Defined Benefit (Pension) · DOL Form 5500 · 2024

Shopmen Iron Workers Local 502 Board of Trustees Pension Fund Pension Plan

Data updated 2026-08-25

$75M
Total assets Below avg plan size
206
Participants Below avg headcount
88th
Percentile by assets National rank
$365,018
Avg per participant High balance/head
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Official DOL plan name: Shopmen Local Union 502 Pension Plan · Sponsored by Shopmen Iron Workers Local 502 Board of Trustees Pension Fund · Pennsylvania · Manufacturing

$75M in assets, 206 participants

Shopmen Iron Workers Local 502 Board of Trustees Pension Fund's Shopmen Local Union 502 Pension Plan reported $75M in total assets and 206 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #14,718 in Manufacturing (17,777 peers)

Coverage in Pennsylvania

Shopmen Local Union 502 Pension Plan covers 206 participants in Pennsylvania, about 25% of the average Pennsylvania filer (state average ~822 per filing). Assets: $75M.

#14,718
in Manufacturing (17,777 peers)
+3.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Shopmen Local Union 502 Pension Plan's outsized position by total assets

Shopmen Local Union 502 Pension Plan vs every filed plan by assets

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

$75,193,801 Top 12% higher than 88% 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

Shopmen Local Union 502 Pension Plan 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. Shopmen Local Union 502 Pension Plan sits mid-pack in the medium band (206 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Shopmen Local Union 502 Pension Plan reported net income fell from $5M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Shopmen Local Union 502 Pension Plan reported participants fell from 220 in the plan year 2023 filing to 206 in the plan year 2024 filing.
  • Shopmen Local Union 502 Pension Plan end-of-year assets rose from $73M in the plan year 2023 filing to $75M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 236529457 · Shopmen Iron Workers Local 502 Board of Trustees Pension Fund PY 2024 · Defined Benefit (Pension)

Shopmen Local Union 502 Pension Plan · $75M · 206 · 88th

  • BOY $75M
  • SCH 206
  • EBSA 88th
  • PART Defined Benefit (Pension)
  • TYPE near Lowenstein Sandler Employees' Pension Plan
  • NET ind #14718

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 Manufacturing retirement plans → · Plans in Pennsylvania →

Shopmen Local Union 502 Pension Plan in the asset neighbourhood

Pension Plan of Locals 794 & 819, I.a.T.S.E.Pension Plan of Locals 794 &…$75MLowenstein Sandler Employees' Pension PlanLowenstein Sandler Employees…$75MShopmen Local Union 502 Pension PlanShopmen Local Union 502 Pens…$75MMannington Pension Plan and TrustMannington Pension Plan and …$75MWestmoreland Retirement Plan$75M
End-of-year total assets ($M) among Shopmen Local Union 502 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$73M
Net Assets (End of Year)$75M
Net Income$2M
Employer EIN236529457
Plan Effective Date1962-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shopmen Iron Workers Local 502 Board of Trustees Pension Fund)

Sponsor-wide plan assets over time

All Shopmen Iron Workers Local 502 Board of Trustees Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$75M 11.480577296389736% vs 2022
2024 filing year
$65M$70M$75M$80M 202220232024 $67.5M $75.2M ▲ +11.5%
Year Plans Participants Total Assets
2022 1 236 $67M
2023 1 220 $73M
2024 1 206 $75M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Shopmen Local Union 502 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Shopmen Local Union 502 Pension Plan, Total assets ($B): 0.075193801 · Participants: 206Shopmen Local Union 502 Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
Shopmen Local Union 502 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Shopmen Local Union 502 Pension Plan side-by-side with 3 peers →

Shopmen Local Union 502 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Lowenstein Sandler Employees' Pension Plan in NJ ($75M); by covered participants it is Swift Pension Plan in VA (206 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($75M here).

Similar participant headcount

Nearest other-state filings by covered participants (206 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 Shopmen Local Union 502 Pension Plan assets move in 2024? ▼
Shopmen Local Union 502 Pension Plan edged up modestly - up 3.1% during 2024, from $73M to $75M. Reported net income was $2M.
How have Shopmen Iron Workers Local 502 Board of Trustees Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shopmen Iron Workers Local 502 Board of Trustees Pension Fund's sponsor-wide assets grew 11.5%, from $67M to $75M.
Where does Shopmen Local Union 502 Pension Plan rank by assets among Form 5500 filers? ▼
Shopmen Local Union 502 Pension Plan ranks in the 88th 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 Shopmen Local Union 502 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Lowenstein Sandler Employees' Pension Plan in NJ ($75M, 158 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Shopmen Local Union 502 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Swift Pension Plan in VA (206 participants, $216M 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 236529457.

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.