Profit Sharing · DOL Form 5500 · 2023

IBEW Local 1249 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
3,026
Participants Above avg headcount
75th
Percentile by assets National rank
$7,461
Avg per participant Low balance/head
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Official DOL plan name: IBEW Local 1249 Annuity Fund · Sponsored by IBEW Local 1249 Annuity Fund · New York · Construction

$23M in assets, 3,026 participants

IBEW Local 1249 Annuity Fund's IBEW Local 1249 Annuity Fund reported $23M in total assets and 3,026 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #6,633 in Construction (9,030 peers)

Coverage in New York

IBEW Local 1249 Annuity Fund covers 3,026 participants in New York, 3.8x the typical New York plan (state average ~798 per filing). Assets: $23M.

#6,633
in Construction (9,030 peers)
+97.6%
assets growth YoY
0.2×
vs typical plan assets (national mean)

IBEW Local 1249 Annuity Fund's outsized position by total assets

IBEW Local 1249 Annuity Fund vs every filed plan by assets

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

$22,578,165 Top 25% higher than 75% 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

IBEW Local 1249 Annuity Fund'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. IBEW Local 1249 Annuity Fund lands in the large band (3,026 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 1249 Annuity Fund end-of-year assets rose from $11M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • IBEW Local 1249 Annuity Fund reported participants rose from 1,780 in the plan year 2022 filing to 3,026 in the plan year 2023 filing.
  • IBEW Local 1249 Annuity Fund reported net income rose from $8M in the plan year 2022 filing to $12M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 863163143 · IBEW Local 1249 Annuity Fund PY 2023 · Profit Sharing

IBEW Local 1249 Annuity Fund · $23M · 3,026 · 75th

  • BOY $23M
  • SCH 3,026
  • EBSA 75th
  • PART Profit Sharing
  • TYPE near Composition Roofers #4 Annuity Fund
  • NET ind #6633

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 New York →

IBEW Local 1249 Annuity Fund in the asset neighbourhood

Hubbell Caribe, Inc. Employees' Retirement PlanHubbell Caribe, Inc. Employe…$23MFrancis Realty Inc Profit Sharing PlanFrancis Realty Inc Profit Sh…$23MNational Trust for Historic Preservation in the US 403(b) PlanNational Trust for Historic …$23MComposition Roofers #4 Annuity FundComposition Roofers #4 Annui…$23MIBEW Local 1249 Annuity Fund$23M
End-of-year total assets ($M) among IBEW Local 1249 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$22M
Net Income$12M
Employer EIN863163143
Plan Effective Date2021-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 1249 Annuity Fund)

Sponsor-wide plan assets over time

All IBEW Local 1249 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$39M 243.13313243304302% vs 2022
2024 filing year
$0M$10M$20M$30M$40M$50M 202220232024 $11.4M $39.2M ▲ +243.3%
Year Plans Participants Total Assets
2022 1 1,780 $11M
2023 1 3,026 $23M
2024 1 3,040 $39M

Nearby Profit Sharing Plans in New York

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

IBEW Local 1249 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 -0.500.511.522.5 Total assets ($B) Participants IBEW Local 1249 Annuity Fund, Total assets ($B): 0.022578165 · Participants: 3026IBEW Local 1249 Annuity FundAnnuity Plan of the Electrical Industry, Total assets ($B): 2.210433172 · Participants: 18907Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.870067356 · Participants: 3402Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.660408686 · Participants: 5807Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.177491602 · Participants: 10120The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.912972009 · Participants: 11237Mason Tenders District Council Annuity Fund
IBEW Local 1249 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare IBEW Local 1249 Annuity Fund side-by-side with 3 peers →

IBEW Local 1249 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Composition Roofers #4 Annuity Fund in NJ ($23M); by covered participants it is Medical Information Technology, Inc. Profit Sharing Plan in MA (3,041 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,026 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 IBEW Local 1249 Annuity Fund assets move in 2023? ▼
IBEW Local 1249 Annuity Fund surged - up 97.6% during 2023, from $11M to $23M. Reported net income was $12M.
How have IBEW Local 1249 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 1249 Annuity Fund's sponsor-wide assets grew 243.1%, from $11M to $39M.
Where does IBEW Local 1249 Annuity Fund rank by assets among Form 5500 filers? ▼
IBEW Local 1249 Annuity Fund ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local 1249 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Composition Roofers #4 Annuity Fund in NJ ($23M, 141 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 1249 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Medical Information Technology, Inc. Profit Sharing Plan in MA (3,041 participants, $405M 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 863163143.

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.