401(k) · DOL Form 5500 · 2024

Plumbers and Pipefitters Local 551 401(k) Plan

Data updated 2026-08-11

$47M
Total assets
142
Participants
84th
Percentile by assets
$333,673
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Plumbers and Pipefitters Local 551 Pension Plan · Sponsored by Plumbers and Pipefitters Local 551 · Illinois · Construction

$47M in assets, 142 participants

Plumbers and Pipefitters Local 551's Plumbers and Pipefitters Local 551 Pension Plan reported $47M in total assets and 142 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • 84th percentile by assets (of 123,622 plans)
  • #7,395 in Construction (9,039 peers)

Coverage in Illinois

Plumbers and Pipefitters Local 551 Pension Plan covers 142 participants in Illinois, about 18% of the average Illinois filer (state average ~779 per filing). Assets: $47M.

$47M
total plan assets (2024 EOY)
142
covered participants
84th
percentile by assets (of 123,622 plans)
$333,673
avg assets per participant

Where Plumbers and Pipefitters Local 551 Pension Plan sits by total assets

Plumbers and Pipefitters Local 551 Pension Plan vs every filed plan by assets

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

$47,381,540 Top 16% higher than 84% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Plumbers and Pipefitters Local 551 Pension Plan end-of-year assets rose from $41M in the plan year 2023 filing to $47M in the plan year 2024 filing.
  • Plumbers and Pipefitters Local 551 Pension Plan reported participants rose from 124 in the plan year 2023 filing to 142 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Illinois
Industry
Construction

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Plumbers and Pipefitters Local 551 Pension Plan reports 142 participants - about 18% of that state average ($47M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$47M
Net Income$6M
Employer EIN371136405
Plan Effective Date1983-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Plumbers and Pipefitters Local 551)

$30M$35M$40M$45M$50M 202220232024 $34.6M $47.4M ▲ +37.0%
Total plan assets by year, all Plumbers and Pipefitters Local 551 plans on file
Year Plans Participants Total Assets
2022 1 121 $35M
2023 1 124 $41M
2024 1 142 $47M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Plumbers and Pipefitters Local 551 Pension Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Plumbers and Pipefit…, Total assets ($B): 0.04738154 · Participants: 142Plumbers and Pipefit…Accenture United Sta…, Total assets ($B): 21.302643276 · Participants: 66965Accenture United Sta…State Farm 401(k) Sa…, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Sa…United Airlines Pilo…, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilo…Abbott Laboratories …, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories …Walgreens Retirement…, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement…
Plumbers and Pipefitters Local 551 Pension Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Plumbers and Pipefitters Local 551 Pensi… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Plumbers and Pipefitters Local 551 Pension Plan by total assets, not by location.

Frequently Asked Questions

How did Plumbers and Pipefitters Local 551 Pension Plan assets move in 2024? ▼
Plumbers and Pipefitters Local 551 Pension Plan grew sharply - up 15.7% during 2024, from $41M to $47M. Reported net income was $6M.
How have Plumbers and Pipefitters Local 551 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Plumbers and Pipefitters Local 551's sponsor-wide assets grew 37.0%, from $35M to $47M.
Where does Plumbers and Pipefitters Local 551 Pension Plan rank by assets among Form 5500 filers? ▼
Plumbers and Pipefitters Local 551 Pension Plan ranks in the 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Plumbers and Pipefitters Local 551 Pension Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gray & Company, Inc. Pension Plan (a Profit Sharing Plan) in LA ($47M, 162 participants).

Next read for Plumbers and Pipefitters Local 551 Pensi…

Filing takeaways

Ways to act on Plumbers and Pipefitters Local 551 Pension Plan's numbers.

  • By total assets, Plumbers and Pipefitters Local 551 Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
  • Plumbers and Pipefitters Local 551's sponsor-wide assets have grown 37.0% 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 371136405.

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.