Money Purchase · DOL Form 5500 · 2024
Local 51 Money Purchase Plan
Data updated 2026-08-11
- $83M
- Total assets
- 1,305
- Participants
- 89th
- Percentile by assets
- $63,507
- Avg per participant
Official DOL plan name: Plumbers & Pipefitters Local Union #51 Annuity Plan · Sponsored by Local 51 · Rhode Island · Finance & Insurance
$83M in assets, 1,305 participants
Local 51's Plumbers & Pipefitters Local Union #51 Annuity Plan reported $83M in total assets and 1,305 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.
- 89th percentile by assets (of 123,622 plans)
- #7,093 in Finance & Insurance (8,549 peers)
Where Plumbers & Pipefitters Local Union #51 Annuity Plan sits by assets
Plumbers & Pipefitters Local Union #51 Annuity Plan sits in the top quartile of all filed plans by assets, $83M for 1,305 participants (~$63,507/participant), up 12.8% in 2024.
- $83M
- total plan assets (2024 EOY)
- 1,305
- covered participants
- 89th
- percentile by assets (of 123,622 plans)
- $63,507
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Plumbers & Pipefitters Local Union #51 Annuity Plan end-of-year assets rose from $73M in the plan year 2023 filing to $83M in the plan year 2024 filing.
- Plumbers & Pipefitters Local Union #51 Annuity Plan reported net income fell from $10M in the plan year 2023 filing to $9M in the plan year 2024 filing.
- Plumbers & Pipefitters Local Union #51 Annuity Plan reported participants rose from 1,273 in the plan year 2023 filing to 1,305 in the plan year 2024 filing.
Plumbers & Pipefitters Local Union #51 Annuity Plan vs the 2024 asset distribution
By assets, Plumbers & Pipefitters Local Union #51 Annuity Plan outranks 89% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $73M |
|---|---|
| Net Assets (End of Year) | $83M |
| Net Income | $9M |
| Employer EIN | 050504791 |
| Plan Effective Date | 1999-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Local 51)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,261 | $64M |
| 2023 | 1 | 1,273 | $73M |
| 2024 | 1 | 1,305 | $83M |
Nearby Money Purchase Plans in Rhode Island
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Plumbers & Pipefitters Local Union #51 Annuity Plan vs. nearby Money Purchase plans in Rhode Island, assets vs. participants
- Rhode Island Laborers Annuity Fund $255M · 9,172
- American Mathematical Society Retirement Plan $63M · 183
- Blackstone Valley Community Health Care Retirement Plan $16M · 223
- Centrex Distributors, Inc. Union Employees' Pension Plan $8M · 109
- Jaffco Profit Sharing Plan $4M · 2
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Plumbers & Pipefitters Local Union #51 Annuity Plan by total assets, not by location.
- IBEW Local 508 Pension Fund (GA) $83M · 786
- Plumbers & Steamfitters Local 184 Supplemental Pension Plan (TN) $82M · 823
- Atc Individual Account Pension Plan (WI) $84M · 537
- Public Health Management Corp. Employees' Money Purchase Pension Plan (PA) $82M · 1,371
Frequently Asked Questions
How did Plumbers & Pipefitters Local Union #51 Annuity Plan assets move in 2024? ▼
How have Local 51 plan assets changed over time? ▼
Where does Plumbers & Pipefitters Local Union #51 Annuity Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Plumbers & Pipefitters Local Union #51 Annuity Plan? ▼
Next read for Plumbers & Pipefitters Local Union #51 A…
Scale reading
Ways to act on Plumbers & Pipefitters Local Union #51 Annuity Plan's numbers.
- By total assets, Plumbers & Pipefitters Local Union #51 Annuity Plan 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 Rhode Island. Compare plans
- Local 51's sponsor-wide assets have grown 29.9% since 2022 across 3 plan years on file. More Finance & Insurance plans