Defined Benefit (Pension) · DOL Form 5500 · 2024

Plumbers Local 98 Defined Benefit Pension Fund Pension Plan

Data updated 2026-08-11

$296M
Total assets: 814
Participants: 96th
Percentile by assets: $363,155
Avg per participant

Official DOL plan name: Plumbers Local No 98 Defined Benefit Pension Fund · Sponsored by Plumbers Local 98 Defined Benefit Pension Fund · Michigan · Construction

$296M in assets, 814 participants

Plumbers Local 98 Defined Benefit Pension Fund's Plumbers Local No 98 Defined Benefit Pension Fund reported $296M in total assets and 814 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 123,622 plans)
#8,600 in Construction (9,039 peers)

Where Plumbers Local No 98 Defined Benefit Pension Fund sits by assets

Plumbers Local No 98 Defined Benefit Pension Fund sits in the top 5% of all filed plans by assets, $296M for 814 participants (~$363,155/participant), up 14.8% in 2024.

$296M
total plan assets (2024 EOY): 814
covered participants: 96th
percentile by assets (of 123,622 plans): $363,155
avg assets per participant

Plumbers Local No 98 Defined Benefit Pension Fund reported net income rose from $32M in the plan year 2023 filing to $38M in the plan year 2024 filing.
Plumbers Local No 98 Defined Benefit Pension Fund end-of-year assets rose from $258M in the plan year 2023 filing to $296M in the plan year 2024 filing.
Plumbers Local No 98 Defined Benefit Pension Fund reported participants rose from 780 in the plan year 2023 filing to 814 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Michigan

Industry

Construction

Plumbers Local No 98 Defined Benefit Pension Fund vs the 2024 asset distribution

By assets, Plumbers Local No 98 Defined Benefit Pension Fund outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$258M
Net Assets (End of Year)	$295M
Net Income	$38M
Employer EIN	383031916
Plan Effective Date	1993-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Plumbers Local 98 Defined Benefit Pension Fund)

Total plan assets by year, all Plumbers Local 98 Defined Benefit Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	774	$225M
2023	1	780	$258M
2024	1	814	$296M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Plumbers Local No 98 Defined Benefit Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
Ford Motor Company UAW Retirement Plan $17.8B · 25,742
Ford Motor Company General Retirement Plan $12.1B · 8,585
Dow Employees' Pension Plan $10.9B · 6,888
Fca US LLC UAW Pension Agreement $10.3B · 12,752

Compare Plumbers Local No 98 Defined Benefit Pen… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Plumbers Local No 98 Defined Benefit Pension Fund by total assets, not by location.

I.B.E.W. Pacific Coast Pension Fund (WA) $295M · 738
Employees Pension Plan of Credit Suisse (NY) $296M · 183
Plumbers & Steamfitters Local 21 Pension Fund (NY) $295M · 669
Barnes Group Inc. Consolidated Pension Plan (CT) $295M · 104

Frequently Asked Questions

How did Plumbers Local No 98 Defined Benefit Pension Fund assets move in 2024? ▼

Plumbers Local No 98 Defined Benefit Pension Fund grew at a solid clip - up 14.8% during 2024, from $258M to $296M. Reported net income was $38M.

How have Plumbers Local 98 Defined Benefit Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Plumbers Local 98 Defined Benefit Pension Fund's sponsor-wide assets grew 31.1%, from $225M to $296M.

Where does Plumbers Local No 98 Defined Benefit Pension Fund rank by assets among Form 5500 filers? ▼

Plumbers Local No 98 Defined Benefit Pension Fund ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Plumbers Local No 98 Defined Benefit Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is I.B.E.W. Pacific Coast Pension Fund in WA ($295M, 738 participants).

Next read for Plumbers Local No 98 Defined Benefit Pen…

Scale reading

Ways to act on Plumbers Local No 98 Defined Benefit Pension Fund's numbers.

By total assets, Plumbers Local No 98 Defined Benefit Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
Plumbers Local 98 Defined Benefit Pension Fund's sponsor-wide assets have grown 31.1% since 2022 across 3 plan years on file. More Construction plans

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 383031916.