Profit Sharing · DOL Form 5500 · 2024

Board of Trustees of the Twin City Ironworkers DC Pension Fund Profit Sharing Plan

Data updated 2026-07-24

$380M
Total assets
2,654
Participants
96th
Percentile by assets
$143,011
Avg per participant
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Official DOL plan name: Twin City Ironworkers Defined Contribution Fund · Sponsored by Board of Trustees of the Twin City Ironworkers DC Pension Fund · Minnesota · Construction

$380M in assets, 2,654 participants

Board of Trustees of the Twin City Ironworkers DC Pension Fund's Twin City Ironworkers Defined Contribution Fund reported $380M in total assets and 2,654 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • 96th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Twin City Ironworkers Defined Contribution Fund covers 2,654 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,161 per filing). Assets: $380M.

$380M
total plan assets (2024 EOY)
2,654
covered participants
96th
percentile by assets (of 116,472 plans)
$143,011
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Twin City Ironworkers Defined Contribution Fund end-of-year assets rose from $322M in the plan year 2023 filing to $380M in the plan year 2024 filing.
  • Twin City Ironworkers Defined Contribution Fund reported net income fell from $62M in the plan year 2023 filing to $58M in the plan year 2024 filing.
  • Twin City Ironworkers Defined Contribution Fund reported participants rose from 2,539 in the plan year 2023 filing to 2,654 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Twin City Ironworkers Defined Contribution Fund reports 2,654 participants - 2.3x that state average ($380M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$322M
Net Assets (End of Year)$380M
Net Income$58M
Employer EIN411876222
Plan Effective Date1997-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the Twin City Ironworkers DC Pension Fund)

$200M$250M$300M$350M$400M 202220232024 $260M $380M â–˛ +46.2%
Total plan assets by year, all Board of Trustees of the Twin City Ironworkers DC Pension Fund plans on file
Year Plans Participants Total Assets
2022 1 2,463 $260M
2023 1 2,539 $322M
2024 1 2,654 $380M

Nearby Profit Sharing Plans in Minnesota

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

Twin City Ironworkers Defined Contribution Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

Twin City Ironworkers Defined Contribution Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants Scatter plot of 6 data points. 0500010000150002000025000 00.511.52 Total assets ($B) Participants Twin City Ironworker…Pipe Trades Services…Allina 403(b) Retire…Fairview Health Serv…Cargill Employee Ret…Regions Hospital Ret…
Twin City Ironworkers Defined Contribution Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Twin City Ironworkers Defined Contribution Fund by total assets, not by location.

Frequently Asked Questions

How did Twin City Ironworkers Defined Contribution Fund assets move in 2024?
Twin City Ironworkers Defined Contribution Fund grew sharply - up 18.0% during 2024, from $322M to $380M. Reported net income was $58M.
How have Board of Trustees of the Twin City Ironworkers DC Pension Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trustees of the Twin City Ironworkers DC Pension Fund's sponsor-wide assets grew 46.2%, from $260M to $380M.
Where does Twin City Ironworkers Defined Contribution Fund rank by assets among Form 5500 filers?
Twin City Ironworkers Defined Contribution Fund ranks in the 96th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Twin City Ironworkers Defined Contribution Fund?
Among Profit Sharing plans in other states, the closest by assets is Retirement Plan for Employees Represented by Sheet Metal Workers Local Union 18 in WI ($374M, 1,894 participants).

Next read for Twin City Ironworkers Defined Contributi…

Filing takeaways

Ways to act on Twin City Ironworkers Defined Contribution Fund's numbers.

  • By total assets, Twin City Ironworkers Defined Contribution Fund ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Profit Sharing plans in Minnesota. Compare plans
  • Board of Trustees of the Twin City Ironworkers DC Pension Fund's sponsor-wide assets have grown 46.2% 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411876222.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.