Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Minnesota Cement Masons Pension Fund Pension Plan

Data updated 2026-08-11

$268M
Total assets: 795
Participants: 96th
Percentile by assets: $336,685
Avg per participant

Official DOL plan name: Minnesota Cement Masons Pension Fund · Sponsored by Trustees of Minnesota Cement Masons Pension Fund · Minnesota · Construction

$268M in assets, 795 participants

Trustees of Minnesota Cement Masons Pension Fund's Minnesota Cement Masons Pension Fund reported $268M in total assets and 795 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#8,577 in Construction (9,030 peers)

Where Minnesota Cement Masons Pension Fund sits by assets

Minnesota Cement Masons Pension Fund sits in the top 5% of all filed plans by assets, $268M for 795 participants (~$336,685/participant), up 10.1% in 2023.

$268M
total plan assets (2023 EOY): 795
covered participants: 96th
percentile by assets (of 127,072 plans): $336,685
avg assets per participant

Where Minnesota Cement Masons Pension Fund sits by total assets

Minnesota Cement Masons Pension Fund vs every filed plan by assets

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

$267,664,728 Top 4% higher than 96% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Minnesota Cement Masons Pension Fund reported net income rose from -$35M in the plan year 2022 filing to $24M in the plan year 2023 filing.
Minnesota Cement Masons Pension Fund end-of-year assets rose from $243M in the plan year 2022 filing to $268M in the plan year 2023 filing.
Minnesota Cement Masons Pension Fund reported participants rose from 759 in the plan year 2022 filing to 795 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Construction

Minnesota Cement Masons Pension Fund vs the 2023 asset distribution

By assets, Minnesota Cement Masons Pension Fund outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$243M
Net Assets (End of Year)	$264M
Net Income	$24M
Employer EIN	516096906
Plan Effective Date	1966-11-08
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of Minnesota Cement Masons Pension Fund)

Total plan assets by year, all Trustees of Minnesota Cement Masons Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	759	$243M
2023	1	795	$268M
2024	1	802	$286M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Minnesota Cement Masons Pension Fund vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants

3M Employee Retirement Income Plan $14.3B · 10,638
Mayo Pension Plan $11.0B · 69,155
The Travelers Pension Plan $4.2B · 24,884
General Mills Pension Plan I $4.0B · 383
U.S. Bank Pension Plan $4.0B · 56,287

Compare Minnesota Cement Masons Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Minnesota Cement Masons Pension Fund by total assets, not by location.

Whx Pension Plan II (NY) $268M · 76
Plumbers and Pipefitters Local Union No 333 Pension Fund (MI) $268M · 659
Maryland Electrical Industry Pension Plan (WV) $268M · 1,667
Madison Gas and Electric Company Retirement Plan (WI) $267M · 103

Frequently Asked Questions

How did Minnesota Cement Masons Pension Fund assets move in 2023? ▼

Minnesota Cement Masons Pension Fund grew at a solid clip - up 10.1% during 2023, from $243M to $268M. Reported net income was $24M.

How have Trustees of Minnesota Cement Masons Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Minnesota Cement Masons Pension Fund's sponsor-wide assets grew 17.5%, from $243M to $286M.

Where does Minnesota Cement Masons Pension Fund rank by assets among Form 5500 filers? ▼

Minnesota Cement Masons Pension Fund ranks in the 96th 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 Defined Benefit (Pension) plans are similar in size to Minnesota Cement Masons Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Whx Pension Plan II in NY ($268M, 76 participants).

Next read for Minnesota Cement Masons Pension Fund

Scale reading

Ways to act on Minnesota Cement Masons Pension Fund's numbers.

By total assets, Minnesota Cement Masons 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 Defined Benefit (Pension) plans in Minnesota. Compare plans
Trustees of Minnesota Cement Masons Pension Fund's sponsor-wide assets have grown 17.5% 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 516096906.