Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Local 1 Pension Fund Pension Plan

Data updated 2026-08-25

$318M
Total assets Above avg plan size
3,813
Participants Above avg headcount
96th
Percentile by assets National rank
$83,287
Avg per participant Below avg balance/head
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Official DOL plan name: Local No. 1 Pension Trust Fund · Sponsored by Trustees of Local 1 Pension Fund · Illinois · Administrative & Support Services

$318M in assets, 3,813 participants

Trustees of Local 1 Pension Fund's Local No. 1 Pension Trust Fund reported $318M in total assets and 3,813 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #4,296 in Administrative & Support Services (4,372 peers)

Coverage in Illinois

Local No. 1 Pension Trust Fund covers 3,813 participants in Illinois, 4.9x the typical Illinois plan (state average ~779 per filing). Assets: $318M.

#4,296
in Administrative & Support Services (4,372 peers)
+10.5%
assets growth YoY
3.2×
vs typical plan assets (national mean)

Local No. 1 Pension Trust Fund's outsized position by total assets

Local No. 1 Pension Trust Fund vs every filed plan by assets

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

$317,573,190 Top 4% higher than 96% 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

Local No. 1 Pension Trust Fund'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. Local No. 1 Pension Trust Fund lands in the large band (3,813 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Local No. 1 Pension Trust Fund reported net income rose from $21M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • Local No. 1 Pension Trust Fund end-of-year assets rose from $287M in the plan year 2022 filing to $318M in the plan year 2023 filing.
  • Local No. 1 Pension Trust Fund reported participants rose from 3,739 in the plan year 2022 filing to 3,813 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 516055057 · Trustees of Local 1 Pension Fund PY 2023 · Defined Benefit (Pension)

Local No. 1 Pension Trust Fund · $318M · 3,813 · 96th

  • 5500 $318M
  • ASSETS 3,813
  • PCT 96th
  • EIN Defined Benefit (Pension)
  • RANK near Cincinnati Financial Corporation Retirement Plan
  • PHOTO ind #4296

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 Administrative & Support Services retirement plans → · Plans in Illinois →

Local No. 1 Pension Trust Fund in the asset neighbourhood

Gibson, Dunn & Crutcher LLP Partners Cash Balance PlanGibson, Dunn & Crutcher LLP …$319MLaborers Local 57 Industrial Pension PlanLaborers Local 57 Industrial…$318MLocal No. 1 Pension Trust FundLocal No. 1 Pension Trust Fu…$318MCincinnati Financial Corporation Retirement PlanCincinnati Financial Corpora…$318MDetroit Diesel Corporation Hourly-Rate Employees Pension PlanDetroit Diesel Corporation H…$316M
End-of-year total assets ($M) among Local No. 1 Pension Trust Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$287M
Net Assets (End of Year)$317M
Net Income$30M
Employer EIN516055057
Plan Effective Date1967-01-04
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Local 1 Pension Fund)

Sponsor-wide plan assets over time

All Trustees of Local 1 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$346M 20.439186362731107% vs 2022
2024 filing year
$280M$300M$320M$340M$360M 202220232024 $287M $346M ▲ +20.4%
Year Plans Participants Total Assets
2022 1 3,739 $287M
2023 1 3,813 $318M
2024 1 3,911 $346M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Local No. 1 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. 0100002000030000400005000060000 -200204060 Total assets ($B) Participants Local No. 1 Pension Trust Fund, Total assets ($B): 0.31757319 · Participants: 3813Local No. 1 Pension Trust FundCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Local No. 1 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Local No. 1 Pension Trust Fund side-by-side with 3 peers →

Local No. 1 Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Cincinnati Financial Corporation Retirement Plan in OH ($318M); by covered participants it is Ernst & Young Partnership Defined Benefit Retirement Plan in NJ (3,810 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,813 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 Local No. 1 Pension Trust Fund assets move in 2023? ▼
Local No. 1 Pension Trust Fund grew at a solid clip - up 10.5% during 2023, from $287M to $318M. Reported net income was $30M.
How have Trustees of Local 1 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Local 1 Pension Fund's sponsor-wide assets grew 20.4%, from $287M to $346M.
Where does Local No. 1 Pension Trust Fund rank by assets among Form 5500 filers? ▼
Local No. 1 Pension Trust Fund ranks in the 96th 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 Local No. 1 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cincinnati Financial Corporation Retirement Plan in OH ($318M, 500 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local No. 1 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ernst & Young Partnership Defined Benefit Retirement Plan in NJ (3,810 participants, $3.0B 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 516055057.

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.