Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of the Twin City Ironworkers Pension Fund Pension Plan

Data updated 2026-08-25

$432M
Total assets Above avg plan size
1,353
Participants Near avg headcount
97th
Percentile by assets National rank
$319,046
Avg per participant High balance/head
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Official DOL plan name: Twin City Ironworkers Pension Plan · Sponsored by Board of Trustees of the Twin City Ironworkers Pension Fund · Minnesota · Construction

$432M in assets, 1,353 participants

Board of Trustees of the Twin City Ironworkers Pension Fund's Twin City Ironworkers Pension Plan reported $432M in total assets and 1,353 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,732 in Construction (9,030 peers)

Where Twin City Ironworkers Pension Plan sits by assets

Twin City Ironworkers Pension Plan sits in the top 5% of all filed plans by assets, $432M for 1,353 participants (~$319,046/participant), up 5.8% in 2023.

#8,732
in Construction (9,030 peers)
+5.8%
assets growth YoY
4.3×
vs typical plan assets (national mean)

Twin City Ironworkers Pension Plan's outsized position by total assets

Twin City Ironworkers Pension Plan vs every filed plan by assets

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

$431,669,116 Top 3% higher than 97% 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

Twin City Ironworkers Pension Plan'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. Twin City Ironworkers Pension Plan lands in the large band (1,353 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Twin City Ironworkers Pension Plan reported net income rose from -$71M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Twin City Ironworkers Pension Plan end-of-year assets rose from $408M in the plan year 2022 filing to $432M in the plan year 2023 filing.
  • Twin City Ironworkers Pension Plan reported participants rose from 1,322 in the plan year 2022 filing to 1,353 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 416084127 · Board of Trustees of the Twin City Ironworkers Pension Fund PY 2023 · Defined Benefit (Pension)

Twin City Ironworkers Pension Plan · $432M · 1,353 · 97th

  • ASSETS $432M
  • PCT 1,353
  • EIN 97th
  • RANK Defined Benefit (Pension)
  • PHOTO near Torrance Health Association Employees Retirement Plan
  • IND ind #8732

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 Minnesota →

Twin City Ironworkers Pension Plan in the asset neighbourhood

Cement Masons and Plasterers Retirement PlanCement Masons and Plasterers…$433MYale New Haven Health System Pension PlanYale New Haven Health System…$432MTwin City Ironworkers Pension PlanTwin City Ironworkers Pensio…$432MTorrance Health Association Employees Retirement PlanTorrance Health Association …$431MSfb Casualty Ins Co Retirement PlanSfb Casualty Ins Co Retireme…$431M
End-of-year total assets ($M) among Twin City Ironworkers Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$408M
Net Assets (End of Year)$432M
Net Income$24M
Employer EIN416084127
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the Twin City Ironworkers Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees of the Twin City Ironworkers Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$454M 11.219736524419465% vs 2022
2024 filing year
$400M$420M$440M$460M 202220232024 $408M $454M ▲ +11.2%
Year Plans Participants Total Assets
2022 1 1,322 $408M
2023 1 1,353 $432M
2024 1 1,387 $454M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Twin City Ironworkers Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Twin City Ironworkers Pension Plan, Total assets ($B): 0.431669116 · Participants: 1353Twin City Ironworkers Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Twin City Ironworkers Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Twin City Ironworkers Pension Plan side-by-side with 3 peers →

Twin City Ironworkers Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Torrance Health Association Employees Retirement Plan in CA ($431M); by covered participants it is Carpenters Pension Fund of West Virginia in WV (1,350 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($432M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,353 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 Twin City Ironworkers Pension Plan assets move in 2023? ▼
Twin City Ironworkers Pension Plan grew at a solid clip - up 5.8% during 2023, from $408M to $432M. Reported net income was $24M.
How have Board of Trustees of the Twin City Ironworkers Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of the Twin City Ironworkers Pension Fund's sponsor-wide assets grew 11.2%, from $408M to $454M.
Where does Twin City Ironworkers Pension Plan rank by assets among Form 5500 filers? ▼
Twin City Ironworkers Pension Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Twin City Ironworkers Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Torrance Health Association Employees Retirement Plan in CA ($431M, 1,270 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Twin City Ironworkers Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Carpenters Pension Fund of West Virginia in WV (1,350 participants, N/A 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 416084127.

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.