Profit Sharing · DOL Form 5500 · 2024

Board of Trustees IBEW Local 1049 Profit Sharing Plan

Data updated 2026-08-25

$349M
Total assets Above avg plan size
3,215
Participants Above avg headcount
96th
Percentile by assets National rank
$108,613
Avg per participant Below avg balance/head
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Official DOL plan name: IBEW Local 1049 Craft Annuity Fund · Sponsored by Board of Trustees IBEW Local 1049 · New York · Construction

$349M in assets, 3,215 participants

Board of Trustees IBEW Local 1049's IBEW Local 1049 Craft Annuity Fund reported $349M in total assets and 3,215 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,650 in Construction (9,039 peers)

Coverage in New York

IBEW Local 1049 Craft Annuity Fund covers 3,215 participants in New York, 4.0x the typical New York plan (state average ~798 per filing). Assets: $349M.

#8,650
in Construction (9,039 peers)
+13.3%
assets growth YoY
3.5×
vs typical plan assets (national mean)

IBEW Local 1049 Craft Annuity Fund's outsized position by total assets

IBEW Local 1049 Craft Annuity Fund vs every filed plan by assets

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

$349,192,053 Top 4% higher than 96% 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

IBEW Local 1049 Craft Annuity Fund's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 1049 Craft Annuity Fund lands in the large band (3,215 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 1049 Craft Annuity Fund reported net income fell from $47M in the plan year 2023 filing to $41M in the plan year 2024 filing.
  • IBEW Local 1049 Craft Annuity Fund end-of-year assets rose from $308M in the plan year 2023 filing to $349M in the plan year 2024 filing.
  • IBEW Local 1049 Craft Annuity Fund reported participants rose from 3,061 in the plan year 2023 filing to 3,215 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 113051862 · Board of Trustees IBEW Local 1049 PY 2024 · Profit Sharing

IBEW Local 1049 Craft Annuity Fund · $349M · 3,215 · 96th

  • PART $349M
  • TYPE 3,215
  • NET 96th
  • BOOK Profit Sharing
  • VS-ST near Indiana State Council of Plasterers & Cement Mason Pension Fund
  • BOY ind #8650

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 New York →

IBEW Local 1049 Craft Annuity Fund in the asset neighbourhood

Dyno Nobel Inc. and Subsidiaries Tax-Favored Retirement Savings and Investment PlanDyno Nobel Inc. and Subsidia…$350MIBEW Local 1049 Craft Annuity FundIBEW Local 1049 Craft Annuit…$349MIndiana State Council of Plasterers & Cement Mason Pension FundIndiana State Council of Pla…$349MCarpenter Co. Profit-Sharing PlanCarpenter Co. Profit-Sharing…$348MBricklayers Local 1 of PA/De Annuity FundBricklayers Local 1 of PA/De…$348M
End-of-year total assets ($M) among IBEW Local 1049 Craft Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$308M
Net Assets (End of Year)$349M
Net Income$41M
Employer EIN113051862
Plan Effective Date1991-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 1049)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 1049 plans reported in each filing year

Latest sponsor-wide plan assets
$349M 33.98733777795921% vs 2022
2024 filing year
$250M$300M$350M$400M 202220232024 $261M $349M ▲ +34.0%
Year Plans Participants Total Assets
2022 1 3,163 $261M
2023 1 3,061 $308M
2024 1 3,215 $349M

Nearby Profit Sharing Plans in New York

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

IBEW Local 1049 Craft Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 00.511.522.5 Total assets ($B) Participants IBEW Local 1049 Craft Annuity Fund, Total assets ($B): 0.349192053 · Participants: 3215IBEW Local 1049 Craft Annuity FundAnnuity Plan of the Electrical Industry, Total assets ($B): 2.296401236 · Participants: 18200Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 2.056246349 · Participants: 3278Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.821807482 · Participants: 5817Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for the State University of New York Retirement Plan, Total assets ($B): 1.269293939 · Participants: 9758The Research Foundation for the State University of New York Retirement PlanRochester Regional Health 403(b) Defined Contribution Plan, Total assets ($B): 0.987006461 · Participants: 15432Rochester Regional Health 403(b) Defined Contribution Plan
IBEW Local 1049 Craft Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare IBEW Local 1049 Craft Annuity Fund side-by-side with 3 peers →

IBEW Local 1049 Craft Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Indiana State Council of Plasterers & Cement Mason Pension Fund in IN ($349M); by covered participants it is Gilster-Mary Lee Corp Employees Profit Sharing Retirement Trust in IL (3,212 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,215 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 IBEW Local 1049 Craft Annuity Fund assets move in 2024? ▼
IBEW Local 1049 Craft Annuity Fund grew at a solid clip - up 13.3% during 2024, from $308M to $349M. Reported net income was $41M.
How have Board of Trustees IBEW Local 1049 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 1049's sponsor-wide assets grew 34.0%, from $261M to $349M.
Where does IBEW Local 1049 Craft Annuity Fund rank by assets among Form 5500 filers? ▼
IBEW Local 1049 Craft Annuity Fund ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local 1049 Craft Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Indiana State Council of Plasterers & Cement Mason Pension Fund in IN ($349M, 1,910 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 1049 Craft Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Gilster-Mary Lee Corp Employees Profit Sharing Retirement Trust in IL (3,212 participants, $13M 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 113051862.

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.