Profit Sharing · DOL Form 5500 · 2022
Tmt Bac Local Union #7 Profit Sharing Plan
Data updated 2026-08-11
- $186M
- Total assets
- 1,465
- Participants
- 95th
- Percentile by assets
- $126,640
- Avg per participant
Official DOL plan name: The Local 7 Tile Industry Annuity Fund · Sponsored by Tmt Bac Local Union #7 · New York · Construction
$186M in assets, 1,465 participants
Tmt Bac Local Union #7's The Local 7 Tile Industry Annuity Fund reported $186M in total assets and 1,465 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 139,126 plans)
- #9,391 in Construction (9,927 peers)
Where The Local 7 Tile Industry Annuity Fund sits by assets
The Local 7 Tile Industry Annuity Fund sits in the top 5% of all filed plans by assets, $186M for 1,465 participants (~$126,640/participant), down 10.8% in 2022.
- $186M
- total plan assets (2022 EOY)
- 1,465
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $126,640
- avg assets per participant
The plan reported a net loss of $22M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Local 7 Tile Industry Annuity Fund vs the 2022 asset distribution
By assets, The Local 7 Tile Industry Annuity Fund outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $208M |
|---|---|
| Net Assets (End of Year) | $185M |
| Net Income | -$22M |
| Employer EIN | 386829765 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tmt Bac Local Union #7)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,465 | $186M |
| 2023 | 1 | 1,462 | $196M |
| 2024 | 1 | 1,234 | $214M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
The Local 7 Tile Industry 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 The Local 7 Tile Industry Annuity Fund by total assets, not by location.
- Enloe Medical Center Defined Contribution Retirement Plan (CA) $186M · 3,049
- Bridgeport Hospital Employer Contribution Retirement Plan (CT) $187M · 4,221
- NECA-IBEW Memphis Retirement Plan (MI) $184M · 2,189
- Airconditioning and Refrigeration Industry Defined Contribution Retirement Plan (CA) $183M · 2,834
Frequently Asked Questions
How did The Local 7 Tile Industry Annuity Fund assets move in 2022? ▼
How have Tmt Bac Local Union #7 plan assets changed over time? ▼
Where does The Local 7 Tile Industry Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to The Local 7 Tile Industry Annuity Fund? ▼
Next read for The Local 7 Tile Industry Annuity Fund
Scale reading
Ways to act on The Local 7 Tile Industry Annuity Fund's numbers.
- By total assets, The Local 7 Tile Industry Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Tmt Bac Local Union #7's sponsor-wide assets have grown 15.2% since 2022 across 3 plan years on file. More Construction plans