Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

TRUSTEES OF ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN

This Profit Sharing plan holds $10M in total assets and serves 139 participants as of 2023. It is sponsored by TRUSTEES OF ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN in Minnesota. The plan reported positive net income of $2M for the year.

Total Assets (2023)
$10M
Participants
139
State
Industry
Construction

What the Filing Says About ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN

ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN is a Profit Sharing retirement plan sponsored by TRUSTEES OF ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN, headquartered in Minnesota. As of the 2023 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 139 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 411972759, and the plan has been effective since 2000-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2023 to $10M at year-end — a gain of 22.7%. Net assets (after liabilities) closed the year at $10M, with reported net income of $2M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$8M
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$2M
Plan TypeProfit Sharing
Employer EIN411972759
Plan Effective Date2000-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (TRUSTEES OF ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN)

Year Plans Participants Total Assets
2022 1 118 $8M
2023 1 139 $10M
2024 1 143 $11M

Nearby Profit Sharing Plans in Minnesota

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

Frequently Asked Questions

How much money is in the ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN?
As of the 2023 Form 5500 filing, ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN holds $10M in total assets with 139 participants. It is sponsored by TRUSTEES OF ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN.
What type of plan is ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN?
ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN is a Profit Sharing plan. It has been effective since 2000-06-01. The plan is filed with the U.S. Department of Labor under EIN 411972759.
Who sponsors the ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN?
ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN is sponsored by TRUSTEES OF ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN, located in Minnesota. The sponsor's EIN is 411972759 and the plan operates in the Construction industry.
How did ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN perform in 2023?
ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN grew by 22.7% during 2023, moving from $8M to $10M in total assets. Net income was $2M.
Where can I find official filings for ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN?
Official Form 5500 filings for ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 411972759 or plan name at efast.dol.gov.
How does ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN compare to other plans?
You can compare ELECTRICAL WORKERS LOCAL NO. 294 401(K) PLAN against other Profit Sharing plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 411972759.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.