Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, Iron Workers Local No. 5 & Iwea Pension Plan

Data updated 2026-08-25

$400M
Total assets Above avg plan size: 799
Participants Near avg headcount: 97th
Percentile by assets National rank: $500,041
Avg per participant High balance/head

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Official DOL plan name: Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund · Sponsored by Board of Trustees, Iron Workers Local No. 5 & Iwea · Washington · Construction

$400M in assets, 799 participants

Board of Trustees, Iron Workers Local No. 5 & Iwea's Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund reported $400M in total assets and 799 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

#8,710 in Construction (9,030 peers)

Where Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund sits by assets

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund sits in the top 5% of all filed plans by assets, $400M for 799 participants (~$500,041/participant), up 7.1% in 2023.

#8,710
in Construction (9,030 peers): +7.1%
assets growth YoY: 4.0×
vs typical plan assets (national mean)

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund's outsized position by total assets

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund vs every filed plan by assets

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

$399,532,532 Top 3% higher than 97% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund 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 Workers Local No. 5 & Iwea Employees Pension Trust Fund sits mid-pack in the medium band (799 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund reported net income rose from $8M in the plan year 2022 filing to $26M in the plan year 2023 filing.
Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund reported participants fell from 908 in the plan year 2022 filing to 799 in the plan year 2023 filing.
Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund end-of-year assets rose from $373M in the plan year 2022 filing to $400M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 521075473 · Board of Trustees, Iron Workers Local No. 5 & Iwea PY 2023 · Defined Benefit (Pension)

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund · $400M · 799 · 97th

TYPE $400M
NET 799
BOOK 97th
VS-ST Defined Benefit (Pension)
BOY near The Hospital for Special Surgery Retirement Plan
SCH ind #8710

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 Washington →

End-of-year total assets ($M) among Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$373M
Net Assets (End of Year)	$393M
Net Income	$26M
Employer EIN	521075473
Plan Effective Date	1959-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, Iron Workers Local No. 5 & Iwea)

Latest sponsor-wide plan assets: $425M 13.997025019242477% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	908	$373M
2023	1	799	$400M
2024	1	768	$425M

Nearby Defined Benefit (Pension) Plans in Washington

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

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants

Western Conference of Teamsters Pension Plan $57.4B · 229,511
The Pension Value Plan for Employees of the Boeing Company $25.0B · 31,566
The Boeing Company Employee Retirement Plan $16.3B · 32,477
Northwest Carpenters Retirement Plan $3.3B · 15,892
Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan $3.1B · 8,339

Compare Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund side-by-side with 3 peers →

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Washington, the nearest Defined Benefit (Pension) by assets is The Hospital for Special Surgery Retirement Plan in NY ($400M); by covered participants it is Jeld-Wen, Inc. Restated Pension Plan in NC (799 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($400M here).

The Hospital for Special Surgery Retirement Plan (NY) $400M · 1,169
Ikon Office Solutions, Inc. Pension Plan (PA) $399M · 2,962
Ubs Pension Plan (NJ) $401M · 299
Pension Plan for Hourly-Paid Employees of Continental Automotive Inc. & Certain Affiliated Companies (SC) $398M · 760

Similar participant headcount

Nearest other-state filings by covered participants (799 participants); asset peers above are excluded.

Jeld-Wen, Inc. Restated Pension Plan (NC) 799 · 0 off
Sheet Metal Workers' Local Union No. 9 Pension Pla (CO) 800 · 1 off
Tucson Electric Power Company Salaried Employees Retirement Plan (AZ) 798 · 1 off
Teamsters Local Union No. 716 Pension Plan (IN) 800 · 1 off

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 Workers Local No. 5 & Iwea Employees Pension Trust Fund assets move in 2023? ▼

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund grew at a solid clip - up 7.1% during 2023, from $373M to $400M. Reported net income was $26M.

How have Board of Trustees, Iron Workers Local No. 5 & Iwea plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees, Iron Workers Local No. 5 & Iwea's sponsor-wide assets grew 14.0%, from $373M to $425M.

Where does Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund rank by assets among Form 5500 filers? ▼

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund ranks in the 97th 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 Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is The Hospital for Special Surgery Retirement Plan in NY ($400M, 1,169 participants).

Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Jeld-Wen, Inc. Restated Pension Plan in NC (799 participants, $280M 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 521075473.