Defined Benefit (Pension) · DOL Form 5500 · 2024
Payroll & Insurance Group, Inc. Pension Plan
Data updated 2026-08-11
- $200M
- Total assets
- 394
- Participants
- 94th
- Percentile by assets
- $508,246
- Avg per participant
Official DOL plan name: Metal Companies Multi-Employer Pension Plan · Sponsored by Payroll & Insurance Group, Inc. · Illinois · Professional & Technical Services
$200M in assets, 394 participants
Payroll & Insurance Group, Inc.'s Metal Companies Multi-Employer Pension Plan reported $200M in total assets and 394 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 123,622 plans)
- #19,245 in Professional & Technical Services (20,173 peers)
Where Metal Companies Multi-Employer Pension Plan sits by assets
Metal Companies Multi-Employer Pension Plan sits in the top 10% of all filed plans by assets, $200M for 394 participants (~$508,246/participant), up 1.6% in 2024.
- $200M
- total plan assets (2024 EOY)
- 394
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $508,246
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Metal Companies Multi-Employer Pension Plan reported net income fell from $11M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Metal Companies Multi-Employer Pension Plan reported participants fell from 413 in the plan year 2023 filing to 394 in the plan year 2024 filing.
- Metal Companies Multi-Employer Pension Plan end-of-year assets rose from $197M in the plan year 2023 filing to $200M in the plan year 2024 filing.
Metal Companies Multi-Employer Pension Plan vs the 2024 asset distribution
By assets, Metal Companies Multi-Employer Pension Plan outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $197M |
|---|---|
| Net Assets (End of Year) | $200M |
| Net Income | $3M |
| Employer EIN | 010606601 |
| Plan Effective Date | 1998-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Payroll & Insurance Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,573 | $296M |
| 2023 | 2 | 1,577 | $329M |
| 2024 | 2 | 1,594 | $359M |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Metal Companies Multi-Employer Pension Plan 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 Metal Companies Multi-Employer Pension Plan by total assets, not by location.
- Sheet Metal Workers' Local No. 33 Cleveland District Pension Plan (OH) $200M · 472
- Zurn Pension Plan (WI) $200M · 109
- Kern County Electrical Workers Pension Fund (CA) $201M · 689
- Carmax, Inc. Pension Plan (VA) $199M · 2,563
Frequently Asked Questions
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Ways to act on Metal Companies Multi-Employer Pension Plan's numbers.
- By total assets, Metal Companies Multi-Employer Pension Plan ranks in the top 10% 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
- Payroll & Insurance Group, Inc.'s sponsor-wide assets have grown 21.6% since 2022 across 3 plan years on file. More Professional & Technical Services plans