Profit Sharing · DOL Form 5500 · 2022
Board of Trustees of Bac Local 1 Supplemental Retirement Fund Profit Sharing Plan
Data updated 2026-08-11
- $12M
- Total assets
- 378
- Participants
- 68th
- Percentile by assets
- $31,498
- Avg per participant
Official DOL plan name: Bac #1 Supplemental Retirement Fund · Sponsored by Board of Trustees of Bac Local 1 Supplemental Retirement Fund · Minnesota · Construction
$12M in assets, 378 participants
Board of Trustees of Bac Local 1 Supplemental Retirement Fund's Bac #1 Supplemental Retirement Fund reported $12M in total assets and 378 participants in its 2022 DOL Form 5500 filing, ranking in the 68th 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.
- 68th percentile by assets (of 139,126 plans)
- #6,765 in Construction (9,927 peers)
Coverage in Minnesota
Bac #1 Supplemental Retirement Fund covers 378 participants in Minnesota, about 34% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.
- $12M
- total plan assets (2022 EOY)
- 378
- covered participants
- 68th
- percentile by assets (of 139,126 plans)
- $31,498
- avg assets per participant
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Bac #1 Supplemental Retirement Fund reports 378 participants - about 34% of that state average ($12M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $12M |
| Net Income | -$3M |
| Employer EIN | 411868381 |
| Plan Effective Date | 1997-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Bac Local 1 Supplemental Retirement Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 378 | $12M |
| 2023 | 1 | 348 | $14M |
| 2024 | 1 | 358 | $15M |
Nearby Profit Sharing Plans in Minnesota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Bac #1 Supplemental Retirement Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
- Essentia Health Retirement Plan $1.6B · 14,444
- Pipe Trades Services Mn Pension Supplement Fund $1.4B · 6,268
- Allina 403(b) Retirement Savings Plan $847M · 10,170
- Fairview Health Services Pension Plan $542M · 5,177
- Cargill Employee Retirement Account Plan $397M · 18,794
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Bac #1 Supplemental Retirement Fund by total assets, not by location.
Frequently Asked Questions
How did Bac #1 Supplemental Retirement Fund assets move in 2022? ▼
How have Board of Trustees of Bac Local 1 Supplemental Retirement Fund plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to Bac #1 Supplemental Retirement Fund? ▼
Next read for Bac #1 Supplemental Retirement Fund
Filing takeaways
Ways to act on Bac #1 Supplemental Retirement Fund's numbers.
- By total assets, Bac #1 Supplemental Retirement Fund ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Minnesota. Compare plans
- Board of Trustees of Bac Local 1 Supplemental Retirement Fund's sponsor-wide assets have grown 27.8% since 2022 across 3 plan years on file. More Construction plans