Profit Sharing · DOL Form 5500 · 2022
Board of Trustees of IBEW Local 840 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $15M
- Total assets
- 290
- Participants
- 72nd
- Percentile by assets
- $50,970
- Avg per participant
Official DOL plan name: Local 840 IBEW Annuity Fund · Sponsored by Board of Trustees of IBEW Local 840 Annuity Fund · New York · Construction
$15M in assets, 290 participants
Board of Trustees of IBEW Local 840 Annuity Fund's Local 840 IBEW Annuity Fund reported $15M in total assets and 290 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.
- 72nd percentile by assets (of 139,126 plans)
- #7,152 in Construction (9,927 peers)
Coverage in New York
Local 840 IBEW Annuity Fund covers 290 participants in New York, about 36% of the average New York filer (state average ~798 per filing). Assets: $15M.
- $15M
- total plan assets (2022 EOY)
- 290
- covered participants
- 72nd
- percentile by assets (of 139,126 plans)
- $50,970
- avg assets per participant
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Local 840 IBEW Annuity Fund reports 290 participants - about 36% of that state average ($15M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $17M |
|---|---|
| Net Assets (End of Year) | $15M |
| Net Income | -$2M |
| Employer EIN | 226477218 |
| Plan Effective Date | 1989-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of IBEW Local 840 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 290 | $15M |
| 2023 | 1 | 315 | $16M |
| 2024 | 1 | 390 | $16M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Local 840 IBEW Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Plan of the Electrical Industry $2.0B · 19,997
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.6B · 3,494
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.5B · 5,696
- The Research Foundation for Suny Retirement Plan $1.1B · 11,139
- Mason Tenders District Council Annuity Fund $837M · 11,072
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Local 840 IBEW Annuity Fund by total assets, not by location.
- Coastal Children's Clinic, P.a. Profit Sharing Plan (TX) $15M · 87
- Phoenix Center Employee Retirement Plan (NJ) $15M · 170
- Ts Banking Group Savings Plan (IA) $15M · 227
- Clem Lumber Profit Sharing Trust (OH) $15M · 58
Frequently Asked Questions
How did Local 840 IBEW Annuity Fund assets move in 2022? ▼
How have Board of Trustees of IBEW Local 840 Annuity Fund plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to Local 840 IBEW Annuity Fund? ▼
Next read for Local 840 IBEW Annuity Fund
Filing takeaways
Ways to act on Local 840 IBEW Annuity Fund's numbers.
- By total assets, Local 840 IBEW Annuity Fund ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Board of Trustees of IBEW Local 840 Annuity Fund's sponsor-wide assets have grown 9.0% since 2022 across 3 plan years on file. More Construction plans