Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Cement Masons' Pension Fund Pension Plan

Data updated 2026-08-06

$541M
Total assets: 1,243
Participants: 97th
Percentile by assets: $435,192
Avg per participant

Official DOL plan name: Pension Fund of Cement Masons Union Local No. 502 · Sponsored by Board of Trustees Cement Masons' Pension Fund · Illinois · Construction

$541M in assets, 1,243 participants

Board of Trustees Cement Masons' Pension Fund's Pension Fund of Cement Masons Union Local No. 502 reported $541M in total assets and 1,243 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 116,472 plans)

Where Pension Fund of Cement Masons Union Local No. 502 sits by assets

Pension Fund of Cement Masons Union Local No. 502 sits in the top 5% of all filed plans by assets, $541M for 1,243 participants (~$435,192/participant), up 9.2% in 2024.

$541M
total plan assets (2024 EOY): 1,243
covered participants: 97th
percentile by assets (of 116,472 plans): $435,192
avg assets per participant

Pension Fund of Cement Masons Union Local No. 502 reported net income fell from $51M in the plan year 2023 filing to $46M in the plan year 2024 filing.
Pension Fund of Cement Masons Union Local No. 502 end-of-year assets rose from $495M in the plan year 2023 filing to $541M in the plan year 2024 filing.
Pension Fund of Cement Masons Union Local No. 502 reported participants rose from 1,207 in the plan year 2023 filing to 1,243 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Construction

Pension Fund of Cement Masons Union Local No. 502 vs the 2024 asset distribution

By assets, Pension Fund of Cement Masons Union Local No. 502 outranks 97% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.4x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$495M
Net Assets (End of Year)	$540M
Net Income	$46M
Employer EIN	516034597
Plan Effective Date	1956-08-30
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Cement Masons' Pension Fund)

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

Year	Plans	Participants	Total Assets
2022	1	1,153	$444M
2023	1	1,207	$495M
2024	1	1,243	$541M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Pension Fund of Cement Masons Union Local No. 502 vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants

Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
GE Healthcare Pension Plan $13.7B · 5,554
Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
Exelon Corporation Retirement Program $6.1B · 8,898

Compare Pension Fund of Cement Masons Union Loca… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pension Fund of Cement Masons Union Local No. 502 by total assets, not by location.

Local 351 IBEW Pension Plan (NJ) $542M · 1,603
Arconic Corp. Pension Plan a (PA) $539M · 439
Riverside Health System Retirement Income Plan (VA) $539M · 1,780
Tenth Amended & Restated Owens-Illinois Hourly Retirement Plan (OH) $544M · 2,122

Frequently Asked Questions

How did Pension Fund of Cement Masons Union Local No. 502 assets move in 2024? ▼

Pension Fund of Cement Masons Union Local No. 502 grew at a solid clip - up 9.2% during 2024, from $495M to $541M. Reported net income was $46M.

How have Board of Trustees Cement Masons' Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Cement Masons' Pension Fund's sponsor-wide assets grew 21.8%, from $444M to $541M.

Where does Pension Fund of Cement Masons Union Local No. 502 rank by assets among Form 5500 filers? ▼

Pension Fund of Cement Masons Union Local No. 502 ranks in the 97th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Pension Fund of Cement Masons Union Local No. 502? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Local 351 IBEW Pension Plan in NJ ($542M, 1,603 participants).

Next read for Pension Fund of Cement Masons Union Loca…

Scale reading

Ways to act on Pension Fund of Cement Masons Union Local No. 502's numbers.

By total assets, Pension Fund of Cement Masons Union Local No. 502 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 Illinois. Compare plans
Board of Trustees Cement Masons' Pension Fund's sponsor-wide assets have grown 21.8% 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 516034597.

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.