Profit Sharing · DOL Form 5500 · 2023
Board of Trustees I.U.O.E. Local 98 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $86M
- Total assets
- 1,326
- Participants
- 90th
- Percentile by assets
- $65,205
- Avg per participant
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.
- 90th percentile by assets (of 127,072 plans)
- #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.
- $86M
- total plan assets (2023 EOY)
- 1,326
- covered participants
- 90th
- percentile by assets (of 127,072 plans)
- $65,205
- avg assets per participant
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.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. I.U.O.E. Local 98 Annuity Fund reports 1,326 participants - 2.0x that state average ($86M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $75M |
|---|---|
| Net Assets (End of Year) | $86M |
| Net Income | $11M |
| Employer EIN | 043030313 |
| Plan Effective Date | 1988-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees I.U.O.E. Local 98 Annuity Fund)
| 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
- Consolidated 403(b) Program of Mass General Brigham and Member Organizations $14.9B · 74,212
- Demoulas (Restated) Profit Sharing Plan & Trust $1.0B · 12,622
- Dana-Farber Cancer Institute Retirement Plan $788M · 4,630
- The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund $679M · 6,360
- Sheet Metal Workers Local 17 Annuity Income Fund $617M · 2,868
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to I.U.O.E. Local 98 Annuity Fund by total assets, not by location.
Frequently Asked Questions
How did I.U.O.E. Local 98 Annuity Fund assets move in 2023? ▼
How have Board of Trustees I.U.O.E. Local 98 Annuity Fund plan assets changed over time? ▼
Where does I.U.O.E. Local 98 Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to I.U.O.E. Local 98 Annuity Fund? ▼
Next read for I.U.O.E. Local 98 Annuity Fund
Filing takeaways
Ways to act on I.U.O.E. Local 98 Annuity Fund's numbers.
- By total assets, I.U.O.E. Local 98 Annuity Fund ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Massachusetts. Compare plans
- Board of Trustees I.U.O.E. Local 98 Annuity Fund's sponsor-wide assets have grown 24.1% since 2022 across 3 plan years on file. More Construction plans