	1,330	$123M
2024	1	1,323	$135M

Nearby Profit Sharing Plans in Pennsylvania

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Plumbers & Pipe Fitters Local 354 Pension Fund vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Eastern Atlantic States Carpenters Annuity Fund $2.1B · 17,441
University of Pennsylvania Basic Plan $1.7B · 21,016
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $1.1B · 3,905
Temple University Health System, Inc. Defined Contribution Retirement Plan $763M · 10,204
Morgan, Lewis & Bockius LLP Defined Contribution Plan $714M · 2,458

Compare Plumbers & Pipe Fitters Local 354 Pensio… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Plumbers & Pipe Fitters Local 354 Pension Fund by total assets, not by location.

Plumbers and Gasfitters Local 5 Retirement Savings Plan (MD) $122M · 2,043
Pillsbury Winthrop Shaw Pittman LLP Retirement Savings Plan No. 2 (CA) $123M · 593
Otterbein University Tax Deferred Annuity and Defined Contribution Retirement Plan (OH) $123M · 765
Bronxcare Health System Retirement Plan (NY) $123M · 865

Frequently Asked Questions

How did Plumbers & Pipe Fitters Local 354 Pension Fund assets move in 2023? ▼

Plumbers & Pipe Fitters Local 354 Pension Fund grew at a solid clip - up 12.7% during 2023, from $109M to $123M. Reported net income was $14M.

How have Local 354 Plumbers & Pipe Fitters Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Local 354 Plumbers & Pipe Fitters Pension Fund's sponsor-wide assets grew 24.2%, from $109M to $135M.

Where does Plumbers & Pipe Fitters Local 354 Pension Fund rank by assets among Form 5500 filers? ▼

Plumbers & Pipe Fitters Local 354 Pension Fund ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which Profit Sharing plans are similar in size to Plumbers & Pipe Fitters Local 354 Pension Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Plumbers and Gasfitters Local 5 Retirement Savings Plan in MD ($122M, 2,043 participants).

Next read for Plumbers & Pipe Fitters Local 354 Pensio…

Scale reading

Ways to act on Plumbers & Pipe Fitters Local 354 Pension Fund's numbers.

By total assets, Plumbers & Pipe Fitters Local 354 Pension Fund ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
Local 354 Plumbers & Pipe Fitters Pension Fund's sponsor-wide assets have grown 24.2% 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 256148991.