Profit Sharing · DOL Form 5500 · 2024
Tmt Bac Local Union #7 Profit Sharing Plan
Data updated 2026-07-24
- $214M
- Total assets
- 1,234
- Participants
- 95th
- Percentile by assets
- $173,258
- Avg per participant
Official DOL plan name: The Local 7 Tile Industry Annuity Fund · Sponsored by Tmt Bac Local Union #7 · New York · Construction
$214M in assets, 1,234 participants
Tmt Bac Local Union #7's The Local 7 Tile Industry Annuity Fund reported $214M in total assets and 1,234 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 116,472 plans)
Where The Local 7 Tile Industry Annuity Fund sits by assets
The Local 7 Tile Industry Annuity Fund sits in the top 5% of all filed plans by assets, $214M for 1,234 participants (~$173,258/participant), up 8.9% in 2024.
- $214M
- total plan assets (2024 EOY)
- 1,234
- covered participants
- 95th
- percentile by assets (of 116,472 plans)
- $173,258
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Local 7 Tile Industry Annuity Fund reported net income rose from $11M in the plan year 2023 filing to $18M in the plan year 2024 filing.
- The Local 7 Tile Industry Annuity Fund reported participants fell from 1,462 in the plan year 2023 filing to 1,234 in the plan year 2024 filing.
- The Local 7 Tile Industry Annuity Fund end-of-year assets rose from $196M in the plan year 2023 filing to $214M in the plan year 2024 filing.
The Local 7 Tile Industry Annuity Fund vs the 2024 asset distribution
By assets, The Local 7 Tile Industry Annuity Fund outranks 95% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.1x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $196M |
|---|---|
| Net Assets (End of Year) | $213M |
| Net Income | $18M |
| Employer EIN | 386829765 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tmt Bac Local Union #7)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,465 | $186M |
| 2023 | 1 | 1,462 | $196M |
| 2024 | 1 | 1,234 | $214M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
The Local 7 Tile Industry 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
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to The Local 7 Tile Industry Annuity Fund by total assets, not by location.
- Three Rivers Annuity Fund (OH) $214M · 960
- IBEW-NECA Retirement Plan (MO) $213M · 632
- Cc Industries and Affiliates Profit Sharing Plan for Salaried Employees (IL) $214M · 335
- Willamette University Defined Contribution Retirement Plan (OR) $212M · 730
Frequently Asked Questions
How did The Local 7 Tile Industry Annuity Fund assets move in 2024? ▼
How have Tmt Bac Local Union #7 plan assets changed over time? ▼
Where does The Local 7 Tile Industry Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to The Local 7 Tile Industry Annuity Fund? ▼
Next read for The Local 7 Tile Industry Annuity Fund
Scale reading
Ways to act on The Local 7 Tile Industry Annuity Fund's numbers.
- By total assets, The Local 7 Tile Industry 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
- Tmt Bac Local Union #7's sponsor-wide assets have grown 15.2% 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 386829765.
Read our methodology - how this data is sourced, computed, and verified.