Defined Benefit (Pension) · DOL Form 5500 · 2023
Joint Board of Trustees Plumbers & Pipefitters Local Unions Pension Plan
Data updated 2026-08-11
- $555M
- Total assets
- 1,287
- Participants
- 98th
- Percentile by assets
- $430,868
- Avg per participant
Official DOL plan name: Plumbers & Pipefitters Local Unions 502 & 633 Pens · Sponsored by Joint Board of Trustees Plumbers & Pipefitters Local Unions · Michigan · Construction
$555M in assets, 1,287 participants
Joint Board of Trustees Plumbers & Pipefitters Local Unions's Plumbers & Pipefitters Local Unions 502 & 633 Pens reported $555M in total assets and 1,287 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #8,800 in Construction (9,030 peers)
Coverage in Michigan
Plumbers & Pipefitters Local Unions 502 & 633 Pens covers 1,287 participants in Michigan, 2.0x the typical Michigan plan (state average ~638 per filing). Assets: $555M.
- $555M
- total plan assets (2023 EOY)
- 1,287
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $430,868
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Plumbers & Pipefitters Local Unions 502 & 633 Pens reported net income rose from $18M in the plan year 2022 filing to $60M in the plan year 2023 filing.
- Plumbers & Pipefitters Local Unions 502 & 633 Pens end-of-year assets rose from $494M in the plan year 2022 filing to $555M in the plan year 2023 filing.
- Plumbers & Pipefitters Local Unions 502 & 633 Pens reported participants rose from 1,256 in the plan year 2022 filing to 1,287 in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Plumbers & Pipefitters Local Unions 502 & 633 Pens reports 1,287 participants - 2.0x that state average ($555M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $494M |
|---|---|
| Net Assets (End of Year) | $552M |
| Net Income | $60M |
| Employer EIN | 616078145 |
| Plan Effective Date | 1976-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Joint Board of Trustees Plumbers & Pipefitters Local Unions)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,256 | $494M |
| 2023 | 1 | 1,287 | $555M |
| 2024 | 1 | 2,160 | $623M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Plumbers & Pipefitters Local Unions 502 & 633 Pens vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
- Ford Motor Company UAW Retirement Plan $19.3B · 26,442
- Ford Motor Company General Retirement Plan $12.7B · 10,215
- Dow Employees' Pension Plan $11.5B · 14,051
- Fca US LLC UAW Pension Agreement $11.2B · 13,635
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Plumbers & Pipefitters Local Unions 502 & 633 Pens by total assets, not by location.
- International Brotherhood of Electrical Workers Local Union 98 Pension Plan (PA) $555M · 2,487
- 1199seiu Home Care Employees Pension Fund (NY) $554M · 34,420
- Retirement Plan for Employees of United Jewish (NY) $555M · 5,310
- West Virginia Laborers Pension Trust Fund (WV) $556M · 1,965
Frequently Asked Questions
How did Plumbers & Pipefitters Local Unions 502 & 633 Pens assets move in 2023? ▼
How have Joint Board of Trustees Plumbers & Pipefitters Local Unions plan assets changed over time? ▼
Where does Plumbers & Pipefitters Local Unions 502 & 633 Pens rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Plumbers & Pipefitters Local Unions 502 & 633 Pens? ▼
Next read for Plumbers & Pipefitters Local Unions 502 …
Filing takeaways
Ways to act on Plumbers & Pipefitters Local Unions 502 & 633 Pens's numbers.
- By total assets, Plumbers & Pipefitters Local Unions 502 & 633 Pens ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
- Joint Board of Trustees Plumbers & Pipefitters Local Unions's sponsor-wide assets have grown 26.2% since 2022 across 3 plan years on file. More Construction plans