Money Purchase · DOL Form 5500 · 2023
Board of Trustees Iron Workers Local 580 Shop Annuity Fund Money Purchase Plan
Data updated 2026-08-11
- $8M
- Total assets
- 47
- Participants
- 55th
- Percentile by assets
- $176,186
- Avg per participant
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.
- 55th percentile by assets (of 127,072 plans)
- #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.
- $8M
- total plan assets (2023 EOY)
- 47
- covered participants
- 55th
- percentile by assets (of 127,072 plans)
- $176,186
- avg assets per participant
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.
2023 asset move for Iron Workers Local 580 Shop Annuity Fund
Year over year, total assets grew at a solid clip from $8M at the start of 2023 to $8M at year-end (up 8.5%). Net assets closed at $8M; reported net income $534K.
Board of Trustees Iron Workers Local 580 Shop Annuity Fund years around the 2023 move
| 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 EIN | 237118930 |
| Plan Effective Date | 1970-07-30 |
| Filing Status | FILING 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
- 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
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Iron Workers Local 580 Shop Annuity Fund by total assets, not by location.
- Indiana Historical Society Defined Contribution Retirement Plan (IN) $8M · 72
- Illinois Valley Community Hospital Defined Contribution Retirement Plan (IL) $8M · 264
- Bricklayers & Allied Craftsmen Local Union No. 7 Retirement Plan (KY) $8M · 65
- Lexington Medical Associates, Inc. Money Purchase Pension Plan (AZ) $8M · N/A
Frequently Asked Questions
How did Iron Workers Local 580 Shop Annuity Fund assets move in 2023? ▼
How have Board of Trustees Iron Workers Local 580 Shop Annuity Fund plan assets changed over time? ▼
Which Money Purchase plans are similar in size to Iron Workers Local 580 Shop Annuity Fund? ▼
Next read for Iron Workers Local 580 Shop Annuity Fund
2023 change
Ways to act on Iron Workers Local 580 Shop Annuity Fund's numbers.
- By total assets, Iron Workers Local 580 Shop Annuity Fund ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in New York. Compare plans
- Board of Trustees Iron Workers Local 580 Shop Annuity Fund's sponsor-wide assets have grown 3.9% since 2022 across 3 plan years on file. More Construction plans