Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of the Twin City Ironworkers Pension Fund Pension Plan

Data updated 2026-08-11

$454M
Total assets: 1,387
Participants: 97th
Percentile by assets: $327,234
Avg per participant

Official DOL plan name: Twin City Ironworkers Pension Plan · Sponsored by Board of Trustees of the Twin City Ironworkers Pension Fund · Minnesota · Construction

$454M in assets, 1,387 participants

Board of Trustees of the Twin City Ironworkers Pension Fund's Twin City Ironworkers Pension Plan reported $454M in total assets and 1,387 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 123,622 plans)
#8,731 in Construction (9,039 peers)

Where Twin City Ironworkers Pension Plan sits by assets

Twin City Ironworkers Pension Plan sits in the top 5% of all filed plans by assets, $454M for 1,387 participants (~$327,234/participant), up 5.1% in 2024.

$454M
total plan assets (2024 EOY): 1,387
covered participants: 97th
percentile by assets (of 123,622 plans): $327,234
avg assets per participant

Twin City Ironworkers Pension Plan reported net income fell from $24M in the plan year 2023 filing to $22M in the plan year 2024 filing.
Twin City Ironworkers Pension Plan end-of-year assets rose from $432M in the plan year 2023 filing to $454M in the plan year 2024 filing.
Twin City Ironworkers Pension Plan reported participants rose from 1,353 in the plan year 2023 filing to 1,387 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Construction

Twin City Ironworkers Pension Plan vs the 2024 asset distribution

By assets, Twin City Ironworkers Pension Plan outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$432M
Net Assets (End of Year)	$454M
Net Income	$22M
Employer EIN	416084127
Plan Effective Date	1967-05-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees of the Twin City Ironworkers Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	1,322	$408M
2023	1	1,353	$432M
2024	1	1,387	$454M

Nearby Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Twin City Ironworkers Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants

Mayo Pension Plan $11.8B · 71,743
3M Employee Retirement Income Plan $8.9B · 9,132
Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
U.S. Bank Pension Plan $4.4B · 62,822
The Travelers Pension Plan $4.2B · 27,237

Compare Twin City Ironworkers Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Twin City Ironworkers Pension Plan by total assets, not by location.

Upstate New York Engineers Pension Fund (NY) $455M · 2,025
Cement Masons and Plasterers Retirement Plan (WA) $455M · 1,650
Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund (WV) $453M · 1,685
Teamsters' Local 301 Pension Plan (IL) $452M · 763

Frequently Asked Questions

How did Twin City Ironworkers Pension Plan assets move in 2024? ▼

Twin City Ironworkers Pension Plan grew at a solid clip - up 5.1% during 2024, from $432M to $454M. Reported net income was $22M.

How have Board of Trustees of the Twin City Ironworkers Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of the Twin City Ironworkers Pension Fund's sponsor-wide assets grew 11.2%, from $408M to $454M.

Where does Twin City Ironworkers Pension Plan rank by assets among Form 5500 filers? ▼

Twin City Ironworkers Pension Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Twin City Ironworkers Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Upstate New York Engineers Pension Fund in NY ($455M, 2,025 participants).

Next read for Twin City Ironworkers Pension Plan

Scale reading

Ways to act on Twin City Ironworkers Pension Plan's numbers.

By total assets, Twin City Ironworkers Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
Board of Trustees of the Twin City Ironworkers Pension Fund's sponsor-wide assets have grown 11.2% 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 416084127.