Profit Sharing · DOL Form 5500 · 2024
Board of Trustees of Bac Local 1 Supplemental Retirement Fund Profit Sharing Plan
Data updated 2026-08-06
- $15M
- Total assets
- 358
- Participants
- 65th
- Percentile by assets
- $42,499
- Avg per participant
Official DOL plan name: Bac 1 Supplemental Retirement Fund · Sponsored by Board of Trustees of Bac Local 1 Supplemental Retirement Fund · Minnesota · Construction
$15M in assets, 358 participants
Board of Trustees of Bac Local 1 Supplemental Retirement Fund's Bac 1 Supplemental Retirement Fund reported $15M in total assets and 358 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.
- 65th percentile by assets (of 116,472 plans)
Coverage in Minnesota
Bac 1 Supplemental Retirement Fund covers 358 participants in Minnesota, about 31% of the average Minnesota filer (state average ~1,161 per filing). Assets: $15M.
- $15M
- total plan assets (2024 EOY)
- 358
- covered participants
- 65th
- percentile by assets (of 116,472 plans)
- $42,499
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Bac 1 Supplemental Retirement Fund reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Bac 1 Supplemental Retirement Fund end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.
- Bac 1 Supplemental Retirement Fund reported participants rose from 348 in the plan year 2023 filing to 358 in the plan year 2024 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Bac 1 Supplemental Retirement Fund reports 358 participants - about 31% of that state average ($15M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $15M |
| Net Income | $2M |
| Employer EIN | 411868381 |
| Plan Effective Date | 1997-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Bac Local 1 Supplemental Retirement Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 378 | $12M |
| 2023 | 1 | 348 | $14M |
| 2024 | 1 | 358 | $15M |
Nearby Profit Sharing Plans in Minnesota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Bac 1 Supplemental Retirement 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
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Bac 1 Supplemental Retirement Fund by total assets, not by location.
- The Employees Retirement Plan of Coburn Supply Company, Inc. (TX) $15M · 40
- Nephrology Associates of Lancaster, Ltd Profit Sharing Plan and Trust (PA) $15M · 32
- New Hope Community, Inc. Retirement Plan (NY) $15M · 497
- Warren General Hospital 403(b) Supplemental Pension for Professional Employees (PA) $15M · 157
Frequently Asked Questions
How did Bac 1 Supplemental Retirement Fund assets move in 2024? ▼
How have Board of Trustees of Bac Local 1 Supplemental Retirement Fund plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to Bac 1 Supplemental Retirement Fund? ▼
Next read for Bac 1 Supplemental Retirement Fund
Filing takeaways
Ways to act on Bac 1 Supplemental Retirement Fund's numbers.
- By total assets, Bac 1 Supplemental Retirement Fund ranks above the median plan 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 Bac Local 1 Supplemental Retirement Fund's sponsor-wide assets have grown 27.8% 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 411868381.
Read our methodology - how this data is sourced, computed, and verified.