Money Purchase · DOL Form 5500 · 2024

Local 51 Money Purchase Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
1,305
Participants Near avg headcount
89th
Percentile by assets National rank
$63,507
Avg per participant Low balance/head
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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.

  • #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.

#7,093
in Finance & Insurance (8,549 peers)
+12.8%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Plumbers & Pipefitters Local Union #51 Annuity Plan's outsized position by total assets

Plumbers & Pipefitters Local Union #51 Annuity Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$82,876,445 Top 11% higher than 89% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Plumbers & Pipefitters Local Union #51 Annuity Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Plumbers & Pipefitters Local Union #51 Annuity Plan lands in the large band (1,305 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 050504791 · Local 51 PY 2024 · Money Purchase

Plumbers & Pipefitters Local Union #51 Annuity Plan · $83M · 1,305 · 89th

  • TYPE $83M
  • TYPE 1,305
  • TYPE 89th
  • TYPE Money Purchase
  • TYPE near IBEW Local 508 Pension Fund
  • TYPE ind #7093

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 Finance & Insurance retirement plans → · Plans in Rhode Island →

Plumbers & Pipefitters Local Union #51 Annuity Plan in the asset neighbourhood

Atc Individual Account Pension PlanAtc Individual Account Pensi…$84MIBEW Local 508 Pension Fund$83MPlumbers & Pipefitters Local Union #51 Annuity PlanPlumbers & Pipefitters Local…$83MPlumbers & Steamfitters Local 184 Supplemental Pension PlanPlumbers & Steamfitters Loca…$82MPublic Health Management Corp. Employees' Money Purchase Pension PlanPublic Health Management Cor…$82M
End-of-year total assets ($M) among Plumbers & Pipefitters Local Union #51 Annuity Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$73M
Net Assets (End of Year)$83M
Net Income$9M
Employer EIN050504791
Plan Effective Date1999-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Local 51)

Sponsor-wide plan assets over time

All Local 51 plans reported in each filing year

Latest sponsor-wide plan assets
$83M 29.86195057443971% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $63.8M $82.9M ▲ +29.9%
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 Scatter plot of 6 data points. -50000500010000 -1000100200300 Total assets ($M) Participants Plumbers & Pipefitters Local Union #51 Annuity Plan, Total assets ($M): 82.876445 · Participants: 1305Plumbers & Pipefitters Local Union #51 Annuity PlanRhode Island Laborers Annuity Fund, Total assets ($M): 254.647057 · Participants: 9172Rhode Island Laborers Annuity FundAmerican Mathematical Society Retirement Plan, Total assets ($M): 62.5911 · Participants: 183American Mathematical Society Retirement PlanBlackstone Valley Community Health Care Retirement Plan, Total assets ($M): 16.204821 · Participants: 223Blackstone Valley Community Health Care Retirement PlanCentrex Distributors, Inc. Union Employees' Pension Plan, Total assets ($M): 7.6806 · Participants: 109Centrex Distributors, Inc. Union Employees' Pension PlanJaffco Profit Sharing Plan, Total assets ($M): 3.514566 · Participants: 2Jaffco Profit Sharing Plan
Plumbers & Pipefitters Local Union #51 Annuity Plan vs. nearby Money Purchase plans in Rhode Island, assets vs. participants
Compare Plumbers & Pipefitters Local Union #51 Annuity Plan side-by-side with 3 peers →

Plumbers & Pipefitters Local Union #51 Annuity Plan's out-of-state Money Purchase peers by assets and headcount

Outside Rhode Island, the nearest Money Purchase by assets is IBEW Local 508 Pension Fund in GA ($83M); by covered participants it is Laborers' Local #157 Annuity Fund in NY (1,295 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,305 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Plumbers & Pipefitters Local Union #51 Annuity Plan assets move in 2024? ▼
Plumbers & Pipefitters Local Union #51 Annuity Plan grew at a solid clip - up 12.8% during 2024, from $73M to $83M. Reported net income was $9M.
How have Local 51 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Local 51's sponsor-wide assets grew 29.9%, from $64M to $83M.
Where does Plumbers & Pipefitters Local Union #51 Annuity Plan rank by assets among Form 5500 filers? ▼
Plumbers & Pipefitters Local Union #51 Annuity Plan ranks in the 89th 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 Plumbers & Pipefitters Local Union #51 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by assets is IBEW Local 508 Pension Fund in GA ($83M, 786 participants).
Which Money Purchase plans cover a similar participant headcount to Plumbers & Pipefitters Local Union #51 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Laborers' Local #157 Annuity Fund in NY (1,295 participants, $30M in assets).

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 050504791.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.