Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of the Plumbers and Pipefitters Local 553 Pension Plan

Data updated 2026-07-24

$60M
Total assets: 273
Participants: 86th
Percentile by assets: $218,616
Avg per participant

Official DOL plan name: Plumbers and Pipefitters Local Union 553 Pension Plan · Sponsored by Trustees of the Plumbers and Pipefitters Local 553 · Illinois · Construction

$60M in assets, 273 participants

Trustees of the Plumbers and Pipefitters Local 553's Plumbers and Pipefitters Local Union 553 Pension Plan reported $60M in total assets and 273 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.

86th percentile by assets (of 116,472 plans)

Coverage in Illinois

Plumbers and Pipefitters Local Union 553 Pension Plan covers 273 participants in Illinois, about 36% of the average Illinois filer (state average ~768 per filing). Assets: $60M.

$60M
total plan assets (2024 EOY): 273
covered participants: 86th
percentile by assets (of 116,472 plans): $218,616
avg assets per participant

Plumbers and Pipefitters Local Union 553 Pension Plan reported net income rose from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.
Plumbers and Pipefitters Local Union 553 Pension Plan reported participants rose from 245 in the plan year 2023 filing to 273 in the plan year 2024 filing.
Plumbers and Pipefitters Local Union 553 Pension Plan end-of-year assets rose from $54M in the plan year 2023 filing to $60M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Construction

Participants vs Illinois filers

In Illinois, the average filing covers about 768 participants across 5,440 plans. Plumbers and Pipefitters Local Union 553 Pension Plan reports 273 participants - about 36% of that state average ($60M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$54M
Net Assets (End of Year)	$59M
Net Income	$5M
Employer EIN	376052808
Plan Effective Date	1965-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of the Plumbers and Pipefitters Local 553)

Total plan assets by year, all Trustees of the Plumbers and Pipefitters Local 553 plans on file

Year	Plans	Participants	Total Assets
2022	1	218	$50M
2023	1	245	$54M
2024	1	273	$60M

Nearby Defined Benefit (Pension) Plans in Illinois

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

Plumbers and Pipefitters Local Union 553 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
Exelon Corporation Retirement Program $6.1B · 8,898

Compare Plumbers and Pipefitters Local Union 553… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Plumbers and Pipefitters Local Union 553 Pension Plan by total assets, not by location.

United Stars, Inc. Pension Plan (WI) $60M · 120
Devro Employees Pension Plan (SC) $60M · 56
The Pension Plan for Employees of the Ohio National Life Insurance Company (OH) $60M · 49
Goulston & Storrs Cash Balance Plan for Directors (MA) $60M · 136

Frequently Asked Questions

How did Plumbers and Pipefitters Local Union 553 Pension Plan assets move in 2024? ▼

Plumbers and Pipefitters Local Union 553 Pension Plan grew at a solid clip - up 9.9% during 2024, from $54M to $60M. Reported net income was $5M.

How have Trustees of the Plumbers and Pipefitters Local 553 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of the Plumbers and Pipefitters Local 553's sponsor-wide assets grew 19.7%, from $50M to $60M.

Where does Plumbers and Pipefitters Local Union 553 Pension Plan rank by assets among Form 5500 filers? ▼

Plumbers and Pipefitters Local Union 553 Pension Plan ranks in the 86th percentile by end-of-year assets among 116,472 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 Plumbers and Pipefitters Local Union 553 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is United Stars, Inc. Pension Plan in WI ($60M, 120 participants).

Next read for Plumbers and Pipefitters Local Union 553…

Filing takeaways

Ways to act on Plumbers and Pipefitters Local Union 553 Pension Plan's numbers.

By total assets, Plumbers and Pipefitters Local Union 553 Pension Plan ranks in the top quartile 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
Trustees of the Plumbers and Pipefitters Local 553's sponsor-wide assets have grown 19.7% 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 376052808.

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.