Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of the Twin City Ironworkers DC Pension Fund Profit Sharing Plan
Data updated 2026-08-11
- $322M
- Total assets
- 2,539
- Participants
- 96th
- Percentile by assets
- $126,661
- Avg per participant
Official DOL plan name: Twin City Ironworkers Defined Contribution Fund · Sponsored by Board of Trustees of the Twin City Ironworkers DC Pension Fund · Minnesota · Construction
$322M in assets, 2,539 participants
Board of Trustees of the Twin City Ironworkers DC Pension Fund's Twin City Ironworkers Defined Contribution Fund reported $322M in total assets and 2,539 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #8,645 in Construction (9,030 peers)
Coverage in Minnesota
Twin City Ironworkers Defined Contribution Fund covers 2,539 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $322M.
- $322M
- total plan assets (2023 EOY)
- 2,539
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $126,661
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Twin City Ironworkers Defined Contribution Fund reported net income rose from -$45M in the plan year 2022 filing to $62M in the plan year 2023 filing.
- Twin City Ironworkers Defined Contribution Fund end-of-year assets rose from $260M in the plan year 2022 filing to $322M in the plan year 2023 filing.
- Twin City Ironworkers Defined Contribution Fund reported participants rose from 2,463 in the plan year 2022 filing to 2,539 in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Twin City Ironworkers Defined Contribution Fund reports 2,539 participants - 2.3x that state average ($322M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $260M |
|---|---|
| Net Assets (End of Year) | $322M |
| Net Income | $62M |
| Employer EIN | 411876222 |
| Plan Effective Date | 1997-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of the Twin City Ironworkers DC Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,463 | $260M |
| 2023 | 1 | 2,539 | $322M |
| 2024 | 1 | 2,654 | $380M |
Nearby Profit Sharing Plans in Minnesota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Twin City Ironworkers Defined Contribution Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
- Essentia Health Retirement Plan $1.9B · 15,491
- Pipe Trades Services Mn Pension Supplement Fund $1.6B · 6,062
- Allina 403(b) Retirement Savings Plan $906M · 9,417
- Fairview Health Services Pension Plan $610M · 4,828
- Cargill Employee Retirement Account Plan $511M · 19,870
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Twin City Ironworkers Defined Contribution Fund by total assets, not by location.
- Indiana State Council of Plasterers & Cement Mason Pension Fund (IN) $321M · 1,127
- Dyno Nobel Inc. and Subsidiaries Tax Favored Retirement Savings and Investment Plan (UT) $320M · 2,460
- Arch. Ironworkers Local 63 DC Pension Trust (IL) $320M · 2,038
- Bricklayers Local 1 of PA/De Annuity Fund (PA) $326M · 2,414
Frequently Asked Questions
How did Twin City Ironworkers Defined Contribution Fund assets move in 2023? ▼
How have Board of Trustees of the Twin City Ironworkers DC Pension Fund plan assets changed over time? ▼
Where does Twin City Ironworkers Defined Contribution Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Twin City Ironworkers Defined Contribution Fund? ▼
Next read for Twin City Ironworkers Defined Contributi…
Filing takeaways
Ways to act on Twin City Ironworkers Defined Contribution Fund's numbers.
- By total assets, Twin City Ironworkers Defined Contribution Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Minnesota. Compare plans
- Board of Trustees of the Twin City Ironworkers DC Pension Fund's sponsor-wide assets have grown 46.2% since 2022 across 3 plan years on file. More Construction plans