Profit Sharing · DOL Form 5500 · 2023

Tmt Bac Local Union #7 Profit Sharing Plan

Data updated 2026-08-25

$196M
Total assets Near avg plan size
1,462
Participants Near avg headcount
95th
Percentile by assets National rank
$134,275
Avg per participant Near avg balance/head
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Official DOL plan name: The Local 7 Tile Industry Annuity Fund · Sponsored by Tmt Bac Local Union #7 · New York · Construction

$196M in assets, 1,462 participants

Tmt Bac Local Union #7's The Local 7 Tile Industry Annuity Fund reported $196M in total assets and 1,462 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,450 in Construction (9,030 peers)

Where The Local 7 Tile Industry Annuity Fund sits by assets

The Local 7 Tile Industry Annuity Fund sits in the top 5% of all filed plans by assets, $196M for 1,462 participants (~$134,275/participant), up 5.8% in 2023.

#8,450
in Construction (9,030 peers)
+5.8%
assets growth YoY
2.0×
vs typical plan assets (national mean)

The Local 7 Tile Industry Annuity Fund's outsized position by total assets

The Local 7 Tile Industry Annuity Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$196,309,602 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Local 7 Tile Industry 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. The Local 7 Tile Industry Annuity Fund lands in the large band (1,462 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Local 7 Tile Industry Annuity Fund reported net income rose from -$22M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • The Local 7 Tile Industry Annuity Fund end-of-year assets rose from $186M in the plan year 2022 filing to $196M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 386829765 · Tmt Bac Local Union #7 PY 2023 · Profit Sharing

The Local 7 Tile Industry Annuity Fund · $196M · 1,462 · 95th

  • SCH $196M
  • EBSA 1,462
  • PART 95th
  • TYPE Profit Sharing
  • NET near Hewlett Packard Enterprise Puerto Rico Tax Saving Capital Accumulation Plan
  • BOOK ind #8450

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 Construction retirement plans → · Plans in New York →

The Local 7 Tile Industry Annuity Fund in the asset neighbourhood

Chapman and Cutler LLP Retirement PlanChapman and Cutler LLP Retir…$198MThe Local 7 Tile Industry Annuity FundThe Local 7 Tile Industry An…$196MHewlett Packard Enterprise Puerto Rico Tax Saving Capital Accumulation PlanHewlett Packard Enterprise P…$196MIron Workers Defined Contribution Pension Fund PlanIron Workers Defined Contrib…$196MWillamette University Defined Contribution Retirement PlanWillamette University Define…$195M
End-of-year total assets ($M) among The Local 7 Tile Industry Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$186M
Net Assets (End of Year)$196M
Net Income$11M
Employer EIN386829765
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tmt Bac Local Union #7)

Sponsor-wide plan assets over time

All Tmt Bac Local Union #7 plans reported in each filing year

Latest sponsor-wide plan assets
$214M 15.238506871348289% vs 2022
2024 filing year
$180M$190M$200M$210M$220M 202220232024 $186M $214M ▲ +15.2%
Year Plans Participants Total Assets
2022 1 1,465 $186M
2023 1 1,462 $196M
2024 1 1,234 $214M

Nearby Profit Sharing Plans in New York

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

The Local 7 Tile Industry Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 00.511.522.5 Total assets ($B) Participants The Local 7 Tile Industry Annuity Fund, Total assets ($B): 0.196309602 · Participants: 1462The Local 7 Tile Industry Annuity FundAnnuity Plan of the Electrical Industry, Total assets ($B): 2.210433172 · Participants: 18907Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.870067356 · Participants: 3402Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.660408686 · Participants: 5807Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.177491602 · Participants: 10120The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.912972009 · Participants: 11237Mason Tenders District Council Annuity Fund
The Local 7 Tile Industry Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare The Local 7 Tile Industry Annuity Fund side-by-side with 3 peers →

The Local 7 Tile Industry Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Hewlett Packard Enterprise Puerto Rico Tax Saving Capital Accumulation Plan in PR ($196M); by covered participants it is Sartorius Stedim Filters, Inc. Employee Savings and Profit Sharing Plan in PR (1,463 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,462 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Local 7 Tile Industry Annuity Fund assets move in 2023? ▼
The Local 7 Tile Industry Annuity Fund grew at a solid clip - up 5.8% during 2023, from $186M to $196M. Reported net income was $11M.
How have Tmt Bac Local Union #7 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tmt Bac Local Union #7's sponsor-wide assets grew 15.2%, from $186M to $214M.
Where does The Local 7 Tile Industry Annuity Fund rank by assets among Form 5500 filers? ▼
The Local 7 Tile Industry Annuity Fund ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to The Local 7 Tile Industry Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Hewlett Packard Enterprise Puerto Rico Tax Saving Capital Accumulation Plan in PR ($196M, 751 participants).
Which Profit Sharing plans cover a similar participant headcount to The Local 7 Tile Industry Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Sartorius Stedim Filters, Inc. Employee Savings and Profit Sharing Plan in PR (1,463 participants, $9M in assets).

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 386829765.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.