Money Purchase · DOL Form 5500 · 2023

Board of Trustees Iron Workers Money Purchase Plan

Data updated 2026-08-25

$567M
Total assets Above avg plan size
7,428
Participants Very large workforce
98th
Percentile by assets National rank
$76,310
Avg per participant Below avg balance/head
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Official DOL plan name: Iron Workers District Council of New England Annuity Fund · Sponsored by Board of Trustees Iron Workers · Massachusetts · Construction

$567M in assets, 7,428 participants

Board of Trustees Iron Workers's Iron Workers District Council of New England Annuity Fund reported $567M in total assets and 7,428 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.

  • #8,809 in Construction (9,030 peers)

Coverage in Massachusetts

Iron Workers District Council of New England Annuity Fund covers 7,428 participants in Massachusetts, 11x the typical Massachusetts plan (state average ~659 per filing). Assets: $567M.

#8,809
in Construction (9,030 peers)
+13.5%
assets growth YoY
5.7×
vs typical plan assets (national mean)

Iron Workers District Council of New England Annuity Fund's outsized position by total assets

Iron Workers District Council of New England Annuity Fund vs every filed plan by assets

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

$566,828,471 Top 2% higher than 98% 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

Iron Workers District Council of New England 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. Iron Workers District Council of New England Annuity Fund lands in the large band (7,428 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers District Council of New England Annuity Fund reported net income rose from -$86M in the plan year 2022 filing to $67M in the plan year 2023 filing.
  • Iron Workers District Council of New England Annuity Fund end-of-year assets rose from $500M in the plan year 2022 filing to $567M in the plan year 2023 filing.
  • Iron Workers District Council of New England Annuity Fund reported participants rose from 6,992 in the plan year 2022 filing to 7,428 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 042647320 · Board of Trustees Iron Workers PY 2023 · Money Purchase

Iron Workers District Council of New England Annuity Fund · $567M · 7,428 · 98th

  • IND $567M
  • EOY 7,428
  • 5500 98th
  • ASSETS Money Purchase
  • PCT near Hawaii Carpenters Financial Security Fund
  • EIN ind #8809

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 Massachusetts →

Iron Workers District Council of New England Annuity Fund in the asset neighbourhood

Educational Testing Service 401(a) Retirement PlanEducational Testing Service …$577MHawaii Carpenters Financial Security FundHawaii Carpenters Financial …$577MIron Workers District Council of New England Annuity FundIron Workers District Counci…$567MUPS/Ibt Local 2727 Defined Contribution Money Purchase Pension PlanUPS/Ibt Local 2727 Defined C…$550MNfl Pension Plan$545M
End-of-year total assets ($M) among Iron Workers District Council of New England Annuity Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$500M
Net Assets (End of Year)$566M
Net Income$67M
Employer EIN042647320
Plan Effective Date1972-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers)

Sponsor-wide plan assets over time

All Board of Trustees Iron Workers plans reported in each filing year

Latest sponsor-wide plan assets
$614M 22.92923651730414% vs 2022
2024 filing year
$450M$500M$550M$600M$650M 202220232024 $500M $614M ▲ +22.9%
Year Plans Participants Total Assets
2022 1 6,992 $500M
2023 1 7,428 $567M
2024 1 7,659 $614M

Nearby Money Purchase Plans in Massachusetts

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Iron Workers District Council of New England Annuity Fund vs. nearby Money Purchase plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 050001000015000 00.511.522.53 Total assets ($B) Participants Iron Workers District Council of New England Annuity Fund, Total assets ($B): 0.566828471 · Participants: 7428Iron Workers District Council of New England Annuity FundThe Mitre Corporation Qualified Retirement Plan, Total assets ($B): 2.564495046 · Participants: 12551The Mitre Corporation Qualified Retirement PlanRetirement Income Plan for Teaching Faculty of Harvard University, Total assets ($B): 2.165044645 · Participants: 2687Retirement Income Plan for Teaching Faculty of Harvard UniversityMassachusetts Laborers' Annuity Fund, Total assets ($B): 2.163224805 · Participants: 11709Massachusetts Laborers' Annuity FundHarvard University Defined Contribution Retirement Plan, Total assets ($B): 1.763325967 · Participants: 13259Harvard University Defined Contribution Retirement PlanElectrical Workers Deferred Income Plan Local 103, I.B.E.W., Total assets ($B): 1.633331243 · Participants: 8337Electrical Workers Deferred Income Plan Local 103, I.B.E.W.
Iron Workers District Council of New England Annuity Fund vs. nearby Money Purchase plans in Massachusetts, assets vs. participants
Compare Iron Workers District Council of New England Annuity Fund side-by-side with 3 peers →

Scale composition for Iron Workers District Council of New England Annuity Fund

Iron Workers District Council of New England Annuity Fund reports $567M in end-of-year assets across 7,428 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $76,310 per participant (55% of the national average assets-per-participant) . Net income for plan year 2023 was $67M.

This plan identity (EIN 042647320, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $500M to $614M (+22.9%) while covered participants moved from 6,992 to 7,659 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,992 $500M Open filing
2023 7,428 $567M This page
2024 · index core 7,659 $614M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Iron Workers District Council of New England Annuity Fund's out-of-state Money Purchase peers by assets and headcount

Outside Massachusetts, the nearest Money Purchase by assets is Hawaii Carpenters Financial Security Fund in HI ($577M); by covered participants it is Operating Engineers' Local 324, Defined Contribution Pension Plan in MI (7,464 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($567M here).

Similar participant headcount

Nearest other-state filings by covered participants (7,428 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 Iron Workers District Council of New England Annuity Fund assets move in 2023? ▼
Iron Workers District Council of New England Annuity Fund grew at a solid clip - up 13.5% during 2023, from $500M to $567M. Reported net income was $67M.
How have Board of Trustees Iron Workers plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers's sponsor-wide assets grew 22.9%, from $500M to $614M.
Where does Iron Workers District Council of New England Annuity Fund rank by assets among Form 5500 filers? ▼
Iron Workers District Council of New England Annuity Fund ranks in the 98th 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 Money Purchase plans are similar in size to Iron Workers District Council of New England Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Hawaii Carpenters Financial Security Fund in HI ($577M, 3,972 participants).
Which Money Purchase plans cover a similar participant headcount to Iron Workers District Council of New England Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Operating Engineers' Local 324, Defined Contribution Pension Plan in MI (7,464 participants, $237M 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 042647320.

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.