Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of Steamfitters Lu 420 Pension Plan Pension Plan

Data updated 2026-08-25

$646M
Total assets Above avg plan size
2,456
Participants Above avg headcount
98th
Percentile by assets National rank
$262,896
Avg per participant High balance/head
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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.

  • #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.

#8,840
in Construction (9,030 peers)
+16.2%
assets growth YoY
6.5×
vs typical plan assets (national mean)

Steamfitters Local Union No. 420 Pension Plan's outsized position by total assets

Steamfitters Local Union No. 420 Pension Plan vs every filed plan by assets

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

$645,671,667 Top 2% higher than 98% 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

Steamfitters Local Union No. 420 Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Steamfitters Local Union No. 420 Pension Plan lands in the large band (2,456 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

DOL schedule card

Filing strip 232004424 · Board of Trustees of Steamfitters Lu 420 Pension Plan PY 2023 · Defined Benefit (Pension)

Steamfitters Local Union No. 420 Pension Plan · $646M · 2,456 · 98th

  • EBSA $646M
  • PART 2,456
  • TYPE 98th
  • NET Defined Benefit (Pension)
  • BOOK near Scana Corporation Retirement Plan
  • VS-ST ind #8840

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 Pennsylvania →

Steamfitters Local Union No. 420 Pension Plan in the asset neighbourhood

Northwestern Memorial Hospital Employees' Pension PlanNorthwestern Memorial Hospit…$648MScana Corporation Retirement PlanScana Corporation Retirement…$647MSteamfitters Local Union No. 420 Pension PlanSteamfitters Local Union No.…$646MBay Area Painters & Tapers Pension TrustBay Area Painters & Tapers P…$644MIron Workers St. Louis District Council Pension TrustIron Workers St. Louis Distr…$644M
End-of-year total assets ($M) among Steamfitters Local Union No. 420 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$556M
Net Assets (End of Year)$606M
Net Income$51M
Employer EIN232004424
Plan Effective Date1989-05-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Board of Trustees of Steamfitters Lu 420 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$644M 15.867252337589147% vs 2022
2024 filing year
$500M$550M$600M$650M$700M 202220232024 $556M $644M ▲ +15.9%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Steamfitters Local Union No. 420 Pension Plan, Total assets ($B): 0.645671667 · Participants: 2456Steamfitters Local Union No. 420 Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
Steamfitters Local Union No. 420 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Steamfitters Local Union No. 420 Pension Plan side-by-side with 3 peers →

Steamfitters Local Union No. 420 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Scana Corporation Retirement Plan in VA ($647M); by covered participants it is Local 338 Retirement Fund in NY (2,454 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($646M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,456 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Steamfitters Local Union No. 420 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 338 Retirement Fund in NY (2,454 participants, $588M 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 232004424.

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.