401(k) · DOL Form 5500 · 2022

Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F 401(k) Plan

Data updated 2026-08-11

$1.4B
Total assets: 3,272
Participants: 99th
Percentile by assets: $426,247
Avg per participant

Official DOL plan name: Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund · Sponsored by Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F · New Jersey · Construction

$1.4B in assets, 3,272 participants

Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F's Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund reported $1.4B in total assets and 3,272 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 139,126 plans)
#9,856 in Construction (9,927 peers)

Coverage in New Jersey

Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund covers 3,272 participants in New Jersey, 3.9x the typical New Jersey plan (state average ~844 per filing). Assets: $1.4B.

$1.4B
total plan assets (2022 EOY): 3,272
covered participants: 99th
percentile by assets (of 139,126 plans): $426,247
avg assets per participant

The plan reported a net loss of $137M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

New Jersey

Industry

Construction

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund reports 3,272 participants - 3.9x that state average ($1.4B EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$1.5B
Net Assets (End of Year)	$1.4B
Net Income	-$137M
Employer EIN	516124191
Plan Effective Date	1966-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F)

Total plan assets by year, all Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F plans on file

Year	Plans	Participants	Total Assets
2022	1	3,272	$1.4B
2023	1	3,298	$1.6B
2024	1	3,099	$1.7B

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund vs. nearby 401(k) plans in New Jersey, assets vs. participants

JPMorgan Chase 401(k) Savings Plan $36.8B · 168,280
Verizon Savings Plan for Management Employees $25.2B · 76,788
Johnson and Johnson Savings Plan $21.2B · 43,271
Pfizer Savings Plan $17.8B · 27,796
Ernst & Young Retirement Savings Plan $12.4B · 52,975

Compare Elevator Constructors Local 1 Annuity & … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund by total assets, not by location.

Teamsters-National 401(k) Savings Plan (PA) $1.4B · 162,104
Arcadis U.S., Inc. Retirement Savings Plan (CO) $1.4B · 5,123
Pacificorp K Plus Employee Savings Plan (OR) $1.4B · 4,905
Aptiv Salaried 401(k) Plan (MI) $1.4B · 2,586

Frequently Asked Questions

How did Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund assets move in 2022? ▼

Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund pulled back noticeably - down 9.0% during 2022, from $1.5B to $1.4B. Reported net income was -$137M.

How have Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F's sponsor-wide assets grew 22.3%, from $1.4B to $1.7B.

Where does Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund rank by assets among Form 5500 filers? ▼

Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund? ▼

Among 401(k) plans in other states, the closest by assets is Teamsters-National 401(k) Savings Plan in PA ($1.4B, 162,104 participants).

Next read for Elevator Constructors Local 1 Annuity & …

Filing takeaways

Ways to act on Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund's numbers.

By total assets, Elevator Constructors Local 1 Annuity & 401(k) Fd Union Local No. 1 Annuity & 401(k) Fund ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) F's sponsor-wide assets have grown 22.3% since 2022 across 3 plan years on file. More Construction plans

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 516124191.