Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees, Michigan Carpenters' Pension Fund Pension Plan

Data updated 2026-08-11

$774M
Total assets: 3,894
Participants: 98th
Percentile by assets: $198,671
Avg per participant

Official DOL plan name: Michigan Carpenters' Pension Fund · Sponsored by Board of Trustees, Michigan Carpenters' Pension Fund · Michigan · Construction

$774M in assets, 3,894 participants

Board of Trustees, Michigan Carpenters' Pension Fund's Michigan Carpenters' Pension Fund reported $774M in total assets and 3,894 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 123,622 plans)
#8,865 in Construction (9,039 peers)

Coverage in Michigan

Michigan Carpenters' Pension Fund covers 3,894 participants in Michigan, 6.1x the typical Michigan plan (state average ~638 per filing). Assets: $774M.

$774M
total plan assets (2024 EOY): 3,894
covered participants: 98th
percentile by assets (of 123,622 plans): $198,671
avg assets per participant

Michigan Carpenters' Pension Fund reported net income fell from $65M in the plan year 2023 filing to $48M in the plan year 2024 filing.
Michigan Carpenters' Pension Fund reported participants rose from 3,408 in the plan year 2023 filing to 3,894 in the plan year 2024 filing.
Michigan Carpenters' Pension Fund end-of-year assets rose from $725M in the plan year 2023 filing to $774M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Michigan Carpenters' Pension Fund reports 3,894 participants - 6.1x that state average ($774M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$725M
Net Assets (End of Year)	$771M
Net Income	$48M
Employer EIN	386233978
Plan Effective Date	1963-08-06
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, Michigan Carpenters' Pension Fund)

Total plan assets by year, all Board of Trustees, Michigan Carpenters' Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	3,379	$659M
2023	1	3,408	$725M
2024	1	3,894	$774M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Michigan Carpenters' Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
Ford Motor Company UAW Retirement Plan $17.8B · 25,742
Ford Motor Company General Retirement Plan $12.1B · 8,585
Dow Employees' Pension Plan $10.9B · 6,888
Fca US LLC UAW Pension Agreement $10.3B · 12,752

Compare Michigan Carpenters' Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Michigan Carpenters' Pension Fund by total assets, not by location.

Andersen Corporation Employees' Pension and Retirement Plan (MN) $773M · 1,594
SEIU Local 1 & Participating Employers Pension Trust (IL) $774M · 8,986
Cement Masons Pension Trust Fund for Northern California (CA) $775M · 2,904
Talen Energy Retirement Plan (TX) $771M · 735

Frequently Asked Questions

How did Michigan Carpenters' Pension Fund assets move in 2024? ▼

Michigan Carpenters' Pension Fund grew at a solid clip - up 6.8% during 2024, from $725M to $774M. Reported net income was $48M.

How have Board of Trustees, Michigan Carpenters' Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees, Michigan Carpenters' Pension Fund's sponsor-wide assets grew 17.4%, from $659M to $774M.

Where does Michigan Carpenters' Pension Fund rank by assets among Form 5500 filers? ▼

Michigan Carpenters' Pension Fund ranks in the 98th 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 Michigan Carpenters' Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Andersen Corporation Employees' Pension and Retirement Plan in MN ($773M, 1,594 participants).

Next read for Michigan Carpenters' Pension Fund

Filing takeaways

Ways to act on Michigan Carpenters' Pension Fund's numbers.

By total assets, Michigan Carpenters' Pension 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 Michigan. Compare plans
Board of Trustees, Michigan Carpenters' Pension Fund's sponsor-wide assets have grown 17.4% 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 386233978.