Profit Sharing · DOL Form 5500 · 2024

Board of Trustees of Bac Local 1 Supplemental Retirement Fund Profit Sharing Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
358
Participants Below avg headcount
65th
Percentile by assets National rank
$42,499
Avg per participant Low balance/head
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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.

  • #5,710 in Construction (9,039 peers)

Coverage in Minnesota

Bac 1 Supplemental Retirement Fund covers 358 participants in Minnesota, about 32% of the average Minnesota filer (state average ~1,126 per filing). Assets: $15M.

#5,710
in Construction (9,039 peers)
+11.0%
assets growth YoY

Bac 1 Supplemental Retirement Fund's mid-pack asset rank among Construction and all filers

Bac 1 Supplemental Retirement Fund vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$15,214,766 Top 35% higher than 65% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Bac 1 Supplemental Retirement Fund among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bac 1 Supplemental Retirement Fund sits mid-pack in the medium band (358 participants).

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 411868381 · Board of Trustees of Bac Local 1 Supplemental Retirement Fund PY 2024 · Profit Sharing

Bac 1 Supplemental Retirement Fund · $15M · 358 · 65th

  • TYPE $15M
  • TYPE 358
  • TYPE 65th
  • TYPE Profit Sharing
  • TYPE near The Employees Retirement Plan of Coburn Supply Company, Inc.
  • TYPE ind #5710

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Minnesota →

Bac 1 Supplemental Retirement Fund in the asset neighbourhood

The Employees Retirement Plan of Coburn Supply Company, Inc.The Employees Retirement Pla…$15MBac 1 Supplemental Retirement FundBac 1 Supplemental Retiremen…$15MInterim, Incorporated 403(b) PlanInterim, Incorporated 403(b)…$15MNephrology Associates of Lancaster, Ltd Profit Sharing Plan and TrustNephrology Associates of Lan…$15MNew Hope Community, Inc. Retirement PlanNew Hope Community, Inc. Ret…$15M
End-of-year total assets ($M) among Bac 1 Supplemental Retirement Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$2M
Employer EIN411868381
Plan Effective Date1997-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Bac Local 1 Supplemental Retirement Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Bac Local 1 Supplemental Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$15M 27.786515379887476% vs 2022
2024 filing year
$11M$12M$13M$14M$15M$16M 202220232024 $11.9M $15.2M ▲ +27.7%
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 Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.52 Total assets ($B) Participants Bac 1 Supplemental Retirement Fund, Total assets ($B): 0.015214766 · Participants: 358Bac 1 Supplemental Retirement FundPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.820221913 · Participants: 6017Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.902491999 · Participants: 8757Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.64405166 · Participants: 4702Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.612718536 · Participants: 20683Cargill Employee Retirement Account PlanRegions Hospital Retirement Savings 401(k) Plan, Total assets ($B): 0.601951844 · Participants: 6323Regions Hospital Retirement Savings 401(k) Plan
Bac 1 Supplemental Retirement Fund vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Bac 1 Supplemental Retirement Fund side-by-side with 3 peers →

Bac 1 Supplemental Retirement Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is The Employees Retirement Plan of Coburn Supply Company, Inc. in TX ($15M); by covered participants it is Artis Naples, Inc. Retirement Plan in FL (358 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (358 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bac 1 Supplemental Retirement Fund assets move in 2024? ▼
Bac 1 Supplemental Retirement Fund grew at a solid clip - up 11.0% during 2024, from $14M to $15M. Reported net income was $2M.
How have Board of Trustees of Bac Local 1 Supplemental Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Bac Local 1 Supplemental Retirement Fund's sponsor-wide assets grew 27.8%, from $12M to $15M.
Which Profit Sharing plans are similar in size to Bac 1 Supplemental Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is The Employees Retirement Plan of Coburn Supply Company, Inc. in TX ($15M, 40 participants).
Which Profit Sharing plans cover a similar participant headcount to Bac 1 Supplemental Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Artis Naples, Inc. Retirement Plan in FL (358 participants, $38M in assets).

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.

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