Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Twin City Floor Covering Industry Pension Fund

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Board of Trustees of the Twin City Floor Covering Industry Pension Fun · Minnesota · Construction

What the 2023 filing shows

Twin City Floor Covering Industry Pension Fund holds $145M for 421 participants — about $344,181 per participant, up 4.6% over the 2022 plan year.

$145M
total plan assets (2022 EOY)
421
covered participants
$344,181
avg assets per participant
+4.6%
assets growth YoY
Total Assets (2023)
$145M
Participants
421
State
Industry
Construction

What the Filing Says About Twin City Floor Covering Industry Pension Fund

Twin City Floor Covering Industry Pension Fund is a Defined Benefit (Pension) retirement plan sponsored by Board of Trustees of the Twin City Floor Covering Industry Pension Fun, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $145M in total end-of-year assets and covers 421 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 416145862, and the plan has been effective since 1973-04-25. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $139M at the beginning of 2022 to $145M at year-end — a gain of 4.6%. Net assets (after liabilities) closed the year at $145M, with reported net income of $6M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$139M
Total Assets (End of Year)$145M
Net Assets (End of Year)$145M
Net Income$6M
Plan TypeDefined Benefit (Pension)
Employer EIN416145862
Plan Effective Date1973-04-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the Twin City Floor Covering Industry Pension Fun)

Year Plans Participants Total Assets
2022 1 421 $145M
2023 1 407 $156M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Twin City Floor Covering Industry Pension Fund?
As of the 2022 Form 5500 filing, Twin City Floor Covering Industry Pension Fund holds $145M in total assets with 421 participants. It is sponsored by Board of Trustees of the Twin City Floor Covering Industry Pension Fun.
What type of plan is Twin City Floor Covering Industry Pension Fund?
Twin City Floor Covering Industry Pension Fund is a Defined Benefit (Pension) plan. It has been effective since 1973-04-25. The plan is filed with the U.S. Department of Labor under EIN 416145862.
Who sponsors the Twin City Floor Covering Industry Pension Fund?
Twin City Floor Covering Industry Pension Fund is sponsored by Board of Trustees of the Twin City Floor Covering Industry Pension Fun, located in Minnesota. The sponsor's EIN is 416145862 and the plan operates in the Construction industry.
How did Twin City Floor Covering Industry Pension Fund perform in 2022?
Twin City Floor Covering Industry Pension Fund grew by 4.6% during 2022, moving from $139M to $145M in total assets. Net income was $6M.
Where can I find official filings for Twin City Floor Covering Industry Pension Fund?
Official Form 5500 filings for Twin City Floor Covering Industry Pension Fund are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 416145862 or plan name at efast.dol.gov.
How does Twin City Floor Covering Industry Pension Fund compare to other plans?
You can compare Twin City Floor Covering Industry Pension Fund against other Defined Benefit (Pension) plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 416145862.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.