Profit Sharing · DOL Form 5500 · 2023

Board of Trustees IBEW Local 1049 Profit Sharing Plan

Data updated 2026-08-11

$308M
Total assets: 3,061
Participants: 96th
Percentile by assets: $100,646
Avg per participant

Official DOL plan name: IBEW Local 1049 Craft Annuity Fund · Sponsored by Board of Trustees IBEW Local 1049 · New York · Finance & Insurance

$308M in assets, 3,061 participants

Board of Trustees IBEW Local 1049's IBEW Local 1049 Craft Annuity Fund reported $308M in total assets and 3,061 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)
#8,314 in Finance & Insurance (8,869 peers)

Coverage in New York

IBEW Local 1049 Craft Annuity Fund covers 3,061 participants in New York, 3.8x the typical New York plan (state average ~798 per filing). Assets: $308M.

$308M
total plan assets (2023 EOY): 3,061
covered participants: 96th
percentile by assets (of 127,072 plans): $100,646
avg assets per participant

IBEW Local 1049 Craft Annuity Fund reported net income rose from -$28M in the plan year 2022 filing to $47M in the plan year 2023 filing.
IBEW Local 1049 Craft Annuity Fund end-of-year assets rose from $261M in the plan year 2022 filing to $308M in the plan year 2023 filing.
IBEW Local 1049 Craft Annuity Fund reported participants fell from 3,163 in the plan year 2022 filing to 3,061 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New York

Industry

Finance & Insurance

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. IBEW Local 1049 Craft Annuity Fund reports 3,061 participants - 3.8x that state average ($308M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$261M
Net Assets (End of Year)	$308M
Net Income	$47M
Employer EIN	113051862
Plan Effective Date	1991-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 1049)

Total plan assets by year, all Board of Trustees IBEW Local 1049 plans on file

Year	Plans	Participants	Total Assets
2022	1	3,163	$261M
2023	1	3,061	$308M
2024	1	3,215	$349M

Nearby Profit Sharing Plans in New York

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

IBEW Local 1049 Craft Annuity Fund 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

Compare IBEW Local 1049 Craft Annuity Fund side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to IBEW Local 1049 Craft Annuity Fund by total assets, not by location.

Cooper Health System, Inc. Defined Contribution Retirement Plan (NJ) $304M · 6,491
American Maritime Officers Defined Contribution Plan (FL) $314M · 4,371
Carpenter Co. Profit-Sharing Plan (VA) $299M · 2,085
Pacific Coast Building Products, Inc. Profit Sharing/Ret Plan & Trust Agreement (CA) $299M · 2,160

Frequently Asked Questions

How did IBEW Local 1049 Craft Annuity Fund assets move in 2023? ▼

IBEW Local 1049 Craft Annuity Fund grew sharply - up 18.2% during 2023, from $261M to $308M. Reported net income was $47M.

How have Board of Trustees IBEW Local 1049 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 1049's sponsor-wide assets grew 34.0%, from $261M to $349M.

Where does IBEW Local 1049 Craft Annuity Fund rank by assets among Form 5500 filers? ▼

IBEW Local 1049 Craft Annuity 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 Profit Sharing plans are similar in size to IBEW Local 1049 Craft Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Cooper Health System, Inc. Defined Contribution Retirement Plan in NJ ($304M, 6,491 participants).

Next read for IBEW Local 1049 Craft Annuity Fund

Filing takeaways

Ways to act on IBEW Local 1049 Craft Annuity Fund's numbers.

By total assets, IBEW Local 1049 Craft Annuity Fund ranks in the top 5% 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 IBEW Local 1049's sponsor-wide assets have grown 34.0% since 2022 across 3 plan years on file. More Finance & Insurance 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 113051862.