Money Purchase · DOL Form 5500 · 2024

Board of Trustees Iron Workers Local 580 Shop Annuity Fund Money Purchase Plan

Data updated 2026-08-11

$8M
Total assets
43
Participants
51st
Percentile by assets
$184,487
Avg per participant
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Official DOL plan name: Iron Workers Local 580 Shop Annuity Fund · Sponsored by Board of Trustees Iron Workers Local 580 Shop Annuity Fund · New York · Construction

$8M in assets, 43 participants

Board of Trustees Iron Workers Local 580 Shop Annuity Fund's Iron Workers Local 580 Shop Annuity Fund reported $8M in total assets and 43 participants in its 2024 DOL Form 5500 filing, ranking in the 51st 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.

  • 51st percentile by assets (of 123,622 plans)
  • #4,459 in Construction (9,039 peers)

What the 2024 filing shows

Iron Workers Local 580 Shop Annuity Fund holds $8M for 43 participants - about $184,487 per participant, above the median plan by assets.

$8M
total plan assets (2024 EOY)
43
covered participants
51st
percentile by assets (of 123,622 plans)
$184,487
avg assets per participant

The plan reported a net loss of $150K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Iron Workers Local 580 Shop Annuity Fund sits by total assets

Iron Workers Local 580 Shop Annuity Fund vs every filed plan by assets

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

$7,932,945 Top 49% higher than 51% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Iron Workers Local 580 Shop Annuity Fund reported net income fell from $534K in the plan year 2023 filing to -$150K in the plan year 2024 filing.
  • Iron Workers Local 580 Shop Annuity Fund reported participants fell from 47 in the plan year 2023 filing to 43 in the plan year 2024 filing.
  • Iron Workers Local 580 Shop Annuity Fund end-of-year assets fell from $8M in the plan year 2023 filing to $8M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
New York
Industry
Construction

Money Purchase filing for Iron Workers Local 580 Shop Annuity Fund

Money Purchase filing for plan year 2024: EIN 237118930 ; effective since 1970-07-30 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.

Filing particulars (2024)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income-$150K
Employer EIN237118930
Plan Effective Date1970-07-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Iron Workers Local 580 Shop Annuity Fund)

$7.4M$7.6M$7.8M$8M$8.2M$8.4M 202220232024 $7.63M $7.93M ▲ +3.9%
Total plan assets by year, all Board of Trustees Iron Workers Local 580 Shop Annuity Fund plans on file
Year Plans Participants Total Assets
2022 1 48 $8M
2023 1 47 $8M
2024 1 43 $8M

Nearby Money Purchase Plans in New York

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

Iron Workers Local 580 Shop Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants Iron Workers Local 5…, Total assets ($B): 0.007932945 · Participants: 43Iron Workers Local 5…Tiaa Retirement Plan, Total assets ($B): 5.903718286 · Participants: 11906Tiaa Retirement PlanYoung Men's Christia…, Total assets ($B): 3.876243 · Participants: 47199Young Men's Christia…McKinsey & Company, …, Total assets ($B): 2.152151099 · Participants: 15274McKinsey & Company, …Brookhaven Science A…, Total assets ($B): 1.539461125 · Participants: 2624Brookhaven Science A…Iron Workers Locals …, Total assets ($B): 1.218944937 · Participants: 2357Iron Workers Locals …
Iron Workers Local 580 Shop Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants
Compare Iron Workers Local 580 Shop Annuity Fund side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Iron Workers Local 580 Shop Annuity Fund by total assets, not by location.

Frequently Asked Questions

How did Iron Workers Local 580 Shop Annuity Fund assets move in 2024? ▼
Iron Workers Local 580 Shop Annuity Fund edged down modestly - down 4.2% during 2024, from $8M to $8M. Reported net income was -$150K.
How have Board of Trustees Iron Workers Local 580 Shop Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Iron Workers Local 580 Shop Annuity Fund's sponsor-wide assets grew 3.9%, from $8M to $8M.
Which Money Purchase plans are similar in size to Iron Workers Local 580 Shop Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Greater Miami Jewish Federation 401(a) Retirement Plan in FL ($8M, 93 participants).

Next read for Iron Workers Local 580 Shop Annuity Fund

Filing takeaways

Ways to act on Iron Workers Local 580 Shop Annuity Fund's numbers.

  • By total assets, Iron Workers Local 580 Shop Annuity Fund ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar Money Purchase plans in New York. Compare plans
  • Board of Trustees Iron Workers Local 580 Shop Annuity Fund's sponsor-wide assets have grown 3.9% 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 237118930.

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.