Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of Local 40 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $11M
- Total assets
- 135
- Participants
- 60th
- Percentile by assets
- $78,300
- Avg per participant
Official DOL plan name: International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund · Sponsored by Board of Trustees of Local 40 Annuity Fund · Pennsylvania · Construction
$11M in assets, 135 participants
Board of Trustees of Local 40 Annuity Fund's International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reported $11M in total assets and 135 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.
- 60th percentile by assets (of 127,072 plans)
- #5,254 in Construction (9,030 peers)
Coverage in Pennsylvania
International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund covers 135 participants in Pennsylvania, about 16% of the average Pennsylvania filer (state average ~822 per filing). Assets: $11M.
- $11M
- total plan assets (2023 EOY)
- 135
- covered participants
- 60th
- percentile by assets (of 127,072 plans)
- $78,300
- avg assets per participant
Where International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund sits by total assets
International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$10,570,514 Top 40% higher than 60% 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
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reported net income rose from -$526K in the plan year 2022 filing to $1M in the plan year 2023 filing.
- International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reported participants rose from 121 in the plan year 2022 filing to 135 in the plan year 2023 filing.
- International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reports 135 participants - about 16% of that state average ($11M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $10M |
|---|---|
| Net Assets (End of Year) | $11M |
| Net Income | $1M |
| Employer EIN | 141514924 |
| Plan Effective Date | 1988-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Local 40 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 121 | $10M |
| 2023 | 1 | 135 | $11M |
| 2024 | 1 | 106 | $11M |
Nearby Profit Sharing Plans in Pennsylvania
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
- Eastern Atlantic States Carpenters Annuity Fund $2.1B · 17,441
- University of Pennsylvania Basic Plan $1.7B · 21,016
- International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $1.1B · 3,905
- Temple University Health System, Inc. Defined Contribution Retirement Plan $763M · 10,204
- Morgan, Lewis & Bockius LLP Defined Contribution Plan $714M · 2,458
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund by total assets, not by location.
- Neue Galerie New York 403(b) Plan (NY) $11M · 115
- Medinatura, Inc. Retirement Plan (NM) $11M · 37
- James E. Hanson, Inc. Profit Sharing Plan (NJ) $11M · 34
- The Nord Center Retirement Plan (OH) $11M · 244
Frequently Asked Questions
How did International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund assets move in 2023? ▼
How have Board of Trustees of Local 40 Annuity Fund plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund? ▼
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Filing takeaways
Ways to act on International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund's numbers.
- By total assets, International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
- Board of Trustees of Local 40 Annuity Fund's sponsor-wide assets have grown 17.2% since 2022 across 3 plan years on file. More Construction plans