Money Purchase · DOL Form 5500 · 2022

Board of Trustees Iron Workers Local 580 Shop Annuity Fund Money Purchase Plan

Data updated 2026-08-11

$8M
Total assets
48
Participants
59th
Percentile by assets
$159,038
Avg per participant
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Official DOL plan name: Iron Workers Local 580 Shop Annuity Fund · Sponsored by Board of Trustees Iron Workers Local 580 Shop Annuity Fund · New York · Construction

$8M in assets, 48 participants

Board of Trustees Iron Workers Local 580 Shop Annuity Fund's Iron Workers Local 580 Shop Annuity Fund reported $8M in total assets and 48 participants in its 2022 DOL Form 5500 filing, ranking in the 59th 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.

  • 59th percentile by assets (of 139,126 plans)
  • #5,846 in Construction (9,927 peers)

What the 2022 filing shows

Iron Workers Local 580 Shop Annuity Fund holds $8M for 48 participants - about $159,038 per participant, above the median plan by assets.

$8M
total plan assets (2022 EOY)
48
covered participants
59th
percentile by assets (of 139,126 plans)
$159,038
avg assets per participant

Where Iron Workers Local 580 Shop Annuity Fund sits by total assets

Iron Workers Local 580 Shop Annuity Fund vs every filed plan by assets

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

$7,633,833 Top 41% higher than 59% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
New York
Industry
Construction

Money Purchase filing for Iron Workers Local 580 Shop Annuity Fund

Money Purchase filing for plan year 2022: EIN 237118930 ; effective since 1970-07-30 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2022)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$11K
Employer EIN237118930
Plan Effective Date1970-07-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers Local 580 Shop Annuity Fund)

$7.4M$7.6M$7.8M$8M$8.2M$8.4M 202220232024 $7.63M $7.93M ▲ +3.9%
Total plan assets by year, all Board of Trustees Iron Workers Local 580 Shop Annuity Fund plans on file
Year Plans Participants Total Assets
2022 1 48 $8M
2023 1 47 $8M
2024 1 43 $8M

Nearby Money Purchase Plans in New York

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

Iron Workers Local 580 Shop Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -1012345 Total assets ($B) Participants Iron Workers Local 5…, Total assets ($B): 0.007633833 · Participants: 48Iron Workers Local 5…Tiaa Retirement Plan, Total assets ($B): 4.543178238 · Participants: 11825Tiaa Retirement PlanYoung Men's Christia…, Total assets ($B): 3.62423 · Participants: 42922Young Men's Christia…McKinsey & Company, …, Total assets ($B): 1.717200853 · Participants: 11845McKinsey & Company, …Brookhaven Science A…, Total assets ($B): 1.251409519 · Participants: 2436Brookhaven Science A…Iron Workers Locals …, Total assets ($B): 1.072542175 · Participants: 5068Iron Workers Locals …
Iron Workers Local 580 Shop Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants
Compare Iron Workers Local 580 Shop Annuity Fund side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Iron Workers Local 580 Shop Annuity Fund by total assets, not by location.

Frequently Asked Questions

How did Iron Workers Local 580 Shop Annuity Fund assets move in 2022? ▼
Iron Workers Local 580 Shop Annuity Fund edged up modestly - up 1.3% during 2022, from $8M to $8M. Reported net income was $11K.
How have Board of Trustees Iron Workers Local 580 Shop Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Local 580 Shop Annuity Fund's sponsor-wide assets grew 3.9%, from $8M to $8M.
Which Money Purchase plans are similar in size to Iron Workers Local 580 Shop Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Lincoln Community Health Center, Inc. Retirement Plan in NC ($8M, 182 participants).

Next read for Iron Workers Local 580 Shop Annuity Fund

Filing takeaways

Ways to act on Iron Workers Local 580 Shop Annuity Fund's numbers.

  • By total assets, Iron Workers Local 580 Shop Annuity Fund ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar Money Purchase plans in New York. Compare plans
  • Board of Trustees Iron Workers Local 580 Shop Annuity Fund's sponsor-wide assets have grown 3.9% 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 237118930.

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.