Defined Benefit (Pension) · DOL Form 5500 · 2024
Trustees of Automobile Mechanics' Local No. 701 Pension Fund Pension Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 3,962
- Participants
- 99th
- Percentile by assets
- $310,016
- Avg per participant
Official DOL plan name: Automobile Mechanics' Local No. 701 Pension Fund · Sponsored by Trustees of Automobile Mechanics' Local No. 701 Pension Fund · Illinois · Other Services
$1.2B in assets, 3,962 participants
Trustees of Automobile Mechanics' Local No. 701 Pension Fund's Automobile Mechanics' Local No. 701 Pension Fund reported $1.2B in total assets and 3,962 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 123,622 plans)
- #7,702 in Other Services (7,719 peers)
Coverage in Illinois
Automobile Mechanics' Local No. 701 Pension Fund covers 3,962 participants in Illinois, 5.1x the typical Illinois plan (state average ~779 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2024 EOY)
- 3,962
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $310,016
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Automobile Mechanics' Local No. 701 Pension Fund reported net income rose from $91M in the plan year 2023 filing to $113M in the plan year 2024 filing.
- Automobile Mechanics' Local No. 701 Pension Fund end-of-year assets rose from $1.1B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Automobile Mechanics' Local No. 701 Pension Fund reports 3,962 participants - 5.1x that state average ($1.2B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | $113M |
| Employer EIN | 366042061 |
| Plan Effective Date | 1958-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Automobile Mechanics' Local No. 701 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 4,330 | $1.0B |
| 2023 | 1 | 3,964 | $1.1B |
| 2024 | 1 | 3,962 | $1.2B |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Automobile Mechanics' Local No. 701 Pension Fund 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
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Automobile Mechanics' Local No. 701 Pension Fund by total assets, not by location.
- The General Pension Plan of the International Union of Operating Engineers (DC) $1.2B · 2,205
- Hanford Multi-Employer Pension Plan (WA) $1.2B · 1,432
- Pension Plan of Local 464a (NJ) $1.2B · 7,229
- Elevance Health Cash Balance Plan a (IN) $1.2B · 7,552
Frequently Asked Questions
How did Automobile Mechanics' Local No. 701 Pension Fund assets move in 2024? ▼
How have Trustees of Automobile Mechanics' Local No. 701 Pension Fund plan assets changed over time? ▼
Where does Automobile Mechanics' Local No. 701 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Automobile Mechanics' Local No. 701 Pension Fund? ▼
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Filing takeaways
Ways to act on Automobile Mechanics' Local No. 701 Pension Fund's numbers.
- By total assets, Automobile Mechanics' Local No. 701 Pension Fund ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Trustees of Automobile Mechanics' Local No. 701 Pension Fund's sponsor-wide assets have grown 19.9% since 2022 across 3 plan years on file. More Other Services plans