Money Purchase · DOL Form 5500 · 2024

Pipefitters Local Union No.537 Money Purchase Plan

Data updated 2026-08-06

$785M
Total assets: 3,331
Participants: 98th
Percentile by assets: $235,522
Avg per participant

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.

98th percentile by assets (of 116,472 plans)
#8,174 in Construction (8,304 peers)

Coverage in Massachusetts

Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan covers 3,331 participants in Massachusetts, 5.2x the typical Massachusetts plan (state average ~641 per filing). Assets: $785M.

$785M
total plan assets (2024 EOY): 3,331
covered participants: 98th
percentile by assets (of 116,472 plans): $235,522
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Construction

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 641 participants across 3,941 plans. Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reports 3,331 participants - 5.2x that state average ($785M EOY assets).

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)

Total plan assets by year, all Pipefitters Local Union No.537 plans on file

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.

Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan vs. nearby Money Purchase plans in Massachusetts, assets vs. participants

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
Tufts University Basic Retirement Plan $1.0B · 5,769
Massachusetts Financial Services Company Defined Contribution Plan $936M · 1,723

Compare Pipefitters Local Union No. 537 Deferred… side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan by total assets, not by location.

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

Frequently Asked Questions

How did Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan assets move in 2024? ▼

Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan grew at a solid clip - up 6.2% during 2024, from $739M to $785M. Reported net income was $50M.

How have Pipefitters Local Union No.537 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Pipefitters Local Union No.537's sponsor-wide assets grew 18.6%, from $662M to $785M.

Where does Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan rank by assets among Form 5500 filers? ▼

Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account 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 Money Purchase plans are similar in size to Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan? ▼

Among Money Purchase plans in other states, the closest by assets is Retirement Plan for Employees of Fermi Research Alliance, LLC in IL ($796M, 1,782 participants).

Next read for Pipefitters Local Union No. 537 Deferred…

Filing takeaways

Ways to act on Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's numbers.

By total assets, Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Money Purchase plans in Massachusetts. Compare plans
Pipefitters Local Union No.537's sponsor-wide assets have grown 18.6% 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 042760802.