Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Ironworkers Local Union No. 402 Pension Fund Pension Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
99
Participants Small participant base
69th
Percentile by assets National rank
$162,131
Avg per participant Above avg balance/head
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Official DOL plan name: Ironworkers Local Union No. 402 Pension Fund · Sponsored by Trustees of Ironworkers Local Union No. 402 Pension Fund · Pennsylvania · Finance & Insurance

$16M in assets, 99 participants

Trustees of Ironworkers Local Union No. 402 Pension Fund's Ironworkers Local Union No. 402 Pension Fund reported $16M in total assets and 99 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,792 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

Ironworkers Local Union No. 402 Pension Fund holds $16M for 99 participants - about $162,131 per participant, above the median plan by assets.

#4,792
in Finance & Insurance (8,869 peers)
+4.7%
assets growth YoY

Ironworkers Local Union No. 402 Pension Fund's outsized position by total assets

Ironworkers Local Union No. 402 Pension Fund vs every filed plan by assets

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

$16,050,942 Top 31% higher than 69% 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 Union No. 402 Pension Fund among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ironworkers Local Union No. 402 Pension Fund is a small filing (99 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ironworkers Local Union No. 402 Pension Fund reported net income rose from -$2M in the plan year 2022 filing to $707K in the plan year 2023 filing.
  • Ironworkers Local Union No. 402 Pension Fund end-of-year assets rose from $15M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Ironworkers Local Union No. 402 Pension Fund reported participants rose from 97 in the plan year 2022 filing to 99 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 596227518 · Trustees of Ironworkers Local Union No. 402 Pension Fund PY 2023 · Defined Benefit (Pension)

Ironworkers Local Union No. 402 Pension Fund · $16M · 99 · 69th

  • BOY $16M
  • BOY 99
  • BOY 69th
  • BOY Defined Benefit (Pension)
  • BOY near Retirement Plan for Hourly Employees of Bancroft Bag, Inc.
  • BOY ind #4792

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 Finance & Insurance retirement plans → · Plans in Pennsylvania →

Ironworkers Local Union No. 402 Pension Fund in the asset neighbourhood

Local 22 Old Dutch Foods Inc Employee Pension PlanLocal 22 Old Dutch Foods Inc…$16MRetirement Plan for Hourly Employees of Bancroft Bag, Inc.Retirement Plan for Hourly E…$16MIronworkers Local Union No. 402 Pension FundIronworkers Local Union No. …$16MThe Pension Plan of United Way of Greater Atlanta, Inc.The Pension Plan of United W…$16MBetz Industries Pension Plan$16M
End-of-year total assets ($M) among Ironworkers Local Union No. 402 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$16M
Net Income$707K
Employer EIN596227518
Plan Effective Date1969-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Ironworkers Local Union No. 402 Pension Fund)

Sponsor-wide plan assets over time

All Trustees of Ironworkers Local Union No. 402 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$15M 0.6326736273901253% vs 2022
2024 filing year
$15M$15.5M$16M$16.5M 202220232024 $15.3M $15.4M ▲ +0.6%
Year Plans Participants Total Assets
2022 1 97 $15M
2023 1 99 $16M
2024 1 106 $15M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Ironworkers Local Union No. 402 Pension Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Ironworkers Local Union No. 402 Pension Fund, Total assets ($B): 0.016050942 · Participants: 99Ironworkers Local Union No. 402 Pension FundNational 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
Ironworkers Local Union No. 402 Pension Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Ironworkers Local Union No. 402 Pension Fund side-by-side with 3 peers →

Ironworkers Local Union No. 402 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Hourly Employees of Bancroft Bag, Inc. in LA ($16M); by covered participants it is Local 1102 Retirement Trust in NY (99 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (99 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 Union No. 402 Pension Fund assets move in 2023? ▼
Ironworkers Local Union No. 402 Pension Fund edged up modestly - up 4.7% during 2023, from $15M to $16M. Reported net income was $707K.
How have Trustees of Ironworkers Local Union No. 402 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Ironworkers Local Union No. 402 Pension Fund's sponsor-wide assets grew 0.6%, from $15M to $15M.
Which Defined Benefit (Pension) plans are similar in size to Ironworkers Local Union No. 402 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Hourly Employees of Bancroft Bag, Inc. in LA ($16M, 95 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local Union No. 402 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 1102 Retirement Trust in NY (99 participants, $36M 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 596227518.

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.