Defined Benefit (Pension) · DOL Form 5500 · 2023

Pipe Fitters Local Union 120 Pens. Fund Pension Plan

Data updated 2026-08-11

$207M
Total assets: 671
Participants: 95th
Percentile by assets: $309,235
Avg per participant

Official DOL plan name: Pipe Fitters Local Union No. 120 Pension Plan · Sponsored by Pipe Fitters Local Union 120 Pens. Fund · Ohio · Finance & Insurance

$207M in assets, 671 participants

Pipe Fitters Local Union 120 Pens. Fund's Pipe Fitters Local Union No. 120 Pension Plan reported $207M in total assets and 671 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 127,072 plans)
#8,139 in Finance & Insurance (8,869 peers)

Where Pipe Fitters Local Union No. 120 Pension Plan sits by assets

Pipe Fitters Local Union No. 120 Pension Plan sits in the top 5% of all filed plans by assets, $207M for 671 participants (~$309,235/participant), up 6.7% in 2023.

$207M
total plan assets (2023 EOY): 671
covered participants: 95th
percentile by assets (of 127,072 plans): $309,235
avg assets per participant

Where Pipe Fitters Local Union No. 120 Pension Plan sits by total assets

Pipe Fitters Local Union No. 120 Pension Plan vs every filed plan by assets

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

$207,496,869 Top 5% higher than 95% 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

Pipe Fitters Local Union No. 120 Pension Plan reported net income rose from -$37M in the plan year 2022 filing to $13M in the plan year 2023 filing.
Pipe Fitters Local Union No. 120 Pension Plan end-of-year assets rose from $195M in the plan year 2022 filing to $207M in the plan year 2023 filing.
Pipe Fitters Local Union No. 120 Pension Plan reported participants rose from 653 in the plan year 2022 filing to 671 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Ohio

Industry

Finance & Insurance

Pipe Fitters Local Union No. 120 Pension Plan vs the 2023 asset distribution

By assets, Pipe Fitters Local Union No. 120 Pension Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$195M
Net Assets (End of Year)	$207M
Net Income	$13M
Employer EIN	346711591
Plan Effective Date	1958-07-06
Filing Status	FILING RECEIVED

Sponsor Plan History (Pipe Fitters Local Union 120 Pens. Fund)

Total plan assets by year, all Pipe Fitters Local Union 120 Pens. Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	653	$195M
2023	1	671	$207M
2024	1	733	$222M

Nearby Defined Benefit (Pension) Plans in Ohio

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

Pipe Fitters Local Union No. 120 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants

Firstenergy Corp. Master Pension Plan $7.1B · 12,304
Nationwide Retirement Plan $5.3B · 22,311
American Electric Power System Retirement Plan $4.5B · 15,595
Parker Defined Benefit Plan $3.7B · 191
Ohio Operating Engineers Pension Plan $3.6B · 10,029

Compare Pipe Fitters Local Union No. 120 Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pipe Fitters Local Union No. 120 Pension Plan by total assets, not by location.

Dynegy Pension Plan (TX) $208M · 967
Penn Mutual Retirement Plan (PA) $207M · 153
Ironworkers Local 549-550 Pension Plan (WV) $207M · 980
Consumers Credit Union Defined Benefit Plan and Trust (IL) $207M · 432

Frequently Asked Questions

How did Pipe Fitters Local Union No. 120 Pension Plan assets move in 2023? ▼

Pipe Fitters Local Union No. 120 Pension Plan grew at a solid clip - up 6.7% during 2023, from $195M to $207M. Reported net income was $13M.

How have Pipe Fitters Local Union 120 Pens. Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Pipe Fitters Local Union 120 Pens. Fund's sponsor-wide assets grew 13.9%, from $195M to $222M.

Where does Pipe Fitters Local Union No. 120 Pension Plan rank by assets among Form 5500 filers? ▼

Pipe Fitters Local Union No. 120 Pension Plan ranks in the 95th 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 Pipe Fitters Local Union No. 120 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Dynegy Pension Plan in TX ($208M, 967 participants).

Next read for Pipe Fitters Local Union No. 120 Pension…

Scale reading

Ways to act on Pipe Fitters Local Union No. 120 Pension Plan's numbers.

By total assets, Pipe Fitters Local Union No. 120 Pension Plan 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 Ohio. Compare plans
Pipe Fitters Local Union 120 Pens. Fund's sponsor-wide assets have grown 13.9% since 2022 across 3 plan years on file. More Finance & Insurance 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 346711591.