Money Purchase · DOL Form 5500 · 2023

Board of Trustees Iron Workers Local 580 Shop Annuity Fund Money Purchase Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
47
Participants Small participant base
55th
Percentile by assets National rank
$176,186
Avg per participant Above avg balance/head
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Official DOL plan name: Iron Workers Local 580 Shop Annuity Fund · Sponsored by Board of Trustees Iron Workers Local 580 Shop Annuity Fund · New York · Construction

$8M in assets, 47 participants

Board of Trustees Iron Workers Local 580 Shop Annuity Fund's Iron Workers Local 580 Shop Annuity Fund reported $8M in total assets and 47 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #4,770 in Construction (9,030 peers)

2023 asset change

Iron Workers Local 580 Shop Annuity Fund grew at a solid clip 8.5% in 2023 ($8M → $8M) for 47 participants.

#4,770
in Construction (9,030 peers)
+8.5%
assets growth YoY

Iron Workers Local 580 Shop Annuity Fund's mid-pack asset rank among Construction and all filers

Iron Workers Local 580 Shop Annuity Fund vs every filed plan by assets

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

$8,280,724 Top 45% higher than 55% 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 Local 580 Shop Annuity Fund among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Workers Local 580 Shop Annuity Fund is a small filing (47 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers Local 580 Shop Annuity Fund reported net income rose from $11K in the plan year 2022 filing to $534K in the plan year 2023 filing.
  • Iron Workers Local 580 Shop Annuity Fund end-of-year assets rose from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Iron Workers Local 580 Shop Annuity Fund reported participants fell from 48 in the plan year 2022 filing to 47 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 237118930 · Board of Trustees Iron Workers Local 580 Shop Annuity Fund PY 2023 · Money Purchase

Iron Workers Local 580 Shop Annuity Fund · $8M · 47 · 55th

  • EOY $8M
  • EOY 47
  • EOY 55th
  • EOY Money Purchase
  • EOY near Indiana Historical Society Defined Contribution Retirement Plan
  • EOY ind #4770

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 →

Iron Workers Local 580 Shop Annuity Fund in the asset neighbourhood

Lexington Medical Associates, Inc. Money Purchase Pension PlanLexington Medical Associates…$8MIllinois Valley Community Hospital Defined Contribution Retirement PlanIllinois Valley Community Ho…$8MIron Workers Local 580 Shop Annuity FundIron Workers Local 580 Shop …$8MIndiana Historical Society Defined Contribution Retirement PlanIndiana Historical Society D…$8MBricklayers & Allied Craftsmen Local Union No. 7 Retirement PlanBricklayers & Allied Craftsm…$8M
End-of-year total assets ($M) among Iron Workers Local 580 Shop Annuity Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Board of Trustees Iron Workers Local 580 Shop Annuity Fund years around the 2023 move

Sponsor-wide plan assets over time

All Board of Trustees Iron Workers Local 580 Shop Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$8M 3.9182413343336173% vs 2022
2024 filing year
$7.4M$7.6M$7.8M$8M$8.2M$8.4M 202220232024 $7.63M $7.93M ▲ +3.9%
Year Plans Participants Total Assets
2022 1 48 $8M
2023 1 47 $8M
2024 1 43 $8M

2023 asset-move particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$534K
Employer EIN237118930
Plan Effective Date1970-07-30
Filing StatusFILING RECEIVED

Nearby Money Purchase Plans in New York

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

Iron Workers Local 580 Shop Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246 Total assets ($B) Participants Iron Workers Local 580 Shop Annuity Fund, Total assets ($B): 0.008280724 · Participants: 47Iron Workers Local 580 Shop Annuity FundTiaa Retirement Plan, Total assets ($B): 5.254874957 · Participants: 12501Tiaa Retirement PlanYoung Men's Christian Association Retirement Fund Retirement Plan, Total assets ($B): 3.73565 · Participants: 43490Young Men's Christian Association Retirement Fund Retirement PlanMcKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan, Total assets ($B): 1.981784839 · Participants: 15163McKinsey & Company, Inc. (Mppp) Money Purchase Pension PlanBrookhaven Science Associates, LLC Retirement Plan, Total assets ($B): 1.410735256 · Participants: 2473Brookhaven Science Associates, LLC Retirement PlanIron Workers Locals 40, 361 & 417 Annuity Fund, Total assets ($B): 1.151869619 · Participants: 4998Iron Workers Locals 40, 361 & 417 Annuity Fund
Iron Workers Local 580 Shop Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants
Compare Iron Workers Local 580 Shop Annuity Fund side-by-side with 3 peers →

Iron Workers Local 580 Shop Annuity Fund's out-of-state Money Purchase peers by assets and headcount

Outside New York, the nearest Money Purchase by assets is Indiana Historical Society Defined Contribution Retirement Plan in IN ($8M); by covered participants it is Gas Pipe, Inc Mppp in TX (47 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (47 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 Local 580 Shop Annuity Fund assets move in 2023? ▼
Iron Workers Local 580 Shop Annuity Fund grew at a solid clip - up 8.5% during 2023, from $8M to $8M. Reported net income was $534K.
How have Board of Trustees Iron Workers Local 580 Shop Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Local 580 Shop Annuity Fund's sponsor-wide assets grew 3.9%, from $8M to $8M.
Which Money Purchase plans are similar in size to Iron Workers Local 580 Shop Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Indiana Historical Society Defined Contribution Retirement Plan in IN ($8M, 72 participants).
Which Money Purchase plans cover a similar participant headcount to Iron Workers Local 580 Shop Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Gas Pipe, Inc Mppp in TX (47 participants, $2M 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 237118930.

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.