Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund Pension Plan

Data updated 2026-07-24

$1.8B
Total assets: 7,491
Participants: 99th
Percentile by assets: $236,889
Avg per participant

Official DOL plan name: Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund · Sponsored by Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund · New Jersey · Construction

$1.8B in assets, 7,491 participants

Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund's Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund reported $1.8B in total assets and 7,491 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 116,472 plans)

Coverage in New Jersey

Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund covers 7,491 participants in New Jersey, 8.7x the typical New Jersey plan (state average ~865 per filing). Assets: $1.8B.

$1.8B
total plan assets (2024 EOY): 7,491
covered participants: 99th
percentile by assets (of 116,472 plans): $236,889
avg assets per participant

Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund reported net income fell from $242M in the plan year 2023 filing to $142M in the plan year 2024 filing.
Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund end-of-year assets rose from $1.6B in the plan year 2023 filing to $1.8B in the plan year 2024 filing.
Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund reported participants rose from 7,170 in the plan year 2023 filing to 7,491 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New Jersey

Industry

Construction

Participants vs New Jersey filers

In New Jersey, the average filing covers about 865 participants across 3,927 plans. Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund reports 7,491 participants - 8.7x that state average ($1.8B EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$1.6B
Net Assets (End of Year)	$1.8B
Net Income	$142M
Employer EIN	226032103
Plan Effective Date	1953-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund)

Total plan assets by year, all Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	7,124	$1.4B
2023	1	7,170	$1.6B
2024	1	7,491	$1.8B

Nearby Defined Benefit (Pension) Plans in New Jersey

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

Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants

Retirement Plan of Johnson and Johnson $21.1B · 37,882
JPMorgan Chase Retirement Plan $16.1B · 83,812
Nokia Retirement Income Plan $12.9B · 7,280
The Prudential Merged Retirement Plan $12.0B · 16,233
Merck US Pension Plan $10.1B · 26,843

Compare Heavy and General Laborers' Local Unions… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund by total assets, not by location.

Entergy Corporation Retirement Plan for Non-Bargaining Employees (LA) $1.8B · 6,385
Gciu - Employer Retirement Benefit Plan (WA) $1.8B · 1,253
Olin Corporation Employees Pension Plan (MO) $1.8B · 1,970
Conagra Brands, Inc. Pension Plan (IL) $1.8B · 1,467

Frequently Asked Questions

How did Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund assets move in 2024? ▼

Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund grew at a solid clip - up 8.0% during 2024, from $1.6B to $1.8B. Reported net income was $142M.

How have Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund's sponsor-wide assets grew 28.3%, from $1.4B to $1.8B.

Where does Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund rank by assets among Form 5500 filers? ▼

Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Entergy Corporation Retirement Plan for Non-Bargaining Employees in LA ($1.8B, 6,385 participants).

Next read for Heavy and General Laborers' Local Unions…

Filing takeaways

Ways to act on Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund's numbers.

By total assets, Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
Board of Trustees H&gl Local Unions 472 & 172 of Nj Pension Fund's sponsor-wide assets have grown 28.3% 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 226032103.

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.