Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund Pension Plan

Data updated 2026-07-24

$729M
Total assets: 1,891
Participants: 98th
Percentile by assets: $385,419
Avg per participant

Official DOL plan name: Iron Workers Locals 40, 361 & 417 Pension Fund · Sponsored by Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund · New York · Construction

$729M in assets, 1,891 participants

Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund's Iron Workers Locals 40, 361 & 417 Pension Fund reported $729M in total assets and 1,891 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 116,472 plans)

Coverage in New York

Iron Workers Locals 40, 361 & 417 Pension Fund covers 1,891 participants in New York, 2.4x the typical New York plan (state average ~795 per filing). Assets: $729M.

$729M
total plan assets (2024 EOY): 1,891
covered participants: 98th
percentile by assets (of 116,472 plans): $385,419
avg assets per participant

Iron Workers Locals 40, 361 & 417 Pension Fund reported net income fell from $53M in the plan year 2023 filing to $36M in the plan year 2024 filing.
Iron Workers Locals 40, 361 & 417 Pension Fund reported participants fell from 2,181 in the plan year 2023 filing to 1,891 in the plan year 2024 filing.
Iron Workers Locals 40, 361 & 417 Pension Fund end-of-year assets rose from $672M in the plan year 2023 filing to $729M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. Iron Workers Locals 40, 361 & 417 Pension Fund reports 1,891 participants - 2.4x that state average ($729M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$672M
Net Assets (End of Year)	$706M
Net Income	$36M
Employer EIN	516102576
Plan Effective Date	1955-12-14
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund)

Total plan assets by year, all Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	2,251	$642M
2023	1	2,181	$672M
2024	1	1,891	$729M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Iron Workers Locals 40, 361 & 417 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants

IBM Personal Pension Plan $17.9B · 48,014
1199seiu Health Care Employees Pension Fund $16.9B · 111,833
Consolidated Edison Retirement Plan $15.6B · 10,608
Pfizer Consolidated Pension Plan $10.0B · 8,876
GE Energy Pension Plan $8.9B · 5,829

Compare Iron Workers Locals 40, 361 & 417 Pensio… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Iron Workers Locals 40, 361 & 417 Pension Fund by total assets, not by location.

The Hershey Company Retirement Plan (PA) $730M · 2,280
Ohio Farmers Insurance Company Pension Plan (OH) $728M · 2,247
The Trane Merged Hourly Pension Plan (NC) $726M · 1,100
One Gas, Inc. Retirement Plan (OK) $726M · 670

Frequently Asked Questions

How did Iron Workers Locals 40, 361 & 417 Pension Fund assets move in 2024? ▼

Iron Workers Locals 40, 361 & 417 Pension Fund grew at a solid clip - up 8.4% during 2024, from $672M to $729M. Reported net income was $36M.

How have Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund's sponsor-wide assets grew 13.6%, from $642M to $729M.

Where does Iron Workers Locals 40, 361 & 417 Pension Fund rank by assets among Form 5500 filers? ▼

Iron Workers Locals 40, 361 & 417 Pension Fund ranks in the 98th 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 Defined Benefit (Pension) plans are similar in size to Iron Workers Locals 40, 361 & 417 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is The Hershey Company Retirement Plan in PA ($730M, 2,280 participants).

Next read for Iron Workers Locals 40, 361 & 417 Pensio…

Filing takeaways

Ways to act on Iron Workers Locals 40, 361 & 417 Pension Fund's numbers.

By total assets, Iron Workers Locals 40, 361 & 417 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 Defined Benefit (Pension) plans in New York. Compare plans
Board of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund's sponsor-wide assets have grown 13.6% 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 516102576.

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.