Profit Sharing · DOL Form 5500 · 2023

Board of Trustees of Bac Local 1 Supplemental Retirement Fund Profit Sharing Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
348
Participants Below avg headcount
65th
Percentile by assets National rank
$39,387
Avg per participant Low balance/head
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Official DOL plan name: Bac #1 Supplemental Retirement Fund · Sponsored by Board of Trustees of Bac Local 1 Supplemental Retirement Fund · Minnesota · Construction

$14M in assets, 348 participants

Board of Trustees of Bac Local 1 Supplemental Retirement Fund's Bac #1 Supplemental Retirement Fund reported $14M in total assets and 348 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #5,777 in Construction (9,030 peers)

Coverage in Minnesota

Bac #1 Supplemental Retirement Fund covers 348 participants in Minnesota, about 31% of the average Minnesota filer (state average ~1,126 per filing). Assets: $14M.

#5,777
in Construction (9,030 peers)
+15.1%
assets growth YoY

Bac #1 Supplemental Retirement Fund's mid-pack asset rank among Construction and all filers

Bac #1 Supplemental Retirement Fund vs every filed plan by assets

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

$13,706,680 Top 35% higher than 65% 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

Bac #1 Supplemental Retirement Fund among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bac #1 Supplemental Retirement Fund sits mid-pack in the medium band (348 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bac #1 Supplemental Retirement Fund reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Bac #1 Supplemental Retirement Fund end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Bac #1 Supplemental Retirement Fund reported participants fell from 378 in the plan year 2022 filing to 348 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 411868381 · Board of Trustees of Bac Local 1 Supplemental Retirement Fund PY 2023 · Profit Sharing

Bac #1 Supplemental Retirement Fund · $14M · 348 · 65th

  • BOY $14M
  • BOY 348
  • BOY 65th
  • BOY Profit Sharing
  • BOY near Parker Medical, Inc. Profit Sharing Plan
  • BOY ind #5777

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 →

Bac #1 Supplemental Retirement Fund in the asset neighbourhood

Fountain House 403(b) Retirement PlanFountain House 403(b) Retire…$14MBac #1 Supplemental Retirement FundBac #1 Supplemental Retireme…$14MSaint Elizabeth Community 403(b) Retirement PlanSaint Elizabeth Community 40…$14MParker Medical, Inc. Profit Sharing PlanParker Medical, Inc. Profit …$14MWarren General Hospital 403(b) Supplemental Pension for Professional EmployeesWarren General Hospital 403(…$14M
End-of-year total assets ($M) among Bac #1 Supplemental Retirement Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN411868381
Plan Effective Date1997-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Bac Local 1 Supplemental Retirement Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Bac Local 1 Supplemental Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$15M 27.786515379887476% vs 2022
2024 filing year
$11M$12M$13M$14M$15M$16M 202220232024 $11.9M $15.2M ▲ +27.7%
Year Plans Participants Total Assets
2022 1 378 $12M
2023 1 348 $14M
2024 1 358 $15M

Nearby Profit Sharing Plans in Minnesota

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

Bac #1 Supplemental Retirement Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Bac #1 Supplemental Retirement Fund, Total assets ($B): 0.01370668 · Participants: 348Bac #1 Supplemental Retirement FundEssentia Health Retirement Plan, Total assets ($B): 1.947015983 · Participants: 15491Essentia Health Retirement PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.617374084 · Participants: 6062Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.905961651 · Participants: 9417Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.609806339 · Participants: 4828Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.510990463 · Participants: 19870Cargill Employee Retirement Account Plan
Bac #1 Supplemental Retirement Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Bac #1 Supplemental Retirement Fund side-by-side with 3 peers →

Bac #1 Supplemental Retirement Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is Parker Medical, Inc. Profit Sharing Plan in CT ($14M); by covered participants it is Gotham Per Diem, Inc Retirement Plan in NY (348 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (348 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 Bac #1 Supplemental Retirement Fund assets move in 2023? ▼
Bac #1 Supplemental Retirement Fund grew sharply - up 15.1% during 2023, from $12M to $14M. Reported net income was $2M.
How have Board of Trustees of Bac Local 1 Supplemental Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Bac Local 1 Supplemental Retirement Fund's sponsor-wide assets grew 27.8%, from $12M to $15M.
Which Profit Sharing plans are similar in size to Bac #1 Supplemental Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Parker Medical, Inc. Profit Sharing Plan in CT ($14M, 68 participants).
Which Profit Sharing plans cover a similar participant headcount to Bac #1 Supplemental Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Gotham Per Diem, Inc Retirement Plan in NY (348 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 411868381.

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.