Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of the Plumbers and Pipefitters Local 123 Pension Fund Pension Plan

Data updated 2026-08-11

$67M
Total assets
558
Participants
87th
Percentile by assets
$120,708
Avg per participant
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Official DOL plan name: Plumbers & Pipefitters Local 123 Pension Fund · Sponsored by Trustees of the Plumbers and Pipefitters Local 123 Pension Fund · Florida · Construction

$67M in assets, 558 participants

Trustees of the Plumbers and Pipefitters Local 123 Pension Fund's Plumbers & Pipefitters Local 123 Pension Fund reported $67M in total assets and 558 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • 87th percentile by assets (of 123,622 plans)
  • #7,709 in Construction (9,039 peers)

Where Plumbers & Pipefitters Local 123 Pension Fund sits by assets

Plumbers & Pipefitters Local 123 Pension Fund sits in the top quartile of all filed plans by assets, $67M for 558 participants (~$120,708/participant), up 12.1% in 2024.

$67M
total plan assets (2024 EOY)
558
covered participants
87th
percentile by assets (of 123,622 plans)
$120,708
avg assets per participant

Where Plumbers & Pipefitters Local 123 Pension Fund sits by total assets

Plumbers & Pipefitters Local 123 Pension Fund vs every filed plan by assets

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

$67,354,925 Top 13% higher than 87% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Plumbers & Pipefitters Local 123 Pension Fund reported participants rose from 477 in the plan year 2023 filing to 558 in the plan year 2024 filing.
  • Plumbers & Pipefitters Local 123 Pension Fund end-of-year assets rose from $60M in the plan year 2023 filing to $67M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Florida
Industry
Construction

Plumbers & Pipefitters Local 123 Pension Fund vs the 2024 asset distribution

By assets, Plumbers & Pipefitters Local 123 Pension Fund outranks 87% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$67M
Net Income$7M
Employer EIN596164124
Plan Effective Date1965-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the Plumbers and Pipefitters Local 123 Pension Fund)

$50M$55M$60M$65M$70M 202220232024 $52.7M $67.4M ▲ +27.7%
Total plan assets by year, all Trustees of the Plumbers and Pipefitters Local 123 Pension Fund plans on file
Year Plans Participants Total Assets
2022 1 459 $53M
2023 1 477 $60M
2024 1 558 $67M

Nearby Defined Benefit (Pension) Plans in Florida

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

Plumbers & Pipefitters Local 123 Pension Fund vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants Plumbers & Pipefitte…, Total assets ($B): 0.067354925 · Participants: 558Plumbers & Pipefitte…L3harris Technologie…, Total assets ($B): 7.598643443 · Participants: 4996L3harris Technologie…Nextera Energy, Inc.…, Total assets ($B): 5.345055504 · Participants: 14419Nextera Energy, Inc.…Retirement Accumulat…, Total assets ($B): 2.667043153 · Participants: 3950Retirement Accumulat…Csx Pension Plan, Total assets ($B): 2.291461429 · Participants: 2293Csx Pension PlanRetirement Benefit A…, Total assets ($B): 1.933306082 · Participants: 5001Retirement Benefit A…
Plumbers & Pipefitters Local 123 Pension Fund vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Plumbers & Pipefitters Local 123 Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Plumbers & Pipefitters Local 123 Pension Fund by total assets, not by location.

Frequently Asked Questions

How did Plumbers & Pipefitters Local 123 Pension Fund assets move in 2024? ▼
Plumbers & Pipefitters Local 123 Pension Fund grew at a solid clip - up 12.1% during 2024, from $60M to $67M. Reported net income was $7M.
How have Trustees of the Plumbers and Pipefitters Local 123 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the Plumbers and Pipefitters Local 123 Pension Fund's sponsor-wide assets grew 27.7%, from $53M to $67M.
Where does Plumbers & Pipefitters Local 123 Pension Fund rank by assets among Form 5500 filers? ▼
Plumbers & Pipefitters Local 123 Pension Fund ranks in the 87th 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 Defined Benefit (Pension) plans are similar in size to Plumbers & Pipefitters Local 123 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Commerzbank Aktiengesellschaft Pension Plan for United States Branches in NY ($67M, 85 participants).

Next read for Plumbers & Pipefitters Local 123 Pension…

Scale reading

Ways to act on Plumbers & Pipefitters Local 123 Pension Fund's numbers.

  • By total assets, Plumbers & Pipefitters Local 123 Pension Fund ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Florida. Compare plans
  • Trustees of the Plumbers and Pipefitters Local 123 Pension Fund's sponsor-wide assets have grown 27.7% 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 596164124.

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.