Money Purchase · DOL Form 5500 · 2024

IBEW Local 241 Money Purchase Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
179
Participants Small participant base
80th
Percentile by assets National rank
$201,620
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local #241 Annuity Plan · Sponsored by IBEW Local 241 · New York · Construction

$36M in assets, 179 participants

IBEW Local 241's IBEW Local #241 Annuity Plan reported $36M in total assets and 179 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #7,087 in Construction (9,039 peers)

Coverage in New York

IBEW Local #241 Annuity Plan covers 179 participants in New York, about 22% of the average New York filer (state average ~798 per filing). Assets: $36M.

#7,087
in Construction (9,039 peers)
+7.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local #241 Annuity Plan's outsized position by total assets

IBEW Local #241 Annuity Plan vs every filed plan by assets

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

$36,090,060 Top 20% higher than 80% 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 #241 Annuity Plan 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. IBEW Local #241 Annuity Plan sits mid-pack in the medium band (179 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local #241 Annuity Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • IBEW Local #241 Annuity Plan reported participants fell from 196 in the plan year 2023 filing to 179 in the plan year 2024 filing.
  • IBEW Local #241 Annuity Plan end-of-year assets rose from $34M in the plan year 2023 filing to $36M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 166118689 · IBEW Local 241 PY 2024 · Money Purchase

IBEW Local #241 Annuity Plan · $36M · 179 · 80th

  • SCH $36M
  • EBSA 179
  • PART 80th
  • TYPE Money Purchase
  • NET near Redwood Credit Union Target Benefit Plan
  • BOOK ind #7087

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 #241 Annuity Plan in the asset neighbourhood

Iatse Local 38 Pension Plan$36MB.P. Huddleston & Company Money Purchase Pension PlanB.P. Huddleston & Company Mo…$36MRedwood Credit Union Target Benefit PlanRedwood Credit Union Target …$36MIBEW Local #241 Annuity Plan$36MEast Bay Restaurant & Tavern Retirement PlanEast Bay Restaurant & Tavern…$36M
End-of-year total assets ($M) among IBEW Local #241 Annuity Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$36M
Net Income$2M
Employer EIN166118689
Plan Effective Date1983-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 241)

Sponsor-wide plan assets over time

All IBEW Local 241 plans reported in each filing year

Latest sponsor-wide plan assets
$63M 18.271093043013487% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.6M $63.4M ▲ +18.3%
Year Plans Participants Total Assets
2022 2 305 $54M
2023 2 314 $59M
2024 2 298 $63M

Nearby Money Purchase Plans in New York

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

IBEW Local #241 Annuity Plan vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants IBEW Local #241 Annuity Plan, Total assets ($B): 0.03609006 · Participants: 179IBEW Local #241 Annuity PlanTiaa Retirement Plan, Total assets ($B): 5.903718286 · Participants: 11906Tiaa Retirement PlanYoung Men's Christian Association Retirement Fund Retirement Plan, Total assets ($B): 3.876243 · Participants: 47199Young Men's Christian Association Retirement Fund Retirement PlanMcKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan, Total assets ($B): 2.152151099 · Participants: 15274McKinsey & Company, Inc. (Mppp) Money Purchase Pension PlanBrookhaven Science Associates, LLC Retirement Plan, Total assets ($B): 1.539461125 · Participants: 2624Brookhaven Science Associates, LLC Retirement PlanIron Workers Locals 40, 361 & 417 Annuity Fund, Total assets ($B): 1.218944937 · Participants: 2357Iron Workers Locals 40, 361 & 417 Annuity Fund
IBEW Local #241 Annuity Plan vs. nearby Money Purchase plans in New York, assets vs. participants
Compare IBEW Local #241 Annuity Plan side-by-side with 3 peers →

IBEW Local #241 Annuity Plan's out-of-state Money Purchase peers by assets and headcount

Outside New York, the nearest Money Purchase by assets is Redwood Credit Union Target Benefit Plan in CA ($36M); by covered participants it is Texas A&m Foundation Employees' Pension Plan in TX (179 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($36M here).

Similar participant headcount

Nearest other-state filings by covered participants (179 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 #241 Annuity Plan assets move in 2024? ▼
IBEW Local #241 Annuity Plan grew at a solid clip - up 7.0% during 2024, from $34M to $36M. Reported net income was $2M.
How have IBEW Local 241 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 241's sponsor-wide assets grew 18.3%, from $54M to $63M.
Where does IBEW Local #241 Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local #241 Annuity Plan ranks in the 80th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Money Purchase plans are similar in size to IBEW Local #241 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Redwood Credit Union Target Benefit Plan in CA ($36M, 111 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local #241 Annuity Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Texas A&m Foundation Employees' Pension Plan in TX (179 participants, $46M 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 166118689.

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.