Defined Benefit (Pension) · DOL Form 5500 · 2024
Trustees of Local 1 Pension Fund Pension Plan
Data updated 2026-08-11
- $346M
- Total assets
- 3,911
- Participants
- 96th
- Percentile by assets
- $88,524
- Avg per participant
Official DOL plan name: Local No. 1 Pension Trust Fund · Sponsored by Trustees of Local 1 Pension Fund · Illinois · Administrative & Support Services
$346M in assets, 3,911 participants
Trustees of Local 1 Pension Fund's Local No. 1 Pension Trust Fund reported $346M in total assets and 3,911 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #4,285 in Administrative & Support Services (4,368 peers)
Coverage in Illinois
Local No. 1 Pension Trust Fund covers 3,911 participants in Illinois, 5.0x the typical Illinois plan (state average ~779 per filing). Assets: $346M.
- $346M
- total plan assets (2024 EOY)
- 3,911
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $88,524
- avg assets per participant
Where Local No. 1 Pension Trust Fund sits by total assets
Local No. 1 Pension Trust Fund vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$346,217,195 Top 4% higher than 96% 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
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Local No. 1 Pension Trust Fund end-of-year assets rose from $318M in the plan year 2023 filing to $346M in the plan year 2024 filing.
- Local No. 1 Pension Trust Fund reported net income fell from $30M in the plan year 2023 filing to $29M in the plan year 2024 filing.
- Local No. 1 Pension Trust Fund reported participants rose from 3,813 in the plan year 2023 filing to 3,911 in the plan year 2024 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Local No. 1 Pension Trust Fund reports 3,911 participants - 5.0x that state average ($346M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $318M |
|---|---|
| Net Assets (End of Year) | $346M |
| Net Income | $29M |
| Employer EIN | 516055057 |
| Plan Effective Date | 1967-01-04 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Local 1 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,739 | $287M |
| 2023 | 1 | 3,813 | $318M |
| 2024 | 1 | 3,911 | $346M |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Local No. 1 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Local No. 1 Pension Trust Fund by total assets, not by location.
- Northwestern Energy Mt Pension Plan (MT) $346M · 349
- Formosa Plastics Corporation, U.S.a. Pension Plan (NJ) $346M · 3,446
- Weil, Gotshal & Manges Partners' Defined Benefit Plan (NY) $347M · 107
- Gibson, Dunn & Crutcher LLP Partners Cash Balance Plan (CA) $344M · 328
Frequently Asked Questions
How did Local No. 1 Pension Trust Fund assets move in 2024? ▼
How have Trustees of Local 1 Pension Fund plan assets changed over time? ▼
Where does Local No. 1 Pension Trust Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Local No. 1 Pension Trust Fund? ▼
Next read for Local No. 1 Pension Trust Fund
Filing takeaways
Ways to act on Local No. 1 Pension Trust Fund's numbers.
- By total assets, Local No. 1 Pension Trust Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Trustees of Local 1 Pension Fund's sponsor-wide assets have grown 20.4% since 2022 across 3 plan years on file. More Administrative & Support Services plans