Defined Benefit (Pension) · DOL Form 5500 · 2023

Iron Range Plumbers & Fitters Local 589 Pension Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
151
Participants Small participant base
81st
Percentile by assets National rank
$226,084
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Iron Range Plumbers & Fitters Retirement Income Plan · Sponsored by Iron Range Plumbers & Fitters Local 589 · Minnesota · Construction

$34M in assets, 151 participants

Iron Range Plumbers & Fitters Local 589's Iron Range Plumbers & Fitters Retirement Income Plan reported $34M in total assets and 151 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #7,163 in Construction (9,030 peers)

Coverage in Minnesota

Iron Range Plumbers & Fitters Retirement Income Plan covers 151 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $34M.

#7,163
in Construction (9,030 peers)
+7.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Iron Range Plumbers & Fitters Retirement Income Plan's outsized position by total assets

Iron Range Plumbers & Fitters Retirement Income Plan vs every filed plan by assets

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

$34,138,746 Top 19% higher than 81% 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

Iron Range Plumbers & Fitters Retirement Income 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. Iron Range Plumbers & Fitters Retirement Income Plan sits mid-pack in the medium band (151 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Range Plumbers & Fitters Retirement Income Plan reported net income rose from $601K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Iron Range Plumbers & Fitters Retirement Income Plan end-of-year assets rose from $32M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Iron Range Plumbers & Fitters Retirement Income Plan reported participants rose from 143 in the plan year 2022 filing to 151 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 416057633 · Iron Range Plumbers & Fitters Local 589 PY 2023 · Defined Benefit (Pension)

Iron Range Plumbers & Fitters Retirement Income Plan · $34M · 151 · 81st

  • IND $34M
  • IND 151
  • IND 81st
  • IND Defined Benefit (Pension)
  • IND near The Timken Company Pension Plan
  • IND ind #7163

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 Minnesota →

Iron Range Plumbers & Fitters Retirement Income Plan in the asset neighbourhood

Iron Range Plumbers & Fitters Retirement Income PlanIron Range Plumbers & Fitter…$34MThe Timken Company Pension PlanThe Timken Company Pension P…$34MWec Energy Group Retirement Plan for Integrys HoldingWec Energy Group Retirement …$34MRetirement Plan for Employees of Northern Montana HospitalRetirement Plan for Employee…$34MThe Summit Federal Credit Union Pension PlanThe Summit Federal Credit Un…$34M
End-of-year total assets ($M) among Iron Range Plumbers & Fitters Retirement Income Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$34M
Net Income$2M
Employer EIN416057633
Plan Effective Date1965-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Range Plumbers & Fitters Local 589)

Sponsor-wide plan assets over time

All Iron Range Plumbers & Fitters Local 589 plans reported in each filing year

Latest sponsor-wide plan assets
$37M 17.12260853426398% vs 2022
2024 filing year
$30M$32M$34M$36M$38M 202220232024 $31.9M $37.4M ▲ +17.1%
Year Plans Participants Total Assets
2022 1 143 $32M
2023 1 151 $34M
2024 1 156 $37M

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Iron Range Plumbers & Fitters Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Iron Range Plumbers & Fitters Retirement Income Plan, Total assets ($B): 0.034138746 · Participants: 151Iron Range Plumbers & Fitters Retirement Income Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Iron Range Plumbers & Fitters Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Iron Range Plumbers & Fitters Retirement Income Plan side-by-side with 3 peers →

Iron Range Plumbers & Fitters Retirement Income Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is The Timken Company Pension Plan in OH ($34M); by covered participants it is Iron Workers Local 498 Defined Benefit Plan in IL (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 Iron Range Plumbers & Fitters Retirement Income Plan assets move in 2023? ▼
Iron Range Plumbers & Fitters Retirement Income Plan grew at a solid clip - up 7.0% during 2023, from $32M to $34M. Reported net income was $2M.
How have Iron Range Plumbers & Fitters Local 589 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Range Plumbers & Fitters Local 589's sponsor-wide assets grew 17.1%, from $32M to $37M.
Where does Iron Range Plumbers & Fitters Retirement Income Plan rank by assets among Form 5500 filers? ▼
Iron Range Plumbers & Fitters Retirement Income Plan ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Iron Range Plumbers & Fitters Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Timken Company Pension Plan in OH ($34M, 88 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Range Plumbers & Fitters Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Iron Workers Local 498 Defined Benefit Plan in IL (151 participants, $30M 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 416057633.

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.