Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of Steamfitters Lu 420 Pension Plan Pension Plan

Data updated 2026-07-24

$644M
Total assets: 2,398
Participants: 98th
Percentile by assets: $268,596
Avg per participant

Official DOL plan name: Steamfitters Local Union No. 420 Pension Plan · Sponsored by Board of Trustees of Steamfitters Lu 420 Pension Plan · Pennsylvania · Construction

$644M in assets, 2,398 participants

Board of Trustees of Steamfitters Lu 420 Pension Plan's Steamfitters Local Union No. 420 Pension Plan reported $644M in total assets and 2,398 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 116,472 plans)

Coverage in Pennsylvania

Steamfitters Local Union No. 420 Pension Plan covers 2,398 participants in Pennsylvania, 2.9x the typical Pennsylvania plan (state average ~824 per filing). Assets: $644M.

$644M
total plan assets (2024 EOY): 2,398
covered participants: 98th
percentile by assets (of 116,472 plans): $268,596
avg assets per participant

Steamfitters Local Union No. 420 Pension Plan reported net income fell from $51M in the plan year 2023 filing to $37M in the plan year 2024 filing.
Steamfitters Local Union No. 420 Pension Plan reported participants fell from 2,456 in the plan year 2023 filing to 2,398 in the plan year 2024 filing.
Steamfitters Local Union No. 420 Pension Plan end-of-year assets fell from $646M in the plan year 2023 filing to $644M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Steamfitters Local Union No. 420 Pension Plan reports 2,398 participants - 2.9x that state average ($644M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$646M
Net Assets (End of Year)	$643M
Net Income	$37M
Employer EIN	232004424
Plan Effective Date	1989-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Steamfitters Lu 420 Pension Plan)

Total plan assets by year, all Board of Trustees of Steamfitters Lu 420 Pension Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	2,457	$556M
2023	1	2,456	$646M
2024	1	2,398	$644M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Steamfitters Local Union No. 420 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

Steelworkers Pension Trust $7.2B · 46,110
The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
Constellation Retirement Program $5.0B · 4,809
Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421

Compare Steamfitters Local Union No. 420 Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Steamfitters Local Union No. 420 Pension Plan by total assets, not by location.

Fca US LLC Consolidated Plan (MI) $643M · 1,594
Northwestern Memorial Hospital Employees' Pension Plan (IL) $642M · 2,012
Resolute Fp US Pension Plan () $641M · 261
Permanente Physicians Retirement Plan for Cpmg (CA) $650M · 826

Frequently Asked Questions

How did Steamfitters Local Union No. 420 Pension Plan assets move in 2024? ▼

Steamfitters Local Union No. 420 Pension Plan held essentially flat - down 0.2% during 2024, from $646M to $644M. Reported net income was $37M.

How have Board of Trustees of Steamfitters Lu 420 Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Steamfitters Lu 420 Pension Plan's sponsor-wide assets grew 15.9%, from $556M to $644M.

Where does Steamfitters Local Union No. 420 Pension Plan rank by assets among Form 5500 filers? ▼

Steamfitters Local Union No. 420 Pension Plan ranks in the 98th percentile by end-of-year assets among 116,472 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 Steamfitters Local Union No. 420 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Fca US LLC Consolidated Plan in MI ($643M, 1,594 participants).

Next read for Steamfitters Local Union No. 420 Pension…

Filing takeaways

Ways to act on Steamfitters Local Union No. 420 Pension Plan's numbers.

By total assets, Steamfitters Local Union No. 420 Pension Plan 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 Pennsylvania. Compare plans
Board of Trustees of Steamfitters Lu 420 Pension Plan's sponsor-wide assets have grown 15.9% 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 232004424.

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.