Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of the Plumbers and Pipefitters Local 553 Pension Plan

Data updated 2026-08-25

$60M
Total assets Below avg plan size
273
Participants Below avg headcount
86th
Percentile by assets National rank
$218,616
Avg per participant Above avg balance/head
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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.

  • #7,601 in Construction (9,039 peers)

Coverage in Illinois

Plumbers and Pipefitters Local Union 553 Pension Plan covers 273 participants in Illinois, about 35% of the average Illinois filer (state average ~779 per filing). Assets: $60M.

#7,601
in Construction (9,039 peers)
+9.9%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Plumbers and Pipefitters Local Union 553 Pension Plan's outsized position by total assets

Plumbers and Pipefitters Local Union 553 Pension Plan vs every filed plan by assets

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

$59,682,108 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

Plumbers and Pipefitters Local Union 553 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. Plumbers and Pipefitters Local Union 553 Pension Plan sits mid-pack in the medium band (273 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Form 5500 schedule snapshot

Filing strip 376052808 · Trustees of the Plumbers and Pipefitters Local 553 PY 2024 · Defined Benefit (Pension)

Plumbers and Pipefitters Local Union 553 Pension Plan · $60M · 273 · 86th

  • 5500 $60M
  • ASSETS 273
  • PCT 86th
  • EIN Defined Benefit (Pension)
  • RANK near United Stars, Inc. Pension Plan
  • PHOTO ind #7601

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 Illinois →

Plumbers and Pipefitters Local Union 553 Pension Plan in the asset neighbourhood

Goulston & Storrs Cash Balance Plan for DirectorsGoulston & Storrs Cash Balan…$60MThe Pension Plan for Employees of the Ohio National Life Insurance CompanyThe Pension Plan for Employe…$60MDevro Employees Pension Plan$60MUnited Stars, Inc. Pension PlanUnited Stars, Inc. Pension P…$60MPlumbers and Pipefitters Local Union 553 Pension PlanPlumbers and Pipefitters Loc…$60M
End-of-year total assets ($M) among Plumbers and Pipefitters Local Union 553 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$54M
Net Assets (End of Year)$59M
Net Income$5M
Employer EIN376052808
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Trustees of the Plumbers and Pipefitters Local 553 plans reported in each filing year

Latest sponsor-wide plan assets
$60M 19.661325498306255% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $49.9M $59.7M ▲ +19.6%
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 Scatter plot of 6 data points. -1000001000020000300004000050000 -200204060 Total assets ($B) Participants Plumbers and Pipefitters Local Union 553 Pension Plan, Total assets ($B): 0.059682108 · Participants: 273Plumbers and Pipefitters Local Union 553 Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 48.22071058 · Participants: 36799Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 37.736369487 · Participants: 41619State Farm Insurance Companies Retirement Plan for United States EmployeesGE Healthcare Pension Plan, Total assets ($B): 13.74052931 · Participants: 5554GE Healthcare Pension PlanAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 8.591907247 · Participants: 17875Abbott Laboratories Annuity Retirement PlanUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 8.17675965 · Participants: 20984United Food & Commercial Workers Intl Union - Industry Pension Fund
Plumbers and Pipefitters Local Union 553 Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Plumbers and Pipefitters Local Union 553 Pension Plan side-by-side with 3 peers →

Plumbers and Pipefitters Local Union 553 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is United Stars, Inc. Pension Plan in WI ($60M); by covered participants it is Ubs Pension Plan in NJ (273 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (273 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 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 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Plumbers and Pipefitters Local Union 553 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ubs Pension Plan in NJ (273 participants, $380M 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 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.