Profit Sharing · DOL Form 5500 · 2023

IBEW Local Union No 237 Annuity Fund Profit Sharing Plan

Data updated 2026-08-11

$20M
Total assets
204
Participants
73rd
Percentile by assets
$97,893
Avg per participant
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Official DOL plan name: IBEW Local Union No 237 Annuity Fund · Sponsored by IBEW Local Union No 237 Annuity Fund · New York · Construction

$20M in assets, 204 participants

IBEW Local Union No 237 Annuity Fund's IBEW Local Union No 237 Annuity Fund reported $20M in total assets and 204 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • 73rd percentile by assets (of 127,072 plans)
  • #6,445 in Construction (9,030 peers)

Coverage in New York

IBEW Local Union No 237 Annuity Fund covers 204 participants in New York, about 26% of the average New York filer (state average ~798 per filing). Assets: $20M.

$20M
total plan assets (2023 EOY)
204
covered participants
73rd
percentile by assets (of 127,072 plans)
$97,893
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local Union No 237 Annuity Fund reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • IBEW Local Union No 237 Annuity Fund end-of-year assets rose from $18M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • IBEW Local Union No 237 Annuity Fund reported participants fell from 208 in the plan year 2022 filing to 204 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. IBEW Local Union No 237 Annuity Fund reports 204 participants - about 26% of that state average ($20M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$20M
Net Income$2M
Employer EIN161378286
Plan Effective Date1990-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union No 237 Annuity Fund)

$16M$18M$20M$22M$24M 202220232024 $17.6M $22.2M ▲ +26.1%
Total plan assets by year, all IBEW Local Union No 237 Annuity Fund plans on file
Year Plans Participants Total Assets
2022 1 208 $18M
2023 1 204 $20M
2024 1 192 $22M

Nearby Profit Sharing Plans in New York

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

IBEW Local Union No 237 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants

IBEW Local Union No 237 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants IBEW Local Union No …Annuity Plan of the …Annuity Fund Iuoe Lo…Annuity Fd of the Iu…The Research Foundat…Mason Tenders Distri…
IBEW Local Union No 237 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to IBEW Local Union No 237 Annuity Fund by total assets, not by location.

Frequently Asked Questions

How did IBEW Local Union No 237 Annuity Fund assets move in 2023?
IBEW Local Union No 237 Annuity Fund grew at a solid clip - up 13.6% during 2023, from $18M to $20M. Reported net income was $2M.
How have IBEW Local Union No 237 Annuity Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), IBEW Local Union No 237 Annuity Fund's sponsor-wide assets grew 26.1%, from $18M to $22M.
Which Profit Sharing plans are similar in size to IBEW Local Union No 237 Annuity Fund?
Among Profit Sharing plans in other states, the closest by assets is The Lakes Community Health Center, Inc. 403(b) Plan in WI ($20M, 371 participants).

Next read for IBEW Local Union No 237 Annuity Fund

Filing takeaways

Ways to act on IBEW Local Union No 237 Annuity Fund's numbers.

  • By total assets, IBEW Local Union No 237 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 New York. Compare plans
  • IBEW Local Union No 237 Annuity Fund's sponsor-wide assets have grown 26.1% since 2022 across 3 plan years on file. More Construction plans