Money Purchase · DOL Form 5500 · 2023

Board of Trustees Iron Workers Local 401 Annuity Fund Money Purchase Plan

Data updated 2026-08-25

$129M
Total assets Near avg plan size
995
Participants Near avg headcount
93rd
Percentile by assets National rank
$130,063
Avg per participant Near avg balance/head
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Official DOL plan name: Iron Workers Local 401 Annuity Fund · Sponsored by Board of Trustees Iron Workers Local 401 Annuity Fund · Pennsylvania · Construction

$129M in assets, 995 participants

Board of Trustees Iron Workers Local 401 Annuity Fund's Iron Workers Local 401 Annuity Fund reported $129M in total assets and 995 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #8,247 in Construction (9,030 peers)

Where Iron Workers Local 401 Annuity Fund sits by assets

Iron Workers Local 401 Annuity Fund sits in the top 10% of all filed plans by assets, $129M for 995 participants (~$130,063/participant), up 7.0% in 2023.

#8,247
in Construction (9,030 peers)
+7.0%
assets growth YoY
1.3×
vs typical plan assets (national mean)

Iron Workers Local 401 Annuity Fund's outsized position by total assets

Iron Workers Local 401 Annuity Fund vs every filed plan by assets

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

$129,413,149 Top 7% higher than 93% 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

Iron Workers Local 401 Annuity 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. Iron Workers Local 401 Annuity Fund sits mid-pack in the medium band (995 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers Local 401 Annuity Fund reported net income rose from -$24M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Iron Workers Local 401 Annuity Fund reported participants rose from 831 in the plan year 2022 filing to 995 in the plan year 2023 filing.
  • Iron Workers Local 401 Annuity Fund end-of-year assets rose from $121M in the plan year 2022 filing to $129M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 232191989 · Board of Trustees Iron Workers Local 401 Annuity Fund PY 2023 · Money Purchase

Iron Workers Local 401 Annuity Fund · $129M · 995 · 93rd

  • BOOK $129M
  • BOOK 995
  • BOOK 93rd
  • BOOK Money Purchase
  • BOOK near NECA-IBEW 177 Pension Fund
  • BOOK ind #8247

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 Pennsylvania →

Iron Workers Local 401 Annuity Fund in the asset neighbourhood

Mcphs University Pension Plan$131MIron Workers Local 401 Annuity FundIron Workers Local 401 Annui…$129MNECA-IBEW 177 Pension Fund$129MSouth Central Annuity Fund$129MMid-Atlantic States District Council Participating Locals Annuity FundMid-Atlantic States District…$128M
End-of-year total assets ($M) among Iron Workers Local 401 Annuity Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$121M
Net Assets (End of Year)$129M
Net Income$9M
Employer EIN232191989
Plan Effective Date1982-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers Local 401 Annuity Fund)

Sponsor-wide plan assets over time

All Board of Trustees Iron Workers Local 401 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$140M 15.531740191128321% vs 2022
2024 filing year
$110M$120M$130M$140M$150M 202220232024 $121M $140M ▲ +15.5%
Year Plans Participants Total Assets
2022 1 831 $121M
2023 1 995 $129M
2024 1 847 $140M

Nearby Money Purchase Plans in Pennsylvania

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Iron Workers Local 401 Annuity Fund vs. nearby Money Purchase plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 01000200030004000 02004006008001000 Total assets ($M) Participants Iron Workers Local 401 Annuity Fund, Total assets ($M): 129.413149 · Participants: 995Iron Workers Local 401 Annuity FundCentral Pennsylvania Teamsters Retirement Income Plan 1987, Total assets ($M): 877.450231 · Participants: 3684Central Pennsylvania Teamsters Retirement Income Plan 1987Duane Morris Retirement Plan, Total assets ($M): 321.029187 · Participants: 478Duane Morris Retirement PlanIBEW Local Union 375 Electricians' Retirement Plan, Total assets ($M): 170.013061 · Participants: 658IBEW Local Union 375 Electricians' Retirement PlanMilton Hershey School Money Purchase Pension Plan, Total assets ($M): 161.591269 · Participants: 1331Milton Hershey School Money Purchase Pension PlanRetirement Plan for Faculty, Administrative and Professional Employees of University of Scranton, Total assets ($M): 145.172051 · Participants: 632Retirement Plan for Faculty, Administrative and Professional Employees of University of Scranton
Iron Workers Local 401 Annuity Fund vs. nearby Money Purchase plans in Pennsylvania, assets vs. participants
Compare Iron Workers Local 401 Annuity Fund side-by-side with 3 peers →

Iron Workers Local 401 Annuity Fund's out-of-state Money Purchase peers by assets and headcount

Outside Pennsylvania, the nearest Money Purchase by assets is NECA-IBEW 177 Pension Fund in FL ($129M); by covered participants it is International Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan in RI (994 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($129M here).

Similar participant headcount

Nearest other-state filings by covered participants (995 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 Iron Workers Local 401 Annuity Fund assets move in 2023? ▼
Iron Workers Local 401 Annuity Fund grew at a solid clip - up 7.0% during 2023, from $121M to $129M. Reported net income was $9M.
How have Board of Trustees Iron Workers Local 401 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Local 401 Annuity Fund's sponsor-wide assets grew 15.5%, from $121M to $140M.
Where does Iron Workers Local 401 Annuity Fund rank by assets among Form 5500 filers? ▼
Iron Workers Local 401 Annuity Fund ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Money Purchase plans are similar in size to Iron Workers Local 401 Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by assets is NECA-IBEW 177 Pension Fund in FL ($129M, 1,443 participants).
Which Money Purchase plans cover a similar participant headcount to Iron Workers Local 401 Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is International Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan in RI (994 participants, $143M 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 232191989.

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.