Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, Ironworkers Local #16 Pension Plan Pension Plan

Data updated 2026-08-25

$129M
Total assets Near avg plan size
117
Participants Small participant base
93rd
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: Ironworkers Local #16 Pension Plan · Sponsored by Board of Trustees, Ironworkers Local #16 Pension Plan · Washington · Construction

$129M in assets, 117 participants

Board of Trustees, Ironworkers Local #16 Pension Plan's Ironworkers Local #16 Pension Plan reported $129M in total assets and 117 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #8,245 in Construction (9,030 peers)

Coverage in Washington

Ironworkers Local #16 Pension Plan covers 117 participants in Washington, about 8% of the average Washington filer (state average ~1,476 per filing). Assets: $129M.

#8,245
in Construction (9,030 peers)
+100.1%
assets growth YoY
1.3×
vs typical plan assets (national mean)

Ironworkers Local #16 Pension Plan's outsized position by total assets

Ironworkers Local #16 Pension Plan vs every filed plan by assets

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

$129,300,133 Top 7% higher than 93% 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

Ironworkers Local #16 Pension Plan 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. Ironworkers Local #16 Pension Plan sits mid-pack in the medium band (117 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ironworkers Local #16 Pension Plan reported net income rose from -$14M in the plan year 2022 filing to $65M in the plan year 2023 filing.
  • Ironworkers Local #16 Pension Plan end-of-year assets rose from $65M in the plan year 2022 filing to $129M in the plan year 2023 filing.
  • Ironworkers Local #16 Pension Plan reported participants fell from 167 in the plan year 2022 filing to 117 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 526148924 · Board of Trustees, Ironworkers Local #16 Pension Plan PY 2023 · Defined Benefit (Pension)

Ironworkers Local #16 Pension Plan · $129M · 117 · 93rd

  • TYPE $129M
  • NET 117
  • BOOK 93rd
  • VS-ST Defined Benefit (Pension)
  • BOY near Vopak North America Inc. Retirement Plan
  • SCH ind #8245

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 Washington →

Ironworkers Local #16 Pension Plan in the asset neighbourhood

Basic Pension Plan for Employees of Jewish Federation Council of Greater Los AngelesBasic Pension Plan for Emplo…$130MRetirement Income Plan for Employees of Edison Electric InstituteRetirement Income Plan for E…$130MTimkensteel Corporation Retirement PlanTimkensteel Corporation Reti…$130MVopak North America Inc. Retirement PlanVopak North America Inc. Ret…$129MIronworkers Local #16 Pension PlanIronworkers Local #16 Pensio…$129M
End-of-year total assets ($M) among Ironworkers Local #16 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$124M
Net Income$65M
Employer EIN526148924
Plan Effective Date1960-07-19
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, Ironworkers Local #16 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees, Ironworkers Local #16 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$127M 96.10009294076602% vs 2022
2024 filing year
$40M$60M$80M$100M$120M$140M 202220232024 $64.6M $127M ▲ +96.1%
Year Plans Participants Total Assets
2022 1 167 $65M
2023 1 117 $129M
2024 1 110 $127M

Nearby Defined Benefit (Pension) Plans in Washington

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

Ironworkers Local #16 Pension Plan vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -20020406080 Total assets ($B) Participants Ironworkers Local #16 Pension Plan, Total assets ($B): 0.129300133 · Participants: 117Ironworkers Local #16 Pension PlanWestern Conference of Teamsters Pension Plan, Total assets ($B): 57.387332732 · Participants: 229511Western Conference of Teamsters Pension PlanThe Pension Value Plan for Employees of the Boeing Company, Total assets ($B): 25.042153263 · Participants: 31566The Pension Value Plan for Employees of the Boeing CompanyThe Boeing Company Employee Retirement Plan, Total assets ($B): 16.333139549 · Participants: 32477The Boeing Company Employee Retirement PlanNorthwest Carpenters Retirement Plan, Total assets ($B): 3.287308621 · Participants: 15892Northwest Carpenters Retirement PlanLocals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan, Total assets ($B): 3.066446219 · Participants: 8339Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan
Ironworkers Local #16 Pension Plan vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants
Compare Ironworkers Local #16 Pension Plan side-by-side with 3 peers →

Ironworkers Local #16 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Washington, the nearest Defined Benefit (Pension) by assets is Vopak North America Inc. Retirement Plan in TX ($129M); by covered participants it is Cotton Incorporated Pension Plan in NC (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 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 Ironworkers Local #16 Pension Plan assets move in 2023? ▼
Ironworkers Local #16 Pension Plan surged - up 100.1% during 2023, from $65M to $129M. Reported net income was $65M.
How have Board of Trustees, Ironworkers Local #16 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, Ironworkers Local #16 Pension Plan's sponsor-wide assets grew 96.1%, from $65M to $127M.
Where does Ironworkers Local #16 Pension Plan rank by assets among Form 5500 filers? ▼
Ironworkers Local #16 Pension Plan ranks in the 93rd 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 Defined Benefit (Pension) plans are similar in size to Ironworkers Local #16 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Vopak North America Inc. Retirement Plan in TX ($129M, 220 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local #16 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cotton Incorporated Pension Plan in NC (117 participants, $35M 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 526148924.

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.