Profit Sharing · DOL Form 5500 · 2022

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl Profit Sharing Plan

Data updated 2026-08-11

$15M
Total assets
94
Participants
73rd
Percentile by assets
$159,890
Avg per participant
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Official DOL plan name: Local 49 Heat and Frost Insulators Retirement Plan · Sponsored by Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl · Minnesota · Construction

$15M in assets, 94 participants

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl's Local 49 Heat and Frost Insulators Retirement Plan reported $15M in total assets and 94 participants in its 2022 DOL Form 5500 filing, ranking in the 73rd 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.

  • 73rd percentile by assets (of 139,126 plans)
  • #7,186 in Construction (9,927 peers)

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl multi-year trail

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl's plans moved +16.0% in assets from 2022 to 2024; this filing shows Local 49 Heat and Frost Insulators Retirement Plan at $15M / 94 participants.

$15M
total plan assets (2022 EOY)
94
covered participants
73rd
percentile by assets (of 139,126 plans)
$159,890
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.

State
Industry

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl across 3 plan years on file

Across the 3 plan years Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl has on file (2022-2024), sponsor-wide plan assets have moved from $15M to $17M, a gain of 16.0%, while reported participants moved from 94 to 125 (+33.0%). Peak year by sponsor assets: 2024 ($17M); trough: 2022 ($15M).

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl multi-year asset trail

$14M$15M$16M$17M$18M 202220232024 $15M $17.4M ▲ +16.0%
Total plan assets by year, all Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl plans on file
Year Plans Participants Total Assets
2022 1 94 $15M
2023 1 128 $16M
2024 1 125 $17M

Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl filing trail (2022)

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$15M
Net Income-$2M
Employer EIN823088747
Plan Effective Date2017-08-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Local 49 Heat and Frost Insulators Retirement Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

Local 49 Heat and Frost Insulators Retirement Plan 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 Local 49 Heat and Fr…Essentia Health Reti…Pipe Trades Services…Allina 403(b) Retire…Fairview Health Serv…Cargill Employee Ret…
Local 49 Heat and Frost Insulators Retirement Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Local 49 Heat and Frost Insulators Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Local 49 Heat and Frost Insulators Retirement Plan assets move in 2022?
Local 49 Heat and Frost Insulators Retirement Plan pulled back noticeably - down 13.4% during 2022, from $17M to $15M. Reported net income was -$2M.
How have Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trustees of Local 49 Heat and Frost Insulators Retirement Pl's sponsor-wide assets grew 16.0%, from $15M to $17M.
Which Profit Sharing plans are similar in size to Local 49 Heat and Frost Insulators Retirement Plan?
Among Profit Sharing plans in other states, the closest by assets is L.J. Associates, Inc. 401(k) Profit Sharing Plan in PA ($15M, 82 participants).

Next read for Local 49 Heat and Frost Insulators Retir…

Multi-year trail

Ways to act on Local 49 Heat and Frost Insulators Retirement Plan's numbers.

  • By total assets, Local 49 Heat and Frost Insulators Retirement Plan 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 Local 49 Heat and Frost Insulators Retirement Pl's sponsor-wide assets have grown 16.0% since 2022 across 3 plan years on file. More Construction plans