Profit Sharing · DOL Form 5500 · 2024

Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund Profit Sharing Plan

Data updated 2026-07-24

$231M
Total assets: 474
Participants: 95th
Percentile by assets: $488,142
Avg per participant

Official DOL plan name: Heat and Frost Insulators Local 34 Pension Fund · Sponsored by Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund · Minnesota · Construction

$231M in assets, 474 participants

Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund's Heat and Frost Insulators Local 34 Pension Fund reported $231M in total assets and 474 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Heat and Frost Insulators Local 34 Pension Fund covers 474 participants in Minnesota, about 41% of the average Minnesota filer (state average ~1,161 per filing). Assets: $231M.

$231M
total plan assets (2024 EOY): 474
covered participants: 95th
percentile by assets (of 116,472 plans): $488,142
avg assets per participant

Heat and Frost Insulators Local 34 Pension Fund reported net income fell from $30M in the plan year 2023 filing to $25M in the plan year 2024 filing.
Heat and Frost Insulators Local 34 Pension Fund end-of-year assets rose from $207M in the plan year 2023 filing to $231M in the plan year 2024 filing.
Heat and Frost Insulators Local 34 Pension Fund reported participants rose from 435 in the plan year 2023 filing to 474 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. Heat and Frost Insulators Local 34 Pension Fund reports 474 participants - about 41% of that state average ($231M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$207M
Net Assets (End of Year)	$231M
Net Income	$25M
Employer EIN	410574565
Plan Effective Date	1965-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund)

Total plan assets by year, all Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	458	$177M
2023	1	435	$207M
2024	1	474	$231M

Nearby Profit Sharing Plans in Minnesota

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

Heat and Frost Insulators Local 34 Pension Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

Pipe Trades Services Mn Pension Supplement Fund $1.8B · 6,017
Allina 403(b) Retirement Savings Plan $902M · 8,757
Fairview Health Services Pension Plan $644M · 4,702
Cargill Employee Retirement Account Plan $613M · 20,683
Regions Hospital Retirement Savings 401(k) Plan $602M · 6,323

Compare Heat and Frost Insulators Local 34 Pensi… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Heat and Frost Insulators Local 34 Pension Fund by total assets, not by location.

Iron Workers Defined Contribution Pension Fund Plan (MI) $232M · 5,319
NECA-IBEW Memphis Retirement Plan (MI) $230M · 2,755
Cfni Retirement Plan (IN) $233M · 6,376
Dillon Companies, LLC Employees' Profit Sharing Plan (KS) $234M · 1,850

Frequently Asked Questions

How did Heat and Frost Insulators Local 34 Pension Fund assets move in 2024? ▼

Heat and Frost Insulators Local 34 Pension Fund grew at a solid clip - up 11.9% during 2024, from $207M to $231M. Reported net income was $25M.

How have Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Heat and Frost Insulators Local 34 Pension Fund's sponsor-wide assets grew 30.9%, from $177M to $231M.

Where does Heat and Frost Insulators Local 34 Pension Fund rank by assets among Form 5500 filers? ▼

Heat and Frost Insulators Local 34 Pension Fund ranks in the 95th 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 Heat and Frost Insulators Local 34 Pension Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Iron Workers Defined Contribution Pension Fund Plan in MI ($232M, 5,319 participants).

Next read for Heat and Frost Insulators Local 34 Pensi…

Filing takeaways

Ways to act on Heat and Frost Insulators Local 34 Pension Fund's numbers.

By total assets, Heat and Frost Insulators Local 34 Pension 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 Heat and Frost Insulators Local 34 Pension Fund's sponsor-wide assets have grown 30.9% 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 410574565.

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.