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
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- 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.
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)
| 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
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? ▼
How have Board of Trustees IBEW Local 1049 plan assets changed over time? ▼
Where does IBEW Local 1049 Craft Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local 1049 Craft Annuity Fund? ▼
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