Money Purchase · DOL Form 5500 · 2023
IBEW Local 241 Money Purchase Plan
Data updated 2026-08-25
- $34M
- Total assets Below avg plan size
- 196
- Participants Below avg headcount
- 81st
- Percentile by assets National rank
- $172,151
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local #241 Annuity Plan · Sponsored by IBEW Local 241 · New York · Construction
$34M in assets, 196 participants
IBEW Local 241's IBEW Local #241 Annuity Plan reported $34M in total assets and 196 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.
- #7,149 in Construction (9,030 peers)
Coverage in New York
IBEW Local #241 Annuity Plan covers 196 participants in New York, about 25% of the average New York filer (state average ~798 per filing). Assets: $34M.
- #7,149
- in Construction (9,030 peers)
- +11.3%
- assets growth YoY
- 0.3×
- vs typical plan assets (national mean)
IBEW Local #241 Annuity Plan's outsized position by total assets
IBEW Local #241 Annuity Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$33,741,656 Top 19% higher than 81% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
IBEW Local #241 Annuity Plan among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local #241 Annuity Plan sits mid-pack in the medium band (196 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local #241 Annuity Plan reported net income rose from $145K in the plan year 2022 filing to $3M in the plan year 2023 filing.
- IBEW Local #241 Annuity Plan end-of-year assets rose from $30M in the plan year 2022 filing to $34M in the plan year 2023 filing.
- IBEW Local #241 Annuity Plan reported participants rose from 192 in the plan year 2022 filing to 196 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 166118689 · IBEW Local 241 PY 2023 · Money Purchase
IBEW Local #241 Annuity Plan · $34M · 196 · 81st
- BOOK $34M
- VS-ST 196
- BOY 81st
- SCH Money Purchase
- EBSA near Ironworkers Local 380 Retirement and Severance Plan
- PART ind #7149
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 →
IBEW Local #241 Annuity Plan in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $30M |
|---|---|
| Net Assets (End of Year) | $34M |
| Net Income | $3M |
| Employer EIN | 166118689 |
| Plan Effective Date | 1983-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 241)
Sponsor-wide plan assets over time
All IBEW Local 241 plans reported in each filing year
- Latest sponsor-wide plan assets
- $63M 18.271093043013487% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 305 | $54M |
| 2023 | 2 | 314 | $59M |
| 2024 | 2 | 298 | $63M |
Nearby Money Purchase Plans in New York
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- Tiaa Retirement Plan $5.3B · 12,501
- Young Men's Christian Association Retirement Fund Retirement Plan $3.7B · 43,490
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $2.0B · 15,163
- Brookhaven Science Associates, LLC Retirement Plan $1.4B · 2,473
- Iron Workers Locals 40, 361 & 417 Annuity Fund $1.2B · 4,998
IBEW Local #241 Annuity Plan's out-of-state Money Purchase peers by assets and headcount
Outside New York, the nearest Money Purchase by assets is Ironworkers Local 380 Retirement and Severance Plan in IL ($34M); by covered participants it is Sanford Bismarck Money Purchase Pension Plan (Qr) in ND (196 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($34M here).
Similar participant headcount
Nearest other-state filings by covered participants (196 participants); asset peers above are excluded.
- Sanford Bismarck Money Purchase Pension Plan (Qr) (ND) 196 · 0 off
- Defined Contribution Pension Plan for the Employees of Children's Home Society of California (CA) 195 · 1 off
- Cannon Memorial Hospital Employees' Pension Plan Agreement (SC) 194 · 2 off
- Institute for Advanced Study Defined Contribution Retirement Plan (NJ) 200 · 4 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.