Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of Steamfitters Lu 420 Pension Plan Pension Plan

Data updated 2026-08-11

$646M
Total assets: 2,456
Participants: 98th
Percentile by assets: $262,896
Avg per participant

Official DOL plan name: Steamfitters Local Union No. 420 Pension Plan · Sponsored by Board of Trustees of Steamfitters Lu 420 Pension Plan · Pennsylvania · Construction

$646M in assets, 2,456 participants

Board of Trustees of Steamfitters Lu 420 Pension Plan's Steamfitters Local Union No. 420 Pension Plan reported $646M in total assets and 2,456 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 127,072 plans)
#8,840 in Construction (9,030 peers)

Coverage in Pennsylvania

Steamfitters Local Union No. 420 Pension Plan covers 2,456 participants in Pennsylvania, 3.0x the typical Pennsylvania plan (state average ~822 per filing). Assets: $646M.

$646M
total plan assets (2023 EOY): 2,456
covered participants: 98th
percentile by assets (of 127,072 plans): $262,896
avg assets per participant

Steamfitters Local Union No. 420 Pension Plan reported net income rose from -$88M in the plan year 2022 filing to $51M in the plan year 2023 filing.
Steamfitters Local Union No. 420 Pension Plan end-of-year assets rose from $556M in the plan year 2022 filing to $646M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Steamfitters Local Union No. 420 Pension Plan reports 2,456 participants - 3.0x that state average ($646M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$556M
Net Assets (End of Year)	$606M
Net Income	$51M
Employer EIN	232004424
Plan Effective Date	1989-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Steamfitters Lu 420 Pension Plan)

Total plan assets by year, all Board of Trustees of Steamfitters Lu 420 Pension Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	2,457	$556M
2023	1	2,456	$646M
2024	1	2,398	$644M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Steamfitters Local Union No. 420 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

National Elevator Industry Pension Plan $11.2B · 27,434
Steelworkers Pension Trust $6.6B · 47,052
The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
Constellation Retirement Program $5.3B · 5,080
The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374

Compare Steamfitters Local Union No. 420 Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Steamfitters Local Union No. 420 Pension Plan by total assets, not by location.

Scana Corporation Retirement Plan (VA) $647M · 2,781
Bay Area Painters & Tapers Pension Trust (CA) $644M · 3,669
Iron Workers St. Louis District Council Pension Trust (MO) $644M · 1,935
Northwestern Memorial Hospital Employees' Pension Plan (IL) $648M · 2,147

Frequently Asked Questions

How did Steamfitters Local Union No. 420 Pension Plan assets move in 2023? ▼

Steamfitters Local Union No. 420 Pension Plan grew sharply - up 16.2% during 2023, from $556M to $646M. Reported net income was $51M.

How have Board of Trustees of Steamfitters Lu 420 Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Steamfitters Lu 420 Pension Plan's sponsor-wide assets grew 15.9%, from $556M to $644M.

Where does Steamfitters Local Union No. 420 Pension Plan rank by assets among Form 5500 filers? ▼

Steamfitters Local Union No. 420 Pension Plan ranks in the 98th 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 Steamfitters Local Union No. 420 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Scana Corporation Retirement Plan in VA ($647M, 2,781 participants).

Next read for Steamfitters Local Union No. 420 Pension…

Filing takeaways

Ways to act on Steamfitters Local Union No. 420 Pension Plan's numbers.

By total assets, Steamfitters Local Union No. 420 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 Pennsylvania. Compare plans
Board of Trustees of Steamfitters Lu 420 Pension Plan's sponsor-wide assets have grown 15.9% 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 232004424.