Profit Sharing · DOL Form 5500 · 2023

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund Profit Sharing Plan

Data updated 2026-08-11

$28M
Total assets: 426
Participants: 78th
Percentile by assets: $64,924
Avg per participant

Official DOL plan name: Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund · Sponsored by Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund · Pennsylvania · Finance & Insurance

$28M in assets, 426 participants

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund's Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund reported $28M in total assets and 426 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

78th percentile by assets (of 127,072 plans)
#5,895 in Finance & Insurance (8,869 peers)

Where Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund sits by assets

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund sits in the top quartile of all filed plans by assets, $28M for 426 participants (~$64,924/participant), up 0.9% in 2023.

$28M
total plan assets (2023 EOY): 426
covered participants: 78th
percentile by assets (of 127,072 plans): $64,924
avg assets per participant

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund reported net income fell from $2M in the plan year 2022 filing to $292K in the plan year 2023 filing.
Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund reported participants rose from 393 in the plan year 2022 filing to 426 in the plan year 2023 filing.
Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund end-of-year assets rose from $27M in the plan year 2022 filing to $28M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Finance & Insurance

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund vs the 2023 asset distribution

By assets, Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund outranks 78% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$27M
Net Assets (End of Year)	$28M
Net Income	$292K
Employer EIN	232041188
Plan Effective Date	1983-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund)

Total plan assets by year, all Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	393	$27M
2023	1	426	$28M
2024	1	372	$28M

Nearby Profit Sharing Plans in Pennsylvania

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

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Eastern Atlantic States Carpenters Annuity Fund $2.1B · 17,441
University of Pennsylvania Basic Plan $1.7B · 21,016
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $1.1B · 3,905
Temple University Health System, Inc. Defined Contribution Retirement Plan $763M · 10,204
Morgan, Lewis & Bockius LLP Defined Contribution Plan $714M · 2,458

Compare Iron Workers, Riggers & Machinery Movers… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund by total assets, not by location.

Burr and Burton Academy 403(b)Plan (VT) $28M · 174
Reit Management Corp. Profit Sharing Plan (NY) $28M · 15
Marana Health Center, Inc. 403b Plan (AZ) $28M · 725
Plan De Retiro 1081.01(D) Del Hospital General Menonita (PR) $28M · 4,610

Frequently Asked Questions

How did Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund assets move in 2023? ▼

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund held essentially flat - up 0.9% during 2023, from $27M to $28M. Reported net income was $292K.

How have Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund's sponsor-wide assets grew 3.3%, from $27M to $28M.

Where does Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund rank by assets among Form 5500 filers? ▼

Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund ranks in the 78th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which Profit Sharing plans are similar in size to Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Burr and Burton Academy 403(b)Plan in VT ($28M, 174 participants).

Next read for Iron Workers, Riggers & Machinery Movers…

Scale reading

Ways to act on Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund's numbers.

By total assets, Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
Iron Workers, Riggers & Machinery Movers Local 405 Annuity Fund's sponsor-wide assets have grown 3.3% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 232041188.