Profit Sharing · DOL Form 5500 · 2024

Board of Trustees IBEW Local 1049 Profit Sharing Plan

Data updated 2026-07-24

$349M
Total assets: 3,215
Participants: 96th
Percentile by assets: $108,613
Avg per participant

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.

96th percentile by assets (of 116,472 plans)

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 ~795 per filing). Assets: $349M.

$349M
total plan assets (2024 EOY): 3,215
covered participants: 96th
percentile by assets (of 116,472 plans): $108,613
avg assets per participant

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 →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. IBEW Local 1049 Craft Annuity Fund reports 3,215 participants - 4.0x that state average ($349M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$308M
Net Assets (End of Year)	$349M
Net Income	$41M
Employer EIN	113051862
Plan Effective Date	1991-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 1049)

Total plan assets by year, all Board of Trustees IBEW Local 1049 plans on file

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

Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
Mason Tenders District Council Annuity Fund $944M · 11,824

Compare IBEW Local 1049 Craft Annuity Fund side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to IBEW Local 1049 Craft Annuity Fund by total assets, not by location.

Indiana State Council of Plasterers & Cement Mason Pension Fund (IN) $349M · 1,910
Carpenter Co. Profit-Sharing Plan (VA) $348M · 2,152
Dyno Nobel Inc. and Subsidiaries Tax-Favored Retirement Savings and Investment Plan (UT) $350M · 2,569
Bricklayers Local 1 of PA/De Annuity Fund (PA) $348M · 2,379

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 116,472 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).

Next read for IBEW Local 1049 Craft Annuity Fund

Filing takeaways

Ways to act on IBEW Local 1049 Craft Annuity Fund's numbers.

By total assets, IBEW Local 1049 Craft Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
Board of Trustees IBEW Local 1049's sponsor-wide assets have grown 34.0% 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 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.