Profit Sharing · DOL Form 5500 · 2022

Board of Trustees of Bac Local 1 Supplemental Retirement Fund Profit Sharing Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
378
Participants Below avg headcount
68th
Percentile by assets National rank
$31,498
Avg per participant Low balance/head
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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.

  • #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.

#6,765
in Construction (9,927 peers)
-19.0%
assets change YoY

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.

Bac #1 Supplemental Retirement Fund's outsized position by total assets

Bac #1 Supplemental Retirement Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$11,906,394 Top 32% higher than 68% of 139,123 filed plans

This plan $0 $2,050,000,000 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 2022

Bac #1 Supplemental Retirement Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bac #1 Supplemental Retirement Fund sits mid-pack in the medium band (378 participants).

DOL schedule card

Filing strip 411868381 · Board of Trustees of Bac Local 1 Supplemental Retirement Fund PY 2022 · Profit Sharing

Bac #1 Supplemental Retirement Fund · $12M · 378 · 68th

  • SCH $12M
  • SCH 378
  • SCH 68th
  • SCH Profit Sharing
  • SCH near Plumbing, Piping & Construction, Inc. Profit Sharing Plan
  • SCH ind #6765

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Minnesota →

Bac #1 Supplemental Retirement Fund in the asset neighbourhood

Calportland Construction Hourly Employees Profit Sharing PlanCalportland Construction Hou…$12MAction Resources, Inc. 401(k) PlanAction Resources, Inc. 401(k…$12MBac #1 Supplemental Retirement FundBac #1 Supplemental Retireme…$12MPlumbing, Piping & Construction, Inc. Profit Sharing PlanPlumbing, Piping & Construct…$12MRed River Human Services Foundation Profit Sharing PlanRed River Human Services Fou…$12M
End-of-year total assets ($M) among Bac #1 Supplemental Retirement Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$12M
Net Income-$3M
Employer EIN411868381
Plan Effective Date1997-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Bac Local 1 Supplemental Retirement Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Bac Local 1 Supplemental Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$15M 27.786515379887476% vs 2022
2024 filing year
$11M$12M$13M$14M$15M$16M 202220232024 $11.9M $15.2M ▲ +27.7%
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 Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Bac #1 Supplemental Retirement Fund, Total assets ($B): 0.011906394 · Participants: 378Bac #1 Supplemental Retirement FundEssentia Health Retirement Plan, Total assets ($B): 1.61318726 · Participants: 14444Essentia Health Retirement PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.394999238 · Participants: 6268Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.846612268 · Participants: 10170Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.542260343 · Participants: 5177Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.397133832 · Participants: 18794Cargill Employee Retirement Account Plan
Bac #1 Supplemental Retirement Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Bac #1 Supplemental Retirement Fund side-by-side with 3 peers →

Bac #1 Supplemental Retirement Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is Plumbing, Piping & Construction, Inc. Profit Sharing Plan in CA ($12M); by covered participants it is Autocentro Toyota 1165(e) Savings Plan in PR (378 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (378 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bac #1 Supplemental Retirement Fund assets move in 2022? ▼
Bac #1 Supplemental Retirement Fund declined sharply - down 19.0% during 2022, from $15M to $12M. Reported net income was -$3M.
How have Board of Trustees of Bac Local 1 Supplemental Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Bac Local 1 Supplemental Retirement Fund's sponsor-wide assets grew 27.8%, from $12M to $15M.
Which Profit Sharing plans are similar in size to Bac #1 Supplemental Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Plumbing, Piping & Construction, Inc. Profit Sharing Plan in CA ($12M, 25 participants).
Which Profit Sharing plans cover a similar participant headcount to Bac #1 Supplemental Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Autocentro Toyota 1165(e) Savings Plan in PR (378 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411868381.

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.