Profit Sharing · DOL Form 5500 · 2023

Board of Trustees Insulators Local No. 2 Annuity Plan Profit Sharing Plan

Data updated 2026-08-11

$92M
Total assets: 572
Participants: 91st
Percentile by assets: $161,577
Avg per participant

Official DOL plan name: Insulators Local No. 2 Annuity Plan · Sponsored by Board of Trustees Insulators Local No. 2 Annuity Plan · Pennsylvania · Construction

$92M in assets, 572 participants

Board of Trustees Insulators Local No. 2 Annuity Plan's Insulators Local No. 2 Annuity Plan reported $92M in total assets and 572 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

91st percentile by assets (of 127,072 plans)
#8,036 in Construction (9,030 peers)

Where Insulators Local No. 2 Annuity Plan sits by assets

Insulators Local No. 2 Annuity Plan sits in the top 10% of all filed plans by assets, $92M for 572 participants (~$161,577/participant), up 8.6% in 2023.

$92M
total plan assets (2023 EOY): 572
covered participants: 91st
percentile by assets (of 127,072 plans): $161,577
avg assets per participant

Insulators Local No. 2 Annuity Plan reported net income rose from -$14M in the plan year 2022 filing to $7M in the plan year 2023 filing.
Insulators Local No. 2 Annuity Plan reported participants fell from 1,571 in the plan year 2022 filing to 572 in the plan year 2023 filing.
Insulators Local No. 2 Annuity Plan end-of-year assets rose from $85M in the plan year 2022 filing to $92M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Construction

Insulators Local No. 2 Annuity Plan vs the 2023 asset distribution

By assets, Insulators Local No. 2 Annuity Plan outranks 91% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$85M
Net Assets (End of Year)	$92M
Net Income	$7M
Employer EIN	251400090
Plan Effective Date	1980-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Insulators Local No. 2 Annuity Plan)

Total plan assets by year, all Board of Trustees Insulators Local No. 2 Annuity Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	1,571	$85M
2023	1	572	$92M
2024	1	521	$101M

Nearby Profit Sharing Plans in Pennsylvania

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

Insulators Local No. 2 Annuity Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Eastern Atlantic States Carpenters Annuity Fund $2.1B · 17,441
University of Pennsylvania Basic Plan $1.7B · 21,016
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $1.1B · 3,905
Temple University Health System, Inc. Defined Contribution Retirement Plan $763M · 10,204
Morgan, Lewis & Bockius LLP Defined Contribution Plan $714M · 2,458

Compare Insulators Local No. 2 Annuity Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Insulators Local No. 2 Annuity Plan by total assets, not by location.

Hood College Defined Contribution Retirement Plan (MD) $93M · 325
Boston Scientific Corporation 401(k) Retirement Savings Plan for Puerto Rico Affiliates (PR) $93M · 952
Lowenstein Sandler Profit Sharing Plan (NJ) $93M · 281
Bricklayers Supplemental Annuity Fund (NY) $93M · 1,112

Frequently Asked Questions

How did Insulators Local No. 2 Annuity Plan assets move in 2023? ▼

Insulators Local No. 2 Annuity Plan grew at a solid clip - up 8.6% during 2023, from $85M to $92M. Reported net income was $7M.

How have Board of Trustees Insulators Local No. 2 Annuity Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Insulators Local No. 2 Annuity Plan's sponsor-wide assets grew 18.4%, from $85M to $101M.

Where does Insulators Local No. 2 Annuity Plan rank by assets among Form 5500 filers? ▼

Insulators Local No. 2 Annuity Plan ranks in the 91st 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 Insulators Local No. 2 Annuity Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Hood College Defined Contribution Retirement Plan in MD ($93M, 325 participants).

Next read for Insulators Local No. 2 Annuity Plan

Scale reading

Ways to act on Insulators Local No. 2 Annuity Plan's numbers.

By total assets, Insulators Local No. 2 Annuity Plan 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 Pennsylvania. Compare plans
Board of Trustees Insulators Local No. 2 Annuity Plan's sponsor-wide assets have grown 18.4% 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 251400090.