Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees, Iron Workers Local No. 5 & Iwea Pension Plan

Data updated 2026-08-11

$425M
Total assets: 768
Participants: 97th
Percentile by assets: $553,641
Avg per participant

Official DOL plan name: Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund · Sponsored by Board of Trustees, Iron Workers Local No. 5 & Iwea · Washington · Construction

$425M in assets, 768 participants

Board of Trustees, Iron Workers Local No. 5 & Iwea's Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund reported $425M in total assets and 768 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 123,622 plans)
#8,710 in Construction (9,039 peers)

Where Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund sits by assets

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund sits in the top 5% of all filed plans by assets, $425M for 768 participants (~$553,641/participant), up 6.4% in 2024.

$425M
total plan assets (2024 EOY): 768
covered participants: 97th
percentile by assets (of 123,622 plans): $553,641
avg assets per participant

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund end-of-year assets rose from $400M in the plan year 2023 filing to $425M in the plan year 2024 filing.
Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund reported net income fell from $26M in the plan year 2023 filing to $25M in the plan year 2024 filing.
Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund reported participants fell from 799 in the plan year 2023 filing to 768 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Washington

Industry

Construction

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund vs the 2024 asset distribution

By assets, Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$400M
Net Assets (End of Year)	$417M
Net Income	$25M
Employer EIN	521075473
Plan Effective Date	1959-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, Iron Workers Local No. 5 & Iwea)

Total plan assets by year, all Board of Trustees, Iron Workers Local No. 5 & Iwea plans on file

Year	Plans	Participants	Total Assets
2022	1	908	$373M
2023	1	799	$400M
2024	1	768	$425M

Nearby Defined Benefit (Pension) Plans in Washington

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

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants

Western Conference of Teamsters Pension Plan $56.4B · 231,156
The Pension Value Plan for Employees of the Boeing Company $23.3B · 29,538
The Boeing Company Employee Retirement Plan $15.4B · 31,398
Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan $3.3B · 8,695
Paccar Inc Retirement Plan $2.7B · 10,345

Compare Iron Workers Local No. 5 & Iwea Employee… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund by total assets, not by location.

Dte Gas Company Retirement Plan for Employees Covered by Collective Bargaining Agreements (MI) $425M · 835
Integris Health, Inc. Retirement Plan a (OK) $424M · 1,061
Hawaii Laborers' Pension Trust Fund (HI) $426M · 2,381
American Bureau of Shipping Pension Plan (TX) $426M · 741

Frequently Asked Questions

How did Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund assets move in 2024? ▼

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund grew at a solid clip - up 6.4% during 2024, from $400M to $425M. Reported net income was $25M.

How have Board of Trustees, Iron Workers Local No. 5 & Iwea plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees, Iron Workers Local No. 5 & Iwea's sponsor-wide assets grew 14.0%, from $373M to $425M.

Where does Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund rank by assets among Form 5500 filers? ▼

Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Dte Gas Company Retirement Plan for Employees Covered by Collective Bargaining Agreements in MI ($425M, 835 participants).

Next read for Iron Workers Local No. 5 & Iwea Employee…

Scale reading

Ways to act on Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund's numbers.

By total assets, Iron Workers Local No. 5 & Iwea Employees 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 Washington. Compare plans
Board of Trustees, Iron Workers Local No. 5 & Iwea's sponsor-wide assets have grown 14.0% 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 521075473.