Defined Benefit (Pension) · DOL Form 5500 · 2024

Iron Workers No 28 Pension Fund Pension Plan

Data updated 2026-08-25

$62M
Total assets Below avg plan size
236
Participants Below avg headcount
86th
Percentile by assets National rank
$263,360
Avg per participant High balance/head
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Official DOL plan name: Iron Workers No 28 Pension Fund · Sponsored by Iron Workers No 28 Pension Fund · Virginia · Construction

$62M in assets, 236 participants

Iron Workers No 28 Pension Fund's Iron Workers No 28 Pension Fund reported $62M in total assets and 236 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,645 in Construction (9,039 peers)

Coverage in Virginia

Iron Workers No 28 Pension Fund covers 236 participants in Virginia, about 30% of the average Virginia filer (state average ~782 per filing). Assets: $62M.

#7,645
in Construction (9,039 peers)
+14.5%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Iron Workers No 28 Pension Fund's outsized position by total assets

Iron Workers No 28 Pension Fund vs every filed plan by assets

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

$62,152,871 Top 14% higher than 86% of 123,620 filed plans

This plan $0 $2,050,000,000 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

Iron Workers No 28 Pension Fund among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Workers No 28 Pension Fund sits mid-pack in the medium band (236 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Iron Workers No 28 Pension Fund reported net income rose from $6M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Iron Workers No 28 Pension Fund end-of-year assets rose from $54M in the plan year 2023 filing to $62M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 546112218 · Iron Workers No 28 Pension Fund PY 2024 · Defined Benefit (Pension)

Iron Workers No 28 Pension Fund · $62M · 236 · 86th

  • NET $62M
  • BOOK 236
  • VS-ST 86th
  • BOY Defined Benefit (Pension)
  • SCH near Marietta Memorial Hospital Retirement Plan
  • EBSA ind #7645

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 Construction retirement plans → · Plans in Virginia →

Iron Workers No 28 Pension Fund in the asset neighbourhood

Marietta Memorial Hospital Retirement PlanMarietta Memorial Hospital R…$62MIron Workers No 28 Pension FundIron Workers No 28 Pension F…$62MLocal 854 Pension Fund$62MNc Farm Bureau Co Retirement PlanNc Farm Bureau Co Retirement…$62MCopeland Corporation Retirement Income Plan for Employees in Collective Bargaining UnitCopeland Corporation Retirem…$62M
End-of-year total assets ($M) among Iron Workers No 28 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$62M
Net Income$8M
Employer EIN546112218
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Workers No 28 Pension Fund)

Sponsor-wide plan assets over time

All Iron Workers No 28 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$62M 27.950836127809715% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $48.6M $62.2M ▲ +27.9%
Year Plans Participants Total Assets
2022 1 249 $49M
2023 1 236 $54M
2024 1 236 $62M

Nearby Defined Benefit (Pension) Plans in Virginia

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

Iron Workers No 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Iron Workers No 28 Pension Fund, Total assets ($B): 0.062152871 · Participants: 236Iron Workers No 28 Pension FundNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion Energy Pension Plan
Iron Workers No 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Iron Workers No 28 Pension Fund side-by-side with 3 peers →

Iron Workers No 28 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Marietta Memorial Hospital Retirement Plan in OH ($62M); by covered participants it is Preformed Line Products Company Hourly Employees Retirement Plan in OH (236 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (236 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Iron Workers No 28 Pension Fund assets move in 2024? ▼
Iron Workers No 28 Pension Fund grew at a solid clip - up 14.5% during 2024, from $54M to $62M. Reported net income was $8M.
How have Iron Workers No 28 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Workers No 28 Pension Fund's sponsor-wide assets grew 28.0%, from $49M to $62M.
Where does Iron Workers No 28 Pension Fund rank by assets among Form 5500 filers? ▼
Iron Workers No 28 Pension Fund ranks in the 86th 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 Iron Workers No 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Marietta Memorial Hospital Retirement Plan in OH ($62M, 331 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers No 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Preformed Line Products Company Hourly Employees Retirement Plan in OH (236 participants, $29M in assets).

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 546112218.

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.