Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of the Painting Industry Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $812M
- Total assets
- 5,509
- Participants
- 98th
- Percentile by assets
- $147,428
- Avg per participant
Official DOL plan name: Painting Industry Annuity Fund · Sponsored by Board of Trustees of the Painting Industry Annuity Fund · New York · Construction
$812M in assets, 5,509 participants
Board of Trustees of the Painting Industry Annuity Fund's Painting Industry Annuity Fund reported $812M in total assets and 5,509 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #8,882 in Construction (9,030 peers)
Coverage in New York
Painting Industry Annuity Fund covers 5,509 participants in New York, 6.9x the typical New York plan (state average ~798 per filing). Assets: $812M.
- $812M
- total plan assets (2023 EOY)
- 5,509
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $147,428
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Painting Industry Annuity Fund reported net income rose from -$110M in the plan year 2022 filing to $71M in the plan year 2023 filing.
- Painting Industry Annuity Fund end-of-year assets rose from $745M in the plan year 2022 filing to $812M in the plan year 2023 filing.
- Painting Industry Annuity Fund reported participants rose from 5,164 in the plan year 2022 filing to 5,509 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. Painting Industry Annuity Fund reports 5,509 participants - 6.9x that state average ($812M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $745M |
|---|---|
| Net Assets (End of Year) | $808M |
| Net Income | $71M |
| Employer EIN | 516049898 |
| Plan Effective Date | 1965-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of the Painting Industry Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,164 | $745M |
| 2023 | 1 | 5,509 | $812M |
| 2024 | 1 | 5,414 | $884M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Painting Industry 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
Scale composition for Painting Industry Annuity Fund
Painting Industry Annuity Fund reports $812M in end-of-year assets across 5,509 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $147,428 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2023 was $71M.
This plan identity (EIN 516049898, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $745M to $884M (+18.7%) while covered participants moved from 5,164 to 5,414 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,164 | $745M | Open filing |
| 2023 | 5,509 | $812M | This page |
| 2024 · index core | 5,414 | $884M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Painting Industry Annuity Fund (Profit Sharing, $884M, 5,414 participants)
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Painting Industry Annuity Fund by total assets, not by location.
- Les Schwab Profit Sharing Retirement Plan (OR) $805M · 5,463
- Shv Profit Sharing Plan (CA) $804M · 58
- I.a.M. National 401(k) Plan (DC) $828M · 33,154
- Aspirus, Inc. Retirement Plan (WI) $795M · 10,161
Frequently Asked Questions
How did Painting Industry Annuity Fund assets move in 2023? ▼
How have Board of Trustees of the Painting Industry Annuity Fund plan assets changed over time? ▼
Where does Painting Industry Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Painting Industry Annuity Fund? ▼
Next read for Painting Industry Annuity Fund
Filing takeaways
Ways to act on Painting Industry Annuity Fund's numbers.
- By total assets, Painting Industry 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 of the Painting Industry Annuity Fund's sponsor-wide assets have grown 18.7% since 2022 across 3 plan years on file. More Construction plans