Money Purchase · DOL Form 5500 · 2024

Board of Trustees Iron Workers Local 401 Annuity Fund Money Purchase Plan

Data updated 2026-08-11

$140M
Total assets: 847
Participants: 93rd
Percentile by assets: $164,993
Avg per participant

Official DOL plan name: Iron Workers Local 401 Annuity Fund · Sponsored by Board of Trustees Iron Workers Local 401 Annuity Fund · Pennsylvania · Construction

$140M in assets, 847 participants

Board of Trustees Iron Workers Local 401 Annuity Fund's Iron Workers Local 401 Annuity Fund reported $140M in total assets and 847 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

93rd percentile by assets (of 123,622 plans)
#8,241 in Construction (9,039 peers)

Where Iron Workers Local 401 Annuity Fund sits by assets

Iron Workers Local 401 Annuity Fund sits in the top 10% of all filed plans by assets, $140M for 847 participants (~$164,993/participant), up 8.0% in 2024.

$140M
total plan assets (2024 EOY): 847
covered participants: 93rd
percentile by assets (of 123,622 plans): $164,993
avg assets per participant

Iron Workers Local 401 Annuity Fund reported net income rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.
Iron Workers Local 401 Annuity Fund reported participants fell from 995 in the plan year 2023 filing to 847 in the plan year 2024 filing.
Iron Workers Local 401 Annuity Fund end-of-year assets rose from $129M in the plan year 2023 filing to $140M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Construction

Iron Workers Local 401 Annuity Fund vs the 2024 asset distribution

By assets, Iron Workers Local 401 Annuity Fund outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$129M
Net Assets (End of Year)	$140M
Net Income	$10M
Employer EIN	232191989
Plan Effective Date	1982-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers Local 401 Annuity Fund)

Total plan assets by year, all Board of Trustees Iron Workers Local 401 Annuity Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	831	$121M
2023	1	995	$129M
2024	1	847	$140M

Nearby Money Purchase Plans in Pennsylvania

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Iron Workers Local 401 Annuity Fund vs. nearby Money Purchase plans in Pennsylvania, assets vs. participants

Central Pennsylvania Teamsters Retirement Income Plan 1987 $806M · 3,427
Duane Morris Retirement Plan $338M · 484
IBEW Local Union 375 Electricians' Retirement Plan $193M · 657
Milton Hershey School Money Purchase Pension Plan $181M · 1,500
Retirement Plan for Faculty, Administrative and Professional Employees of University of Scranton $154M · 602

Compare Iron Workers Local 401 Annuity Fund side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Iron Workers Local 401 Annuity Fund by total assets, not by location.

Defined Contribution Plan for the Employees of the American Institute of Physics (MD) $141M · 222
Bergelectric Corporation Money Purchase Pension Plan (CA) $138M · 2,204
South Central Annuity Fund (TX) $142M · 8,884
Mbia Inc. Employees Pension Plan (NY) $138M · 60

Frequently Asked Questions

How did Iron Workers Local 401 Annuity Fund assets move in 2024? ▼

Iron Workers Local 401 Annuity Fund grew at a solid clip - up 8.0% during 2024, from $129M to $140M. Reported net income was $10M.

How have Board of Trustees Iron Workers Local 401 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Local 401 Annuity Fund's sponsor-wide assets grew 15.5%, from $121M to $140M.

Where does Iron Workers Local 401 Annuity Fund rank by assets among Form 5500 filers? ▼

Iron Workers Local 401 Annuity Fund ranks in the 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which Money Purchase plans are similar in size to Iron Workers Local 401 Annuity Fund? ▼

Among Money Purchase plans in other states, the closest by assets is Defined Contribution Plan for the Employees of the American Institute of Physics in MD ($141M, 222 participants).

Next read for Iron Workers Local 401 Annuity Fund

Scale reading

Ways to act on Iron Workers Local 401 Annuity Fund's numbers.

By total assets, Iron Workers Local 401 Annuity Fund ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Money Purchase plans in Pennsylvania. Compare plans
Board of Trustees Iron Workers Local 401 Annuity Fund's sponsor-wide assets have grown 15.5% 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 232191989.