Profit Sharing · DOL Form 5500 · 2023
Board of Trustees IBEW Local 1049 Profit Sharing Plan
Data updated 2026-08-25
- $308M
- Total assets Above avg plan size
- 3,061
- Participants Above avg headcount
- 96th
- Percentile by assets National rank
- $100,646
- Avg per participant Below avg balance/head
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.
- #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.
- #8,314
- in Finance & Insurance (8,869 peers)
- +18.2%
- assets growth YoY
- 3.1×
- vs typical plan assets (national mean)
IBEW Local 1049 Craft Annuity Fund's outsized position by total assets
IBEW Local 1049 Craft Annuity Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$308,078,930 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
IBEW Local 1049 Craft Annuity Fund's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 1049 Craft Annuity Fund lands in the large band (3,061 participants).
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.
Form 5500 schedule snapshot
Filing strip 113051862 · Board of Trustees IBEW Local 1049 PY 2023 · Profit Sharing
IBEW Local 1049 Craft Annuity Fund · $308M · 3,061 · 96th
- PHOTO $308M
- IND 3,061
- EOY 96th
- 5500 Profit Sharing
- ASSETS near Cooper Health System, Inc. Defined Contribution Retirement Plan
- PCT ind #8314
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in New York →
IBEW Local 1049 Craft Annuity Fund in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Board of Trustees IBEW Local 1049 plans reported in each filing year
- Latest sponsor-wide plan assets
- $349M 33.98733777795921% vs 2022
- 2024 filing year
| 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.
- 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
IBEW Local 1049 Craft Annuity Fund's out-of-state Profit Sharing peers by assets and headcount
Outside New York, the nearest Profit Sharing by assets is Cooper Health System, Inc. Defined Contribution Retirement Plan in NJ ($304M); by covered participants it is Connecticut Laborers' Annuity Plan in CT (3,065 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($308M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (3,061 participants); asset peers above are excluded.
- Connecticut Laborers' Annuity Plan (CT) 3,065 · 4 off
- Southern Ohio Medical Center Retirement Savings Program (OH) 3,054 · 7 off
- United Association of Journeymen & Apprentice Annuity Trust Fund (FL) 3,054 · 7 off
- Medical Information Technology, Inc. Profit Sharing Plan (MA) 3,041 · 20 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.