Defined Benefit (Pension) · DOL Form 5500 · 2024
Iron Range Plumbers & Fitters Local 589 Pension Plan
Data updated 2026-08-25
- $37M
- Total assets Below avg plan size
- 156
- Participants Small participant base
- 80th
- Percentile by assets National rank
- $239,560
- Avg per participant Above avg balance/head
Official DOL plan name: Iron Range Plumbers & Fitters Retirement Income Plan · Sponsored by Iron Range Plumbers & Fitters Local 589 · Minnesota · Construction
$37M in assets, 156 participants
Iron Range Plumbers & Fitters Local 589's Iron Range Plumbers & Fitters Retirement Income Plan reported $37M in total assets and 156 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.
- #7,134 in Construction (9,039 peers)
Coverage in Minnesota
Iron Range Plumbers & Fitters Retirement Income Plan covers 156 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $37M.
- #7,134
- in Construction (9,039 peers)
- +9.5%
- assets growth YoY
- 0.4×
- vs typical plan assets (national mean)
Iron Range Plumbers & Fitters Retirement Income Plan's outsized position by total assets
Iron Range Plumbers & Fitters Retirement Income Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$37,371,414 Top 20% higher than 80% 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
Iron Range Plumbers & Fitters Retirement Income Plan 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. Iron Range Plumbers & Fitters Retirement Income Plan sits mid-pack in the medium band (156 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Iron Range Plumbers & Fitters Retirement Income Plan reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Iron Range Plumbers & Fitters Retirement Income Plan end-of-year assets rose from $34M in the plan year 2023 filing to $37M in the plan year 2024 filing.
- Iron Range Plumbers & Fitters Retirement Income Plan reported participants rose from 151 in the plan year 2023 filing to 156 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 416057633 · Iron Range Plumbers & Fitters Local 589 PY 2024 · Defined Benefit (Pension)
Iron Range Plumbers & Fitters Retirement Income Plan · $37M · 156 · 80th
- PCT $37M
- EIN 156
- RANK 80th
- PHOTO Defined Benefit (Pension)
- IND near The Oswego Hospital Retirement Plan
- EOY ind #7134
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 Minnesota →
Iron Range Plumbers & Fitters Retirement Income Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $34M |
|---|---|
| Net Assets (End of Year) | $37M |
| Net Income | $3M |
| Employer EIN | 416057633 |
| Plan Effective Date | 1965-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Iron Range Plumbers & Fitters Local 589)
Sponsor-wide plan assets over time
All Iron Range Plumbers & Fitters Local 589 plans reported in each filing year
- Latest sponsor-wide plan assets
- $37M 17.12260853426398% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 143 | $32M |
| 2023 | 1 | 151 | $34M |
| 2024 | 1 | 156 | $37M |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
Iron Range Plumbers & Fitters Retirement Income Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is The Oswego Hospital Retirement Plan in NY ($37M); by covered participants it is Atlanta Postal Credit Union Cash Balance Defined Benefit Plan and Trust in GA (156 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($37M here).
- The Oswego Hospital Retirement Plan (NY) $37M · 142
- Huron Valley Steel Corporation Employees' Retirement Plan (MI) $37M · 72
- Pitcairn Retirement Plan (PA) $37M · 16
- Dykema Gossett PLLC Cash Balance Plan (MI) $37M · 115
Similar participant headcount
Nearest other-state filings by covered participants (156 participants); asset peers above are excluded.
- Atlanta Postal Credit Union Cash Balance Defined Benefit Plan and Trust (GA) 156 · 0 off
- Retirement Plan for Employees of the O'connell Companies, Inc. (MA) 156 · 0 off
- Defined Benefit Pension Plan for Employees of United Way of Central Alabama, Inc. (AL) 156 · 0 off
- Msg Entertainment Holdings, LLC Cash Balance Pension Plan (NY) 156 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.