Money Purchase · DOL Form 5500 · 2024

Monroe Plumbers & Pipefitters Local 671 Money Purchase Plan

Data updated 2026-08-11

$61M
Total assets: 292
Participants: 86th
Percentile by assets: $208,486
Avg per participant

Official DOL plan name: Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust · Sponsored by Monroe Plumbers & Pipefitters Local 671 · Michigan · Construction

$61M in assets, 292 participants

Monroe Plumbers & Pipefitters Local 671's Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust reported $61M in total assets and 292 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

86th percentile by assets (of 123,622 plans)
#7,625 in Construction (9,039 peers)

Coverage in Michigan

Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust covers 292 participants in Michigan, about 46% of the average Michigan filer (state average ~638 per filing). Assets: $61M.

$61M
total plan assets (2024 EOY): 292
covered participants: 86th
percentile by assets (of 123,622 plans): $208,486
avg assets per participant

Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust end-of-year assets rose from $55M in the plan year 2023 filing to $61M in the plan year 2024 filing.
Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust reported net income rose from $5M in the plan year 2023 filing to $6M in the plan year 2024 filing.
Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust reported participants fell from 301 in the plan year 2023 filing to 292 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust reports 292 participants - about 46% of that state average ($61M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$55M
Net Assets (End of Year)	$61M
Net Income	$6M
Employer EIN	386082588
Plan Effective Date	1962-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Monroe Plumbers & Pipefitters Local 671)

Total plan assets by year, all Monroe Plumbers & Pipefitters Local 671 plans on file

Year	Plans	Participants	Total Assets
2022	1	290	$50M
2023	1	301	$55M
2024	1	292	$61M

Nearby Money Purchase Plans in Michigan

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust vs. nearby Money Purchase plans in Michigan, assets vs. participants

Central Midwest Regional Council of Carpenters Defined Contribution Pension Plan $1.6B · 35,197
Michigan Regional Council of Carpenters' Annuity Fund $531M · 17,855
P & M Holding Group, LLP & Affiliated Entities Pension Plan $250M · 1,182
Operating Engineers' Local 324, Defined Contribution Pension Plan $248M · 7,667
Michigan Laborers' Annuity Fund $129M · 4,355

Compare Monroe Plumbers & Pipefitters Local 671 … side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust by total assets, not by location.

Indiana Members Credit Union Pension Plan (IN) $61M · 410
Plumbers & Pipefitters Local 162 Retirement Savings Plan (OH) $61M · 618
Local 338 Annuity Fund (NY) $61M · 6,724
Sheet Metal Workers Local 24 Cincinnati Area Retirement Plan and Trust (OH) $61M · 423

Frequently Asked Questions

How did Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust assets move in 2024? ▼

Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust grew at a solid clip - up 10.2% during 2024, from $55M to $61M. Reported net income was $6M.

How have Monroe Plumbers & Pipefitters Local 671 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Monroe Plumbers & Pipefitters Local 671's sponsor-wide assets grew 21.5%, from $50M to $61M.

Where does Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust rank by assets among Form 5500 filers? ▼

Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust ranks in the 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Money Purchase plans are similar in size to Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust? ▼

Among Money Purchase plans in other states, the closest by assets is Indiana Members Credit Union Pension Plan in IN ($61M, 410 participants).

Next read for Monroe Plumbers & Pipefitters Local 671 …

Filing takeaways

Ways to act on Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust's numbers.

By total assets, Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Money Purchase plans in Michigan. Compare plans
Monroe Plumbers & Pipefitters Local 671's sponsor-wide assets have grown 21.5% 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 386082588.