Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of the Twin City Carpenters and Joiners Pension Fund Pension Plan

Data updated 2026-07-24

$2.0B
Total assets: 6,440
Participants: 99th
Percentile by assets: $311,776
Avg per participant

Official DOL plan name: Twin City Carpenters and Joiners Pension Fund · Sponsored by Board of Trustees of the Twin City Carpenters and Joiners Pension Fund · Minnesota · Construction

$2.0B in assets, 6,440 participants

Board of Trustees of the Twin City Carpenters and Joiners Pension Fund's Twin City Carpenters and Joiners Pension Fund reported $2.0B in total assets and 6,440 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Twin City Carpenters and Joiners Pension Fund covers 6,440 participants in Minnesota, 5.5x the typical Minnesota plan (state average ~1,161 per filing). Assets: $2.0B.

$2.0B
total plan assets (2024 EOY): 6,440
covered participants: 99th
percentile by assets (of 116,472 plans): $311,776
avg assets per participant

Twin City Carpenters and Joiners Pension Fund end-of-year assets rose from $1.9B in the plan year 2023 filing to $2.0B in the plan year 2024 filing.
Twin City Carpenters and Joiners Pension Fund reported net income fell from $126M in the plan year 2023 filing to $122M in the plan year 2024 filing.
Twin City Carpenters and Joiners Pension Fund reported participants rose from 6,412 in the plan year 2023 filing to 6,440 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Twin City Carpenters and Joiners Pension Fund reports 6,440 participants - 5.5x that state average ($2.0B EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$1.9B
Net Assets (End of Year)	$2.0B
Net Income	$122M
Employer EIN	416043137
Plan Effective Date	1964-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of the Twin City Carpenters and Joiners Pension Fund)

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

Year	Plans	Participants	Total Assets
2022	1	6,352	$1.8B
2023	1	6,412	$1.9B
2024	1	6,440	$2.0B

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Twin City Carpenters and Joiners Pension Fund 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 Carpenters and Joiners Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Twin City Carpenters and Joiners Pension Fund by total assets, not by location.

United Parcel Service, Inc. Local 177, I.B.T Multi-Employer Retirement Plan (GA) $2.0B · 4,790
Cleveland-Cliffs Steel LLC Pension Plan (IL) $2.0B · 853
Group Retirement Income Plan No. 10 (IL) $2.0B · 2,560
Bayer Corporation Pension Plan (MO) $2.0B · 1,464

Frequently Asked Questions

How did Twin City Carpenters and Joiners Pension Fund assets move in 2024? ▼

Twin City Carpenters and Joiners Pension Fund grew at a solid clip - up 6.4% during 2024, from $1.9B to $2.0B. Reported net income was $122M.

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

Across 3 plan years on file (2022-2024), Board of Trustees of the Twin City Carpenters and Joiners Pension Fund's sponsor-wide assets grew 14.0%, from $1.8B to $2.0B.

Where does Twin City Carpenters and Joiners Pension Fund rank by assets among Form 5500 filers? ▼

Twin City Carpenters and Joiners Pension Fund ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Twin City Carpenters and Joiners Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is United Parcel Service, Inc. Local 177, I.B.T Multi-Employer Retirement Plan in GA ($2.0B, 4,790 participants).

Next read for Twin City Carpenters and Joiners Pension…

Filing takeaways

Ways to act on Twin City Carpenters and Joiners Pension Fund's numbers.

By total assets, Twin City Carpenters and Joiners Pension Fund ranks among the largest 1% of all filed plans. 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 Carpenters and Joiners Pension Fund's sponsor-wide assets have grown 14.0% 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 416043137.

Read our methodology - how this data is sourced, computed, and verified.

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