Profit Sharing · DOL Form 5500 · 2023
Trustees of Buffalo Laborers Security Fund Profit Sharing Plan
Data updated 2026-08-11
- $35M
- Total assets
- 1,208
- Participants
- 81st
- Percentile by assets
- $28,874
- Avg per participant
Official DOL plan name: Buffalo Laborers Security Fund · Sponsored by Trustees of Buffalo Laborers Security Fund · New York · Construction
$35M in assets, 1,208 participants
Trustees of Buffalo Laborers Security Fund's Buffalo Laborers Security Fund reported $35M in total assets and 1,208 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.
- 81st percentile by assets (of 127,072 plans)
- #7,190 in Construction (9,030 peers)
Where Buffalo Laborers Security Fund sits by assets
Buffalo Laborers Security Fund sits in the top quartile of all filed plans by assets, $35M for 1,208 participants (~$28,874/participant), up 24.0% in 2023.
- $35M
- total plan assets (2023 EOY)
- 1,208
- covered participants
- 81st
- percentile by assets (of 127,072 plans)
- $28,874
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Buffalo Laborers Security Fund reported net income rose from $1M in the plan year 2022 filing to $6M in the plan year 2023 filing.
- Buffalo Laborers Security Fund end-of-year assets rose from $28M in the plan year 2022 filing to $35M in the plan year 2023 filing.
- Buffalo Laborers Security Fund reported participants fell from 1,282 in the plan year 2022 filing to 1,208 in the plan year 2023 filing.
Buffalo Laborers Security Fund vs the 2023 asset distribution
By assets, Buffalo Laborers Security Fund outranks 81% 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) | $28M |
|---|---|
| Net Assets (End of Year) | $34M |
| Net Income | $6M |
| Employer EIN | 161605100 |
| Plan Effective Date | 2001-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Buffalo Laborers Security Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,282 | $28M |
| 2023 | 1 | 1,208 | $35M |
| 2024 | 1 | 1,099 | $42M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Buffalo Laborers Security Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Plan of the Electrical Industry $2.2B · 18,907
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.9B · 3,402
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.7B · 5,807
- The Research Foundation for Suny Retirement Plan $1.2B · 10,120
- Mason Tenders District Council Annuity Fund $913M · 11,237
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Buffalo Laborers Security Fund by total assets, not by location.
Frequently Asked Questions
How did Buffalo Laborers Security Fund assets move in 2023? ▼
How have Trustees of Buffalo Laborers Security Fund plan assets changed over time? ▼
Where does Buffalo Laborers Security Fund rank by assets among Form 5500 filers? ▼
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Next read for Buffalo Laborers Security Fund
Scale reading
Ways to act on Buffalo Laborers Security Fund's numbers.
- By total assets, Buffalo Laborers Security 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 New York. Compare plans
- Trustees of Buffalo Laborers Security Fund's sponsor-wide assets have grown 49.5% since 2022 across 3 plan years on file. More Construction plans