Profit Sharing · DOL Form 5500 · 2023

Insulators Local No. 23 Annuity Fund Profit Sharing Plan

Data updated 2026-08-11

$34M
Total assets: 357
Participants: 81st
Percentile by assets: $94,308
Avg per participant

Official DOL plan name: Insulators Local No. 23 Annuity Fund · Sponsored by Insulators Local No. 23 Annuity Fund · Pennsylvania · Construction

$34M in assets, 357 participants

Insulators Local No. 23 Annuity Fund's Insulators Local No. 23 Annuity Fund reported $34M in total assets and 357 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)
#7,146 in Construction (9,030 peers)

Coverage in Pennsylvania

Insulators Local No. 23 Annuity Fund covers 357 participants in Pennsylvania, about 43% of the average Pennsylvania filer (state average ~822 per filing). Assets: $34M.

$34M
total plan assets (2023 EOY): 357
covered participants: 81st
percentile by assets (of 127,072 plans): $94,308
avg assets per participant

Insulators Local No. 23 Annuity Fund reported net income fell from $1M in the plan year 2022 filing to $766K in the plan year 2023 filing.
Insulators Local No. 23 Annuity Fund reported participants fell from 401 in the plan year 2022 filing to 357 in the plan year 2023 filing.
Insulators Local No. 23 Annuity Fund end-of-year assets rose from $33M in the plan year 2022 filing to $34M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Insulators Local No. 23 Annuity Fund reports 357 participants - about 43% of that state average ($34M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$33M
Net Assets (End of Year)	$34M
Net Income	$766K
Employer EIN	251586636
Plan Effective Date	1988-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Insulators Local No. 23 Annuity Fund)

Total plan assets by year, all Insulators Local No. 23 Annuity Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	401	$33M
2023	1	357	$34M
2024	1	315	$37M

Nearby Profit Sharing Plans in Pennsylvania

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

Insulators Local No. 23 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 Insulators Local No. 23 Annuity Fund side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Insulators Local No. 23 Annuity Fund by total assets, not by location.

Sinai Health System Retirement Plan (IL) $34M · 1,717
The Heritage Foundation Retirement Plan (DC) $34M · 271
Geffen, Mesher & Co., P.C. 401(k) Plan (OR) $34M · 167
Dyke Industries, Inc. Profit Sharing Plan & Trust (AR) $34M · 596

Frequently Asked Questions

How did Insulators Local No. 23 Annuity Fund assets move in 2023? ▼

Insulators Local No. 23 Annuity Fund edged up modestly - up 2.3% during 2023, from $33M to $34M. Reported net income was $766K.

How have Insulators Local No. 23 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Insulators Local No. 23 Annuity Fund's sponsor-wide assets grew 12.3%, from $33M to $37M.

Where does Insulators Local No. 23 Annuity Fund rank by assets among Form 5500 filers? ▼

Insulators Local No. 23 Annuity Fund ranks in the 81st 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 Insulators Local No. 23 Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Sinai Health System Retirement Plan in IL ($34M, 1,717 participants).

Next read for Insulators Local No. 23 Annuity Fund

Filing takeaways

Ways to act on Insulators Local No. 23 Annuity Fund's numbers.

By total assets, Insulators Local No. 23 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
Insulators Local No. 23 Annuity Fund's sponsor-wide assets have grown 12.3% since 2022 across 3 plan years on file. More Construction 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 251586636.