Defined Benefit (Pension)
2024 plan-year Defined Benefit (Pension) DOL Form 5500

Laborers Pension Trust Fund - Detroit and Vicinity

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Board of Trustees,Laborers Pension Trust Fund-Detroit and Vicinity · Michigan · Construction

What the 2023 filing shows

Laborers Pension Trust Fund - Detroit and Vicinity holds $886M for 3,016 participants — about $293,796 per participant, up 7.0% over the 2024 plan year.

$886M
total plan assets (2024 EOY)
3,016
covered participants
$293,796
avg assets per participant
+7.0%
assets growth YoY
Total Assets (2023)
$886M
Participants
3,016
State
Industry
Construction

What the Filing Says About Laborers Pension Trust Fund - Detroit and Vicinity

Laborers Pension Trust Fund - Detroit and Vicinity is a Defined Benefit (Pension) retirement plan sponsored by Board of Trustees,Laborers Pension Trust Fund-Detroit and Vicinity, headquartered in Michigan. As of the 2024 Form 5500 filing, the plan reports $886M in total end-of-year assets and covers 3,016 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 516030973, and the plan has been effective since 1958-07-09. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $828M at the beginning of 2024 to $886M at year-end — a gain of 7.0%. Net assets (after liabilities) closed the year at $884M, with reported net income of $58M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$828M
Total Assets (End of Year)$886M
Net Assets (End of Year)$884M
Net Income$58M
Plan TypeDefined Benefit (Pension)
Employer EIN516030973
Plan Effective Date1958-07-09
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees,Laborers Pension Trust Fund-Detroit and Vicinity)

Year Plans Participants Total Assets
2022 1 4,205 $771M
2023 1 3,153 $828M
2024 1 3,016 $886M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Frequently Asked Questions

How much money is in the Laborers Pension Trust Fund - Detroit and Vicinity?
As of the 2024 Form 5500 filing, Laborers Pension Trust Fund - Detroit and Vicinity holds $886M in total assets with 3,016 participants. It is sponsored by Board of Trustees,Laborers Pension Trust Fund-Detroit and Vicinity.
What type of plan is Laborers Pension Trust Fund - Detroit and Vicinity?
Laborers Pension Trust Fund - Detroit and Vicinity is a Defined Benefit (Pension) plan. It has been effective since 1958-07-09. The plan is filed with the U.S. Department of Labor under EIN 516030973.
Who sponsors the Laborers Pension Trust Fund - Detroit and Vicinity?
Laborers Pension Trust Fund - Detroit and Vicinity is sponsored by Board of Trustees,Laborers Pension Trust Fund-Detroit and Vicinity, located in Michigan. The sponsor's EIN is 516030973 and the plan operates in the Construction industry.
How did Laborers Pension Trust Fund - Detroit and Vicinity perform in 2024?
Laborers Pension Trust Fund - Detroit and Vicinity grew by 7.0% during 2024, moving from $828M to $886M in total assets. Net income was $58M.
Where can I find official filings for Laborers Pension Trust Fund - Detroit and Vicinity?
Official Form 5500 filings for Laborers Pension Trust Fund - Detroit and Vicinity are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 516030973 or plan name at efast.dol.gov.
How does Laborers Pension Trust Fund - Detroit and Vicinity compare to other plans?
You can compare Laborers Pension Trust Fund - Detroit and Vicinity against other Defined Benefit (Pension) plans on the plan type page, or view plans in Michigan on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 516030973.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.