401(k) · DOL Form 5500 · 2024
Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution 401(k) Plan
Data updated 2026-08-25
- $83M
- Total assets Below avg plan size
- 3,446
- Participants Above avg headcount
- 89th
- Percentile by assets National rank
- $24,059
- Avg per participant Low balance/head
Official DOL plan name: Mechanics Local No. 701 Defined Contribution 401(K · Sponsored by Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution · Illinois · Other Services
$83M in assets, 3,446 participants
Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution's Mechanics Local No. 701 Defined Contribution 401(K reported $83M in total assets and 3,446 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.
- #7,390 in Other Services (7,719 peers)
Coverage in Illinois
Mechanics Local No. 701 Defined Contribution 401(K covers 3,446 participants in Illinois, 4.4x the typical Illinois plan (state average ~779 per filing). Assets: $83M.
- #7,390
- in Other Services (7,719 peers)
- +23.0%
- assets growth YoY
- 0.8×
- vs typical plan assets (national mean)
Mechanics Local No. 701 Defined Contribution 401(K's outsized position by total assets
Mechanics Local No. 701 Defined Contribution 401(K vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$82,907,098 Top 11% higher than 89% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Mechanics Local No. 701 Defined Contribution 401(K'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. Mechanics Local No. 701 Defined Contribution 401(K lands in the large band (3,446 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Mechanics Local No. 701 Defined Contribution 401(K end-of-year assets rose from $67M in the plan year 2023 filing to $83M in the plan year 2024 filing.
- Mechanics Local No. 701 Defined Contribution 401(K reported net income fell from $19M in the plan year 2023 filing to $16M in the plan year 2024 filing.
- Mechanics Local No. 701 Defined Contribution 401(K reported participants fell from 3,663 in the plan year 2023 filing to 3,446 in the plan year 2024 filing.
DOL schedule card
Filing strip 471959684 · Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution PY 2024 · 401(k)
Mechanics Local No. 701 Defined Contribution 401(K · $83M · 3,446 · 89th
- PCT $83M
- PCT 3,446
- PCT 89th
- PCT 401(k)
- PCT near J.Jill 401(k) Plan
- PCT ind #7390
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 Other Services retirement plans → · Plans in Illinois →
Mechanics Local No. 701 Defined Contribution 401(K in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $67M |
|---|---|
| Net Assets (End of Year) | $83M |
| Net Income | $16M |
| Employer EIN | 471959684 |
| Plan Effective Date | 2015-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution)
Sponsor-wide plan assets over time
All Bd of Trustees Automobile Mechanics Local No 701 Defined Contribution plans reported in each filing year
- Latest sponsor-wide plan assets
- $83M 70.48468532907678% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,347 | $49M |
| 2023 | 1 | 3,663 | $67M |
| 2024 | 1 | 3,446 | $83M |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Accenture United States 401(k) Match and Savings Plan $21.3B · 66,965
- State Farm 401(k) Savings Plan $19.0B · 63,297
- United Airlines Pilot Retirement Account Plan $16.8B · 16,659
- Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
- Walgreens Retirement Savings Plan $14.5B · 233,635
Mechanics Local No. 701 Defined Contribution 401(K's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is J.Jill 401(k) Plan in MA ($83M); by covered participants it is Emplicity 401(k) Retirement Savings Plan in CA (3,446 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($83M here).
- J.Jill 401(k) Plan (MA) $83M · 948
- Tierpoint 401(k) Plan (MO) $83M · 928
- Permobil, Inc. 401(k) Profit Sharing and Trust (TN) $83M · 936
- Iue-Cwa 401(k) Retirement Savings and Security Plan (PA) $83M · 2,652
Similar participant headcount
Nearest other-state filings by covered participants (3,446 participants); asset peers above are excluded.
- Emplicity 401(k) Retirement Savings Plan (CA) 3,446 · 0 off
- Rotech Healthcare Inc. 401(k) Savings Plan (FL) 3,445 · 1 off
- The Lamar Savings and Profit Sharing Plan (LA) 3,445 · 1 off
- Golden Entertainment, Inc. 401(k) Savings Plan (NV) 3,442 · 4 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.