Profit Sharing · DOL Form 5500 · 2024

Board of Trustees of Local 40 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
106
Participants Small participant base
59th
Percentile by assets National rank
$108,100
Avg per participant Below avg balance/head
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Official DOL plan name: International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund · Sponsored by Board of Trustees of Local 40 Annuity Fund · Florida · Construction

$11M in assets, 106 participants

Board of Trustees of Local 40 Annuity Fund's International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reported $11M in total assets and 106 participants in its 2024 DOL Form 5500 filing, ranking in the 59th 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.

  • #5,138 in Construction (9,039 peers)

Coverage in Florida

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund covers 106 participants in Florida, about 17% of the average Florida filer (state average ~628 per filing). Assets: $11M.

#5,138
in Construction (9,039 peers)
+8.4%
assets growth YoY

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund's mid-pack asset rank among Construction and all filers

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund vs every filed plan by assets

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

$11,458,638 Top 41% higher than 59% 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

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity 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. International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund sits mid-pack in the medium band (106 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reported net income fell from $1M in the plan year 2023 filing to $887K in the plan year 2024 filing.
  • International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund reported participants fell from 135 in the plan year 2023 filing to 106 in the plan year 2024 filing.
  • International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund end-of-year assets rose from $11M in the plan year 2023 filing to $11M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 141514924 · Board of Trustees of Local 40 Annuity Fund PY 2024 · Profit Sharing

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund · $11M · 106 · 59th

  • TYPE $11M
  • TYPE 106
  • TYPE 59th
  • TYPE Profit Sharing
  • TYPE near The Arc of Frederick County Tax Deferred Savings Plan
  • TYPE ind #5138

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 Florida →

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund in the asset neighbourhood

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity FundInternational Association of…$11MThe Arc of Frederick County Tax Deferred Savings PlanThe Arc of Frederick County …$11MInternational Union of Operating Engineers Staff Retirement PlanInternational Union of Opera…$11MBacon County Hospital Tax Sheltered Annuity PlanBacon County Hospital Tax Sh…$11MIatse Local 27 Profit Sharing PlanIatse Local 27 Profit Sharin…$11M
End-of-year total assets ($M) among International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Florida filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$11M
Net Income$887K
Employer EIN141514924
Plan Effective Date1988-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Local 40 Annuity Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Local 40 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$11M 17.218042266934958% vs 2022
2024 filing year
$9M$10M$11M$12M 202220232024 $9.78M $11.5M ▲ +17.2%
Year Plans Participants Total Assets
2022 1 121 $10M
2023 1 135 $11M
2024 1 106 $11M

Nearby Profit Sharing Plans in Florida

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

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund vs. nearby Profit Sharing plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246 Total assets ($B) Participants International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund, Total assets ($B): 0.011458638 · Participants: 106International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity FundRetirement Wealth Builder Plan of Pwc, Total assets ($B): 5.704422812 · Participants: 45185Retirement Wealth Builder Plan of PwcRaymond James Financial, Inc. & Affiliates Profit Sharing Plan, Total assets ($B): 1.346943817 · Participants: 16046Raymond James Financial, Inc. & Affiliates Profit Sharing PlanShands Health Care Matched Savings Account 401(a), Total assets ($B): 0.486868039 · Participants: 10470Shands Health Care Matched Savings Account 401(a)Orlando Health, Inc. Retirement Savings Plan 401a, Total assets ($B): 0.458034121 · Participants: 27976Orlando Health, Inc. Retirement Savings Plan 401aAmerican Maritime Officers Defined Contribution Plan, Total assets ($B): 0.357314038 · Participants: 4201American Maritime Officers Defined Contribution Plan
International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund vs. nearby Profit Sharing plans in Florida, assets vs. participants

International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Florida, the nearest Profit Sharing by assets is The Arc of Frederick County Tax Deferred Savings Plan in MD ($11M); by covered participants it is Vista Manufacturing Inc., 401(k) Plan in MI (106 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (106 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 International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund assets move in 2024?
International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund grew at a solid clip - up 8.4% during 2024, from $11M to $11M. Reported net income was $887K.
How have Board of Trustees of Local 40 Annuity Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trustees of Local 40 Annuity Fund's sponsor-wide assets grew 17.2%, from $10M to $11M.
Which Profit Sharing plans are similar in size to International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund?
Among Profit Sharing plans in other states, the closest by assets is The Arc of Frederick County Tax Deferred Savings Plan in MD ($11M, 253 participants).
Which Profit Sharing plans cover a similar participant headcount to International Association of Heat and Frost Insulators and Allied Workers Local No. 40 Annuity Fund?
Among Profit Sharing plans in other states, the closest by covered participants is Vista Manufacturing Inc., 401(k) Plan in MI (106 participants, $4M in assets).