Defined Benefit (Pension) · DOL Form 5500 · 2024
Board of Trustees, Ironworkers Local #16 Pension Plan Pension Plan
Data updated 2026-08-06
- $127M
- Total assets
- 110
- Participants
- 92nd
- Percentile by assets
- $1.2M
- Avg per participant
Official DOL plan name: Ironworkers Local #16 Pension Plan · Sponsored by Board of Trustees, Ironworkers Local #16 Pension Plan · Washington · Construction
$127M in assets, 110 participants
Board of Trustees, Ironworkers Local #16 Pension Plan's Ironworkers Local #16 Pension Plan reported $127M in total assets and 110 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 116,472 plans)
- #7,604 in Construction (8,304 peers)
Coverage in Washington
Ironworkers Local #16 Pension Plan covers 110 participants in Washington, about 8% of the average Washington filer (state average ~1,466 per filing). Assets: $127M.
- $127M
- total plan assets (2024 EOY)
- 110
- covered participants
- 92nd
- percentile by assets (of 116,472 plans)
- $1.2M
- avg assets per participant
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Ironworkers Local #16 Pension Plan reported net income fell from $65M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
- Ironworkers Local #16 Pension Plan reported participants fell from 117 in the plan year 2023 filing to 110 in the plan year 2024 filing.
- Ironworkers Local #16 Pension Plan end-of-year assets fell from $129M in the plan year 2023 filing to $127M in the plan year 2024 filing.
Participants vs Washington filers
In Washington, the average filing covers about 1,466 participants across 2,450 plans. Ironworkers Local #16 Pension Plan reports 110 participants - about 8% of that state average ($127M EOY assets).
Washington filing particulars
| Total Assets (Beginning of Year) | $129M |
|---|---|
| Net Assets (End of Year) | $122M |
| Net Income | -$3M |
| Employer EIN | 526148924 |
| Plan Effective Date | 1960-07-19 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, Ironworkers Local #16 Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 167 | $65M |
| 2023 | 1 | 117 | $129M |
| 2024 | 1 | 110 | $127M |
Nearby Defined Benefit (Pension) Plans in Washington
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Ironworkers Local #16 Pension Plan vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants
- Western Conference of Teamsters Pension Plan $56.4B · 231,156
- The Pension Value Plan for Employees of the Boeing Company $23.3B · 29,538
- The Boeing Company Employee Retirement Plan $15.4B · 31,398
- Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan $3.3B · 8,695
- Paccar Inc Retirement Plan $2.7B · 10,345
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Ironworkers Local #16 Pension Plan by total assets, not by location.
- Willkie Farr & Gallagher LLP Partner Pension Plan (NY) $127M · 261
- Pension Plan for Kapl Employees in Participating Bargaining Units (PA) $127M · 141
- Comau LLC Employees' Retirement Income Plan (MI) $127M · 321
- Nfl Player Cash Balance Plan (MD) $127M · 1,317
Frequently Asked Questions
How did Ironworkers Local #16 Pension Plan assets move in 2024? ▼
How have Board of Trustees, Ironworkers Local #16 Pension Plan plan assets changed over time? ▼
Where does Ironworkers Local #16 Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Ironworkers Local #16 Pension Plan? ▼
Next read for Ironworkers Local #16 Pension Plan
Filing takeaways
Ways to act on Ironworkers Local #16 Pension Plan's numbers.
- By total assets, Ironworkers Local #16 Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Washington. Compare plans
- Board of Trustees, Ironworkers Local #16 Pension Plan's sponsor-wide assets have grown 96.1% since 2022 across 3 plan years on file. More Construction plans