401(k) · DOL Form 5500 · 2023

Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) 401(k) Plan

Data updated 2026-08-11

$1.6B
Total assets: 3,298
Participants: 99th
Percentile by assets: $472,893
Avg per participant

Official DOL plan name: Elevator Constructors Union Local 1 Annuity and 401(k) Fund · Sponsored by Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) · New Jersey · Construction

$1.6B in assets, 3,298 participants

Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k)'s Elevator Constructors Union Local 1 Annuity and 401(k) Fund reported $1.6B in total assets and 3,298 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 127,072 plans)
#8,958 in Construction (9,030 peers)

Coverage in New Jersey

Elevator Constructors Union Local 1 Annuity and 401(k) Fund covers 3,298 participants in New Jersey, 3.9x the typical New Jersey plan (state average ~844 per filing). Assets: $1.6B.

$1.6B
total plan assets (2023 EOY): 3,298
covered participants: 99th
percentile by assets (of 127,072 plans): $472,893
avg assets per participant

Elevator Constructors Union Local 1 Annuity and 401(k) Fund reported net income rose from -$137M in the plan year 2022 filing to $165M in the plan year 2023 filing.
Elevator Constructors Union Local 1 Annuity and 401(k) Fund end-of-year assets rose from $1.4B in the plan year 2022 filing to $1.6B in the plan year 2023 filing.
Elevator Constructors Union Local 1 Annuity and 401(k) Fund reported participants rose from 3,272 in the plan year 2022 filing to 3,298 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

New Jersey

Industry

Construction

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Elevator Constructors Union Local 1 Annuity and 401(k) Fund reports 3,298 participants - 3.9x that state average ($1.6B EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$1.4B
Net Assets (End of Year)	$1.6B
Net Income	$165M
Employer EIN	516124191
Plan Effective Date	1966-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k))

Total plan assets by year, all Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) plans on file

Year	Plans	Participants	Total Assets
2022	1	3,272	$1.4B
2023	1	3,298	$1.6B
2024	1	3,099	$1.7B

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Elevator Constructors Union Local 1 Annuity and 401(k) Fund vs. nearby 401(k) plans in New Jersey, assets vs. participants

JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
Verizon Savings Plan for Management Employees $27.8B · 78,072
Johnson and Johnson Savings Plan $22.2B · 41,291
Ernst & Young Retirement Savings Plan $15.5B · 59,346
Merck US Savings Plan $13.4B · 26,850

Compare Elevator Constructors Union Local 1 Annu… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Elevator Constructors Union Local 1 Annuity and 401(k) Fund by total assets, not by location.

Sonoco Retirement & Savings Plan (SC) $1.6B · 11,311
Dla Piper LLP (US) Profit Sharing and 401(k) Savings Plan (MD) $1.6B · 3,009
S.C. Johnson & Son, Inc. Employees Deferred Profit and Savings Plan (WI) $1.6B · 3,171
Xylem Retirement Savings Plan (NY) $1.6B · 4,636

Frequently Asked Questions

How did Elevator Constructors Union Local 1 Annuity and 401(k) Fund assets move in 2023? ▼

Elevator Constructors Union Local 1 Annuity and 401(k) Fund grew at a solid clip - up 11.8% during 2023, from $1.4B to $1.6B. Reported net income was $165M.

How have Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k) plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k)'s sponsor-wide assets grew 22.3%, from $1.4B to $1.7B.

Where does Elevator Constructors Union Local 1 Annuity and 401(k) Fund rank by assets among Form 5500 filers? ▼

Elevator Constructors Union Local 1 Annuity and 401(k) Fund ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Elevator Constructors Union Local 1 Annuity and 401(k) Fund? ▼

Among 401(k) plans in other states, the closest by assets is Sonoco Retirement & Savings Plan in SC ($1.6B, 11,311 participants).

Next read for Elevator Constructors Union Local 1 Annu…

Filing takeaways

Ways to act on Elevator Constructors Union Local 1 Annuity and 401(k) Fund's numbers.

By total assets, Elevator Constructors Union Local 1 Annuity and 401(k) Fund ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401(k)'s sponsor-wide assets have grown 22.3% since 2022 across 3 plan years on file. More Construction 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 516124191.