Profit Sharing · DOL Form 5500 · 2022
Board of Trustees IBEW Local 1049 Profit Sharing Plan
Data updated 2026-08-11
- $261M
- Total assets
- 3,163
- Participants
- 96th
- Percentile by assets
- $82,395
- Avg per participant
Official DOL plan name: IBEW Local 1049 Craft Annuity Fund · Sponsored by Board of Trustees IBEW Local 1049 · New York · Finance & Insurance
$261M in assets, 3,163 participants
Board of Trustees IBEW Local 1049's IBEW Local 1049 Craft Annuity Fund reported $261M in total assets and 3,163 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 139,126 plans)
- #8,693 in Finance & Insurance (9,261 peers)
Coverage in New York
IBEW Local 1049 Craft Annuity Fund covers 3,163 participants in New York, 4.0x the typical New York plan (state average ~798 per filing). Assets: $261M.
- $261M
- total plan assets (2022 EOY)
- 3,163
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $82,395
- avg assets per participant
The plan reported a net loss of $28M 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. IBEW Local 1049 Craft Annuity Fund reports 3,163 participants - 4.0x that state average ($261M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $288M |
|---|---|
| Net Assets (End of Year) | $260M |
| Net Income | -$28M |
| Employer EIN | 113051862 |
| Plan Effective Date | 1991-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees IBEW Local 1049)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,163 | $261M |
| 2023 | 1 | 3,061 | $308M |
| 2024 | 1 | 3,215 | $349M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
IBEW Local 1049 Craft 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 IBEW Local 1049 Craft Annuity Fund by total assets, not by location.
- Dillon Companies, LLC Employees' Profit Sharing Plan (KS) $260M · 2,235
- Twin City Ironworkers Defined Contribution Fund (MN) $260M · 2,463
- St. Luke's Health Network Defined Contribution Plan (PA) $262M · 16,811
- Pacific Coast Building Products, Inc. Profit Sharing/Ret Plan & Trust Agreement (CA) $263M · 2,211
Frequently Asked Questions
How did IBEW Local 1049 Craft Annuity Fund assets move in 2022? ▼
How have Board of Trustees IBEW Local 1049 plan assets changed over time? ▼
Where does IBEW Local 1049 Craft Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local 1049 Craft Annuity Fund? ▼
Next read for IBEW Local 1049 Craft Annuity Fund
Filing takeaways
Ways to act on IBEW Local 1049 Craft Annuity Fund's numbers.
- By total assets, IBEW Local 1049 Craft 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
- Board of Trustees IBEW Local 1049's sponsor-wide assets have grown 34.0% since 2022 across 3 plan years on file. More Finance & Insurance plans