Profit Sharing · DOL Form 5500 · 2023
Board of Trustees Laborers Local 785 Defined Contribution Plan Profit Sharing Plan
Data updated 2026-08-11
- $36M
- Total assets
- 566
- Participants
- 82nd
- Percentile by assets
- $64,018
- Avg per participant
Official DOL plan name: Laborers Local 785 Defined Contribution Plan · Sponsored by Board of Trustees Laborers Local 785 Defined Contribution Plan · New York · Construction
$36M in assets, 566 participants
Board of Trustees Laborers Local 785 Defined Contribution Plan's Laborers Local 785 Defined Contribution Plan reported $36M in total assets and 566 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 127,072 plans)
- #7,238 in Construction (9,030 peers)
Where Laborers Local 785 Defined Contribution Plan sits by assets
Laborers Local 785 Defined Contribution Plan sits in the top quartile of all filed plans by assets, $36M for 566 participants (~$64,018/participant), up 13.2% in 2023.
- $36M
- total plan assets (2023 EOY)
- 566
- covered participants
- 82nd
- percentile by assets (of 127,072 plans)
- $64,018
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Laborers Local 785 Defined Contribution Plan reported net income rose from -$5M in the plan year 2022 filing to $4M in the plan year 2023 filing.
- Laborers Local 785 Defined Contribution Plan reported participants rose from 484 in the plan year 2022 filing to 566 in the plan year 2023 filing.
- Laborers Local 785 Defined Contribution Plan end-of-year assets rose from $32M in the plan year 2022 filing to $36M in the plan year 2023 filing.
Laborers Local 785 Defined Contribution Plan vs the 2023 asset distribution
By assets, Laborers Local 785 Defined Contribution Plan outranks 82% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $32M |
|---|---|
| Net Assets (End of Year) | $36M |
| Net Income | $4M |
| Employer EIN | 161605797 |
| Plan Effective Date | 2001-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Laborers Local 785 Defined Contribution Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 484 | $32M |
| 2023 | 1 | 566 | $36M |
| 2024 | 1 | 544 | $41M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Laborers Local 785 Defined Contribution Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Plan of the Electrical Industry $2.2B · 18,907
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.9B · 3,402
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.7B · 5,807
- The Research Foundation for Suny Retirement Plan $1.2B · 10,120
- Mason Tenders District Council Annuity Fund $913M · 11,237
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Laborers Local 785 Defined Contribution Plan by total assets, not by location.
- The Access Pooled Employer Plan - Series 1 (TX) $36M · 3,333
- Marina Plon, M.D. Profit Sharing Plan & Trust (NV) $36M · 1
- Eclc of New Jersey Retirement Plan (NJ) $36M · 377
- Lewis Rice Kansas City Savings Plan (MO) $37M · 56
Frequently Asked Questions
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Next read for Laborers Local 785 Defined Contribution …
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Ways to act on Laborers Local 785 Defined Contribution Plan's numbers.
- By total assets, Laborers Local 785 Defined Contribution Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Board of Trustees Laborers Local 785 Defined Contribution Plan's sponsor-wide assets have grown 26.7% since 2022 across 3 plan years on file. More Construction plans