Profit Sharing · DOL Form 5500 · 2023

Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund Profit Sharing Plan

Data updated 2026-08-11

$207M
Total assets: 435
Participants: 95th
Percentile by assets: $475,407
Avg per participant

Official DOL plan name: Heat and Frost Insulators Local 34 Pension Fund · Sponsored by Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund · Minnesota · Construction

$207M in assets, 435 participants

Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund's Heat and Frost Insulators Local 34 Pension Fund reported $207M in total assets and 435 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 127,072 plans)
#8,485 in Construction (9,030 peers)

Coverage in Minnesota

Heat and Frost Insulators Local 34 Pension Fund covers 435 participants in Minnesota, about 39% of the average Minnesota filer (state average ~1,126 per filing). Assets: $207M.

$207M
total plan assets (2023 EOY): 435
covered participants: 95th
percentile by assets (of 127,072 plans): $475,407
avg assets per participant

Heat and Frost Insulators Local 34 Pension Fund reported net income rose from -$36M in the plan year 2022 filing to $30M in the plan year 2023 filing.
Heat and Frost Insulators Local 34 Pension Fund end-of-year assets rose from $177M in the plan year 2022 filing to $207M in the plan year 2023 filing.
Heat and Frost Insulators Local 34 Pension Fund reported participants fell from 458 in the plan year 2022 filing to 435 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Heat and Frost Insulators Local 34 Pension Fund reports 435 participants - about 39% of that state average ($207M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$177M
Net Assets (End of Year)	$207M
Net Income	$30M
Employer EIN	410574565
Plan Effective Date	1965-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund)

Total plan assets by year, all Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	458	$177M
2023	1	435	$207M
2024	1	474	$231M

Nearby Profit Sharing Plans in Minnesota

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

Heat and Frost Insulators Local 34 Pension 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

Compare Heat and Frost Insulators Local 34 Pensi… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Heat and Frost Insulators Local 34 Pension Fund by total assets, not by location.

Peacehealth Southwest Medical Center Employer Contribution Plan (WA) $207M · 3,300
Cfni Retirement Plan (IN) $206M · 6,110
Concurrent Technologies Corporation Retirement Savings Plan (PA) $208M · 346
Analytic Services Inc. Defined Contribution Retirement Plan (VA) $205M · 584

Frequently Asked Questions

How did Heat and Frost Insulators Local 34 Pension Fund assets move in 2023? ▼

Heat and Frost Insulators Local 34 Pension Fund grew sharply - up 17.0% during 2023, from $177M to $207M. Reported net income was $30M.

How have Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund's sponsor-wide assets grew 30.9%, from $177M to $231M.

Where does Heat and Frost Insulators Local 34 Pension Fund rank by assets among Form 5500 filers? ▼

Heat and Frost Insulators Local 34 Pension Fund ranks in the 95th 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 Profit Sharing plans are similar in size to Heat and Frost Insulators Local 34 Pension Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Peacehealth Southwest Medical Center Employer Contribution Plan in WA ($207M, 3,300 participants).

Next read for Heat and Frost Insulators Local 34 Pensi…

Filing takeaways

Ways to act on Heat and Frost Insulators Local 34 Pension Fund's numbers.

By total assets, Heat and Frost Insulators Local 34 Pension 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 Heat and Frost Insulators Local 34 Pension Fund's sponsor-wide assets have grown 30.9% 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 410574565.