Money Purchase · DOL Form 5500 · 2022

IBEW Local 241 Money Purchase Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
192
Participants Below avg headcount
83rd
Percentile by assets National rank
$157,879
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local #241 Annuity Plan · Sponsored by IBEW Local 241 · New York · Construction

$30M in assets, 192 participants

IBEW Local 241's IBEW Local #241 Annuity Plan reported $30M in total assets and 192 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • #8,136 in Construction (9,927 peers)

Coverage in New York

IBEW Local #241 Annuity Plan covers 192 participants in New York, about 24% of the average New York filer (state average ~798 per filing). Assets: $30M.

#8,136
in Construction (9,927 peers)
+0.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

IBEW Local #241 Annuity Plan's outsized position by total assets

IBEW Local #241 Annuity Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$30,312,770 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

IBEW Local #241 Annuity Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local #241 Annuity Plan sits mid-pack in the medium band (192 participants).

Form 5500 schedule snapshot

Filing strip 166118689 · IBEW Local 241 PY 2022 · Money Purchase

IBEW Local #241 Annuity Plan · $30M · 192 · 83rd

  • EOY $30M
  • 5500 192
  • ASSETS 83rd
  • PCT Money Purchase
  • EIN near Ironworkers Local 380 Retirement and Severance Plan
  • RANK ind #8136

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in New York →

IBEW Local #241 Annuity Plan in the asset neighbourhood

Macomb-Oakland Regional Center Money Purchase PlanMacomb-Oakland Regional Cent…$31MGtcr Retirement Plan$31MMontana Contractors Assoc, Inc. Money Purchase Retirement Plan & TrustMontana Contractors Assoc, I…$31MIronworkers Local 380 Retirement and Severance PlanIronworkers Local 380 Retire…$31MIBEW Local #241 Annuity Plan$30M
End-of-year total assets ($M) among IBEW Local #241 Annuity Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$30M
Net Income$145K
Employer EIN166118689
Plan Effective Date1983-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 241)

Sponsor-wide plan assets over time

All IBEW Local 241 plans reported in each filing year

Latest sponsor-wide plan assets
$63M 18.271093043013487% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.6M $63.4M ▲ +18.3%
Year Plans Participants Total Assets
2022 2 305 $54M
2023 2 314 $59M
2024 2 298 $63M

Nearby Money Purchase Plans in New York

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

IBEW Local #241 Annuity Plan vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -1012345 Total assets ($B) Participants IBEW Local #241 Annuity Plan, Total assets ($B): 0.03031277 · Participants: 192IBEW Local #241 Annuity PlanTiaa Retirement Plan, Total assets ($B): 4.543178238 · Participants: 11825Tiaa Retirement PlanYoung Men's Christian Association Retirement Fund Retirement Plan, Total assets ($B): 3.62423 · Participants: 42922Young Men's Christian Association Retirement Fund Retirement PlanMcKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan, Total assets ($B): 1.717200853 · Participants: 11845McKinsey & Company, Inc. (Mppp) Money Purchase Pension PlanBrookhaven Science Associates, LLC Retirement Plan, Total assets ($B): 1.251409519 · Participants: 2436Brookhaven Science Associates, LLC Retirement PlanIron Workers Locals 40,361, & 417 Annuity Fund, Total assets ($B): 1.072542175 · Participants: 5068Iron Workers Locals 40,361, & 417 Annuity Fund
IBEW Local #241 Annuity Plan vs. nearby Money Purchase plans in New York, assets vs. participants
Compare IBEW Local #241 Annuity Plan side-by-side with 3 peers →

IBEW Local #241 Annuity Plan's out-of-state Money Purchase peers by assets and headcount

Outside New York, the nearest Money Purchase by assets is Ironworkers Local 380 Retirement and Severance Plan in IL ($31M); by covered participants it is Kittson Memorial Hospital Association Dba Kittson Healthcare Employees Pension Plan in MN (192 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (192 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local #241 Annuity Plan assets move in 2022? ▼
IBEW Local #241 Annuity Plan held essentially flat - up 0.5% during 2022, from $30M to $30M. Reported net income was $145K.
How have IBEW Local 241 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 241's sponsor-wide assets grew 18.3%, from $54M to $63M.
Where does IBEW Local #241 Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local #241 Annuity Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Money Purchase plans are similar in size to IBEW Local #241 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Ironworkers Local 380 Retirement and Severance Plan in IL ($31M, 907 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local #241 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Kittson Memorial Hospital Association Dba Kittson Healthcare Employees Pension Plan in MN (192 participants, $3M in assets).

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 166118689.

Read our methodology - how this data is sourced, computed, and verified.

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