Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of Ironworkers Local Union No. 402 Pension Fund Pension Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
106
Participants Small participant base
65th
Percentile by assets National rank
$145,512
Avg per participant Above avg balance/head
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Official DOL plan name: Ironworkers Local Union No. 402 Pension Fund · Sponsored by Trustees of Ironworkers Local Union No. 402 Pension Fund · Pennsylvania · Finance & Insurance

$15M in assets, 106 participants

Trustees of Ironworkers Local Union No. 402 Pension Fund's Ironworkers Local Union No. 402 Pension Fund reported $15M in total assets and 106 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,191 in Finance & Insurance (8,549 peers)

Coverage in Pennsylvania

Ironworkers Local Union No. 402 Pension Fund covers 106 participants in Pennsylvania, about 13% of the average Pennsylvania filer (state average ~822 per filing). Assets: $15M.

#4,191
in Finance & Insurance (8,549 peers)
-3.9%
assets change YoY

The plan reported a net loss of $598K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Ironworkers Local Union No. 402 Pension Fund's mid-pack asset rank among Finance & Insurance and all filers

Ironworkers Local Union No. 402 Pension Fund vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$15,424,306 Top 35% higher than 65% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Ironworkers Local Union No. 402 Pension Fund among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ironworkers Local Union No. 402 Pension Fund sits mid-pack in the medium band (106 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ironworkers Local Union No. 402 Pension Fund reported net income fell from $707K in the plan year 2023 filing to -$598K in the plan year 2024 filing.
  • Ironworkers Local Union No. 402 Pension Fund reported participants rose from 99 in the plan year 2023 filing to 106 in the plan year 2024 filing.
  • Ironworkers Local Union No. 402 Pension Fund end-of-year assets fell from $16M in the plan year 2023 filing to $15M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 596227518 · Trustees of Ironworkers Local Union No. 402 Pension Fund PY 2024 · Defined Benefit (Pension)

Ironworkers Local Union No. 402 Pension Fund · $15M · 106 · 65th

  • SCH $15M
  • EBSA 106
  • PART 65th
  • TYPE Defined Benefit (Pension)
  • NET near Sbera Pension Plan as Adopted by Cape Ann Savings Bank
  • BOOK ind #4191

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 Finance & Insurance retirement plans → · Plans in Pennsylvania →

Ironworkers Local Union No. 402 Pension Fund in the asset neighbourhood

Trivium Defined Benefit Plan$15MPension Retirement Plan for the Employees of Robert W. Woodruff Arts CenterPension Retirement Plan for …$15MIronworkers Local Union No. 402 Pension FundIronworkers Local Union No. …$15MSbera Pension Plan as Adopted by Cape Ann Savings BankSbera Pension Plan as Adopte…$15MDetroit Institute of Arts Pension PlanDetroit Institute of Arts Pe…$15M
End-of-year total assets ($M) among Ironworkers Local Union No. 402 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$15M
Net Income-$598K
Employer EIN596227518
Plan Effective Date1969-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Ironworkers Local Union No. 402 Pension Fund)

Sponsor-wide plan assets over time

All Trustees of Ironworkers Local Union No. 402 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$15M 0.6326736273901253% vs 2022
2024 filing year
$15M$15.5M$16M$16.5M 202220232024 $15.3M $15.4M ▲ +0.6%
Year Plans Participants Total Assets
2022 1 97 $15M
2023 1 99 $16M
2024 1 106 $15M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Ironworkers Local Union No. 402 Pension Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Ironworkers Local Union No. 402 Pension Fund, Total assets ($B): 0.015424306 · Participants: 106Ironworkers Local Union No. 402 Pension FundNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
Ironworkers Local Union No. 402 Pension Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Ironworkers Local Union No. 402 Pension Fund side-by-side with 3 peers →

Ironworkers Local Union No. 402 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Sbera Pension Plan as Adopted by Cape Ann Savings Bank in MA ($15M); by covered participants it is State Volunteer Mutual Insurance Company Retirement Plan in TN (106 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (106 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ironworkers Local Union No. 402 Pension Fund assets move in 2024? ▼
Ironworkers Local Union No. 402 Pension Fund edged down modestly - down 3.9% during 2024, from $16M to $15M. Reported net income was -$598K.
How have Trustees of Ironworkers Local Union No. 402 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Ironworkers Local Union No. 402 Pension Fund's sponsor-wide assets grew 0.6%, from $15M to $15M.
Which Defined Benefit (Pension) plans are similar in size to Ironworkers Local Union No. 402 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sbera Pension Plan as Adopted by Cape Ann Savings Bank in MA ($15M, 73 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local Union No. 402 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is State Volunteer Mutual Insurance Company Retirement Plan in TN (106 participants, $57M in assets).

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 596227518.

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.