Profit Sharing · DOL Form 5500 · 2023
Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund Profit Sharing Plan
Data updated 2026-08-06
- $1.4B
- Total assets
- 8,602
- Participants
- 99th
- Percentile by assets
- $162,898
- Avg per participant
Official DOL plan name: Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan · Sponsored by Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund · New Jersey · Construction
$1.4B in assets, 8,602 participants
Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund's Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan reported $1.4B in total assets and 8,602 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 126,618 plans)
- #8,906 in Construction (8,993 peers)
Coverage in New Jersey
Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan covers 8,602 participants in New Jersey, 9.9x the typical New Jersey plan (state average ~865 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2023 EOY)
- 8,602
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $162,898
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan reported net income rose from -$161M in the plan year 2022 filing to $127M in the plan year 2023 filing.
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.4B in the plan year 2023 filing.
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan reported participants rose from 8,556 in the plan year 2022 filing to 8,602 in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan reports 8,602 participants - 9.9x that state average ($1.4B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | $127M |
| Employer EIN | 222331070 |
| Plan Effective Date | 1980-10-21 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8,556 | $1.3B |
| 2023 | 1 | 8,602 | $1.4B |
| 2024 | 1 | 8,865 | $1.6B |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
- Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,843
- Operating Engineers Local 825 Profit Sharing Fund $1.4B · 10,336
- IBEW Local Union No 102 Surety Plan $637M · 2,283
- Kpmg Partner Retirement Savings Plan $529M · 1,895
- Cooper Health System, Inc. Defined Contribution Retirement Plan $304M · 6,491
Scale composition for Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan
Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan reports $1.4B in end-of-year assets across 8,602 participants (0.012% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.010% of 89,805,449 covered participants) - about $162,898 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $127M.
This plan identity (EIN 222331070, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.6B (+19.3%) while covered participants moved from 8,556 to 8,865 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,556 | $1.3B | Open filing |
| 2023 | 8,602 | $1.4B | This page |
| 2024 · index core | 8,865 | $1.6B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan (Profit Sharing, $1.6B, 8,865 participants)
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan by total assets, not by location.
- Cleveland Clinic Investment Pension Plan (OH) $1.5B · 48,582
- Memorialcare Retirement Plan (CA) $1.3B · 4,728
- H-E-B Partner Stock Plan (TX) $1.3B · 96,911
- The Northwestern Mutual Life Insurance Company Agents Persistency Fee Guarantee Fund (WI) $1.3B · 5,914
Frequently Asked Questions
How did Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan assets move in 2023? ▼
How have Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund plan assets changed over time? ▼
Where does Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan? ▼
Next read for Heavy & General Laborers' Local Unions 4…
Filing takeaways
Ways to act on Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan's numbers.
- By total assets, Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New Jersey. Compare plans
- Bd of Trustees Heavy & General Laborers' of Nj Annuity Fund's sponsor-wide assets have grown 19.3% since 2022 across 3 plan years on file. More Construction plans