Money Purchase · DOL Form 5500 · 2024
Pipefitters Local Union No.537 Money Purchase Plan
Data updated 2026-08-25
- $785M
- Total assets Above avg plan size
- 3,331
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $235,522
- Avg per participant Above avg balance/head
Official DOL plan name: Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan · Sponsored by Pipefitters Local Union No.537 · Massachusetts · Construction
$785M in assets, 3,331 participants
Pipefitters Local Union No.537's Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reported $785M in total assets and 3,331 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.
- #8,870 in Construction (9,039 peers)
Coverage in Massachusetts
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan covers 3,331 participants in Massachusetts, 5.1x the typical Massachusetts plan (state average ~659 per filing). Assets: $785M.
- #8,870
- in Construction (9,039 peers)
- +6.2%
- assets growth YoY
- 7.9×
- vs typical plan assets (national mean)
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's outsized position by total assets
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$784,524,614 Top 2% higher than 98% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan lands in the large band (3,331 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reported net income fell from $70M in the plan year 2023 filing to $50M in the plan year 2024 filing.
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan end-of-year assets rose from $739M in the plan year 2023 filing to $785M in the plan year 2024 filing.
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reported participants rose from 3,231 in the plan year 2023 filing to 3,331 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 042760802 · Pipefitters Local Union No.537 PY 2024 · Money Purchase
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan · $785M · 3,331 · 98th
- PART $785M
- TYPE 3,331
- NET 98th
- BOOK Money Purchase
- VS-ST near Retirement Plan for Employees of Fermi Research Alliance, LLC
- BOY ind #8870
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 Massachusetts →
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $739M |
|---|---|
| Net Assets (End of Year) | $776M |
| Net Income | $50M |
| Employer EIN | 042760802 |
| Plan Effective Date | 1981-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Pipefitters Local Union No.537)
Sponsor-wide plan assets over time
All Pipefitters Local Union No.537 plans reported in each filing year
- Latest sponsor-wide plan assets
- $785M 18.570833039144823% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,123 | $662M |
| 2023 | 1 | 3,231 | $739M |
| 2024 | 1 | 3,331 | $785M |
Nearby Money Purchase Plans in Massachusetts
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- Retirement Income Plan for Teaching Faculty of Harvard University $2.4B · 2,774
- Massachusetts Laborers' Annuity Fund $2.3B · 11,506
- Harvard University Defined Contribution Retirement Plan $2.0B · 14,571
- Electrical Workers Deferred Income Plan Local 103, I.B.E.W. $1.8B · 8,421
- Tufts University Basic Retirement Plan $1.0B · 5,769
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's out-of-state Money Purchase peers by assets and headcount
Outside Massachusetts, the nearest Money Purchase by assets is Retirement Plan for Employees of Fermi Research Alliance, LLC in IL ($796M); by covered participants it is Hawaii Laborers' Annuity Fund in HI (3,391 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($785M here).
- Retirement Plan for Employees of Fermi Research Alliance, LLC (IL) $796M · 1,782
- Central Pennsylvania Teamsters Retirement Income Plan 1987 (PA) $806M · 3,427
- Saint Louis University Retirement Plan (MO) $755M · 2,836
- Kaiser Permanente Supplemental Savings and Retirement Plan for Union Groups (CA) $833M · 12,349
Similar participant headcount
Nearest other-state filings by covered participants (3,331 participants); asset peers above are excluded.
- Hawaii Laborers' Annuity Fund (HI) 3,391 · 60 off
- Southern Carpenters Supplemental Pension Plan (TN) 3,142 · 189 off
- IBEW Local Union No. 22/NECA Defined Contribution Pension Fund, Plan B (NE) 3,130 · 201 off
- University of Dayton Defined Contribution Retirement Plan (OH) 3,130 · 201 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.