Profit Sharing · DOL Form 5500 · 2023

Board of Trustees I.U.O.E. Local 98 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$86M
Total assets Below avg plan size
1,326
Participants Near avg headcount
90th
Percentile by assets National rank
$65,205
Avg per participant Low balance/head
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Official DOL plan name: I.U.O.E. Local 98 Annuity Fund · Sponsored by Board of Trustees I.U.O.E. Local 98 Annuity Fund · Massachusetts · Construction

$86M in assets, 1,326 participants

Board of Trustees I.U.O.E. Local 98 Annuity Fund's I.U.O.E. Local 98 Annuity Fund reported $86M in total assets and 1,326 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,988 in Construction (9,030 peers)

Coverage in Massachusetts

I.U.O.E. Local 98 Annuity Fund covers 1,326 participants in Massachusetts, 2.0x the typical Massachusetts plan (state average ~659 per filing). Assets: $86M.

#7,988
in Construction (9,030 peers)
+14.6%
assets growth YoY
0.9×
vs typical plan assets (national mean)

I.U.O.E. Local 98 Annuity Fund's outsized position by total assets

I.U.O.E. Local 98 Annuity Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$86,462,456 Top 10% higher than 90% of 127,068 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 2023

I.U.O.E. Local 98 Annuity Fund's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. I.U.O.E. Local 98 Annuity Fund lands in the large band (1,326 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.U.O.E. Local 98 Annuity Fund reported net income rose from -$10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • I.U.O.E. Local 98 Annuity Fund end-of-year assets rose from $75M in the plan year 2022 filing to $86M in the plan year 2023 filing.
  • I.U.O.E. Local 98 Annuity Fund reported participants rose from 1,200 in the plan year 2022 filing to 1,326 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 043030313 · Board of Trustees I.U.O.E. Local 98 Annuity Fund PY 2023 · Profit Sharing

I.U.O.E. Local 98 Annuity Fund · $86M · 1,326 · 90th

  • EOY $86M
  • 5500 1,326
  • ASSETS 90th
  • PCT Profit Sharing
  • EIN near Cement Masons and Plasterers Joint Pension Plan
  • RANK ind #7988

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 Massachusetts →

I.U.O.E. Local 98 Annuity Fund in the asset neighbourhood

Local Union No. 90 I.B.E.W. Annuity PlanLocal Union No. 90 I.B.E.W. …$87MU.a. Plumbers & Steamfitters Local 22 Annuity FundU.a. Plumbers & Steamfitters…$87MThe Torrance Health Association Inc 401(a) PlanThe Torrance Health Associat…$87MI.U.O.E. Local 98 Annuity FundI.U.O.E. Local 98 Annuity Fu…$86MCement Masons and Plasterers Joint Pension PlanCement Masons and Plasterers…$86M
End-of-year total assets ($M) among I.U.O.E. Local 98 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$75M
Net Assets (End of Year)$86M
Net Income$11M
Employer EIN043030313
Plan Effective Date1988-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees I.U.O.E. Local 98 Annuity Fund)

Sponsor-wide plan assets over time

All Board of Trustees I.U.O.E. Local 98 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$94M 24.118373831112514% vs 2022
2024 filing year
$70M$80M$90M$100M 202220232024 $75.5M $93.7M ▲ +24.1%
Year Plans Participants Total Assets
2022 1 1,200 $75M
2023 1 1,326 $86M
2024 1 1,259 $94M

Nearby Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

I.U.O.E. Local 98 Annuity Fund vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants I.U.O.E. Local 98 Annuity Fund, Total assets ($B): 0.086462456 · Participants: 1326I.U.O.E. Local 98 Annuity FundConsolidated 403(b) Program of Mass General Brigham and Member Organizations, Total assets ($B): 14.924829262 · Participants: 74212Consolidated 403(b) Program of Mass General Brigham and Member OrganizationsDemoulas (Restated) Profit Sharing Plan & Trust, Total assets ($B): 1.003886994 · Participants: 12622Demoulas (Restated) Profit Sharing Plan & TrustDana-Farber Cancer Institute Retirement Plan, Total assets ($B): 0.788456235 · Participants: 4630Dana-Farber Cancer Institute Retirement PlanThe Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund, Total assets ($B): 0.679151027 · Participants: 6360The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement FundSheet Metal Workers Local 17 Annuity Income Fund, Total assets ($B): 0.616742666 · Participants: 2868Sheet Metal Workers Local 17 Annuity Income Fund
I.U.O.E. Local 98 Annuity Fund vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
Compare I.U.O.E. Local 98 Annuity Fund side-by-side with 3 peers →

I.U.O.E. Local 98 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Massachusetts, the nearest Profit Sharing by assets is Cement Masons and Plasterers Joint Pension Plan in NV ($86M); by covered participants it is United States Liability Insurance Company Employees' Profit Sharing Plan in PA (1,322 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,326 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did I.U.O.E. Local 98 Annuity Fund assets move in 2023? ▼
I.U.O.E. Local 98 Annuity Fund grew at a solid clip - up 14.6% during 2023, from $75M to $86M. Reported net income was $11M.
How have Board of Trustees I.U.O.E. Local 98 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees I.U.O.E. Local 98 Annuity Fund's sponsor-wide assets grew 24.1%, from $75M to $94M.
Where does I.U.O.E. Local 98 Annuity Fund rank by assets among Form 5500 filers? ▼
I.U.O.E. Local 98 Annuity Fund ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Profit Sharing plans are similar in size to I.U.O.E. Local 98 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Cement Masons and Plasterers Joint Pension Plan in NV ($86M, 677 participants).
Which Profit Sharing plans cover a similar participant headcount to I.U.O.E. Local 98 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is United States Liability Insurance Company Employees' Profit Sharing Plan in PA (1,322 participants, $243M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043030313.

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.