Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, Michigan Carpenters' Pension Fund Pension Plan

Data updated 2026-08-11

$725M
Total assets: 3,408
Participants: 98th
Percentile by assets: $212,645
Avg per participant

Official DOL plan name: Michigan Carpenters' Pension Fund · Sponsored by Board of Trustees, Michigan Carpenters' Pension Fund · Michigan · Construction

$725M in assets, 3,408 participants

Board of Trustees, Michigan Carpenters' Pension Fund's Michigan Carpenters' Pension Fund reported $725M in total assets and 3,408 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)
#8,867 in Construction (9,030 peers)

Coverage in Michigan

Michigan Carpenters' Pension Fund covers 3,408 participants in Michigan, 5.3x the typical Michigan plan (state average ~638 per filing). Assets: $725M.

$725M
total plan assets (2023 EOY): 3,408
covered participants: 98th
percentile by assets (of 127,072 plans): $212,645
avg assets per participant

Where Michigan Carpenters' Pension Fund sits by total assets

Michigan Carpenters' Pension Fund vs every filed plan by assets

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

$724,692,488 Top 2% higher than 98% 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

Michigan Carpenters' Pension Fund reported net income rose from $12M in the plan year 2022 filing to $65M in the plan year 2023 filing.
Michigan Carpenters' Pension Fund end-of-year assets rose from $659M in the plan year 2022 filing to $725M in the plan year 2023 filing.
Michigan Carpenters' Pension Fund reported participants rose from 3,379 in the plan year 2022 filing to 3,408 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Michigan Carpenters' Pension Fund reports 3,408 participants - 5.3x that state average ($725M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$659M
Net Assets (End of Year)	$722M
Net Income	$65M
Employer EIN	386233978
Plan Effective Date	1963-08-06
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, Michigan Carpenters' Pension Fund)

Total plan assets by year, all Board of Trustees, Michigan Carpenters' Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	3,379	$659M
2023	1	3,408	$725M
2024	1	3,894	$774M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Michigan Carpenters' Pension Fund 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

Compare Michigan Carpenters' Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Michigan Carpenters' Pension Fund by total assets, not by location.

Teco Energy Group Retirement Plan (FL) $722M · 3,381
Trucking Employees of North Jersey Pension Fund (NJ) $721M · 419
2019 Bmw Pension Plan (NJ) $721M · 1,442
Wec Energy Group Retirement Plan for Wisconsin Public Service Corporation (WI) $720M · 569

Frequently Asked Questions

How did Michigan Carpenters' Pension Fund assets move in 2023? ▼

Michigan Carpenters' Pension Fund grew at a solid clip - up 9.9% during 2023, from $659M to $725M. Reported net income was $65M.

How have Board of Trustees, Michigan Carpenters' Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees, Michigan Carpenters' Pension Fund's sponsor-wide assets grew 17.4%, from $659M to $774M.

Where does Michigan Carpenters' Pension Fund rank by assets among Form 5500 filers? ▼

Michigan Carpenters' Pension Fund ranks in the 98th 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 Michigan Carpenters' Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Teco Energy Group Retirement Plan in FL ($722M, 3,381 participants).

Next read for Michigan Carpenters' Pension Fund

Filing takeaways

Ways to act on Michigan Carpenters' Pension Fund's numbers.

By total assets, Michigan Carpenters' Pension Fund 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
Board of Trustees, Michigan Carpenters' Pension Fund's sponsor-wide assets have grown 17.4% since 2022 across 3 plan years on file. More Construction plans

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 386233978.