Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Carpenters Local No 491 Plan Pension Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size
430
Participants Below avg headcount
88th
Percentile by assets National rank
$150,822
Avg per participant Above avg balance/head
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Official DOL plan name: Carpenters Local No 491 Pension Plan · Sponsored by Trustees of Carpenters Local No 491 Plan · Maryland · Construction

$65M in assets, 430 participants

Trustees of Carpenters Local No 491 Plan's Carpenters Local No 491 Pension Plan reported $65M in total assets and 430 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,758 in Construction (9,030 peers)

Coverage in Maryland

Carpenters Local No 491 Pension Plan covers 430 participants in Maryland, about 46% of the average Maryland filer (state average ~929 per filing). Assets: $65M.

#7,758
in Construction (9,030 peers)
+12.3%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Carpenters Local No 491 Pension Plan's outsized position by total assets

Carpenters Local No 491 Pension Plan vs every filed plan by assets

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

$64,853,593 Top 12% higher than 88% 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

Carpenters Local No 491 Pension 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. Carpenters Local No 491 Pension Plan sits mid-pack in the medium band (430 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carpenters Local No 491 Pension Plan reported net income rose from $5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Carpenters Local No 491 Pension Plan reported participants rose from 326 in the plan year 2022 filing to 430 in the plan year 2023 filing.
  • Carpenters Local No 491 Pension Plan end-of-year assets rose from $58M in the plan year 2022 filing to $65M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 222835549 · Trustees of Carpenters Local No 491 Plan PY 2023 · Defined Benefit (Pension)

Carpenters Local No 491 Pension Plan · $65M · 430 · 88th

  • BOOK $65M
  • BOOK 430
  • BOOK 88th
  • BOOK Defined Benefit (Pension)
  • BOOK near Premcor Pension Plan
  • BOOK ind #7758

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 Maryland →

Carpenters Local No 491 Pension Plan in the asset neighbourhood

Premcor Pension Plan$65MCarpenters Local No 491 Pension PlanCarpenters Local No 491 Pens…$65MThe Restated Noncontributory Retirement Plan for CooperativesThe Restated Noncontributory…$65MYoung & Rubicam LLC Career Cash Balance Continuation PlanYoung & Rubicam LLC Career C…$65MLiberty Utilities Cash Balance Pension PlanLiberty Utilities Cash Balan…$65M
End-of-year total assets ($M) among Carpenters Local No 491 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$65M
Net Income$7M
Employer EIN222835549
Plan Effective Date1961-07-17
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Carpenters Local No 491 Plan)

Sponsor-wide plan assets over time

All Trustees of Carpenters Local No 491 Plan plans reported in each filing year

Latest sponsor-wide plan assets
$73M 25.5488962541213% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $57.8M $72.5M ▲ +25.5%
Year Plans Participants Total Assets
2022 1 326 $58M
2023 1 430 $65M
2024 1 424 $73M

Nearby Defined Benefit (Pension) Plans in Maryland

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

Carpenters Local No 491 Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Carpenters Local No 491 Pension Plan, Total assets ($B): 0.064853593 · Participants: 430Carpenters Local No 491 Pension PlanNational Electrical Benefit Fund, Total assets ($B): 18.88881693 · Participants: 323315National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.434547593 · Participants: 19673Lockheed Martin Corporation Salaried Employee Retirement ProgramMajor League Baseball Players Pension Plan, Total assets ($B): 4.648661647 · Participants: 1087Major League Baseball Players Pension PlanNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.493297428 · Participants: 15047National Automatic Sprinkler Industry Pension FundInternational Painters and Allied Trades Industry Pension Plan, Total assets ($B): 4.223547088 · Participants: 44973International Painters and Allied Trades Industry Pension Plan
Carpenters Local No 491 Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare Carpenters Local No 491 Pension Plan side-by-side with 3 peers →

Carpenters Local No 491 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Premcor Pension Plan in TX ($65M); by covered participants it is Pension Plan for Employees of St. Lukes Hospital of Duluth in MN (430 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (430 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 Carpenters Local No 491 Pension Plan assets move in 2023? ▼
Carpenters Local No 491 Pension Plan grew at a solid clip - up 12.3% during 2023, from $58M to $65M. Reported net income was $7M.
How have Trustees of Carpenters Local No 491 Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Carpenters Local No 491 Plan's sponsor-wide assets grew 25.5%, from $58M to $73M.
Where does Carpenters Local No 491 Pension Plan rank by assets among Form 5500 filers? ▼
Carpenters Local No 491 Pension Plan ranks in the 88th 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 Carpenters Local No 491 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Premcor Pension Plan in TX ($65M, 269 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Carpenters Local No 491 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Employees of St. Lukes Hospital of Duluth in MN (430 participants, $132M 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 222835549.

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.