Money Purchase · DOL Form 5500 · 2024
Board of Trustees Iron Workers Local 580 Shop Annuity Fund Money Purchase Plan
Data updated 2026-08-25
- $8M
- Total assets Small plan by assets
- 43
- Participants Small participant base
- 51st
- Percentile by assets National rank
- $184,487
- Avg per participant Above avg balance/head
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.
- #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.
- #4,459
- in Construction (9,039 peers)
- -4.2%
- assets change YoY
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.
Iron Workers Local 580 Shop Annuity Fund's mid-pack asset rank among Construction and all filers
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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Iron Workers Local 580 Shop Annuity Fund among smaller filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Workers Local 580 Shop Annuity Fund is a small filing (43 participants) on this national headcount ladder.
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.
Form 5500 schedule snapshot
Filing strip 237118930 · Board of Trustees Iron Workers Local 580 Shop Annuity Fund PY 2024 · Money Purchase
Iron Workers Local 580 Shop Annuity Fund · $8M · 43 · 51st
- 5500 $8M
- 5500 43
- 5500 51st
- 5500 Money Purchase
- 5500 near Greater Miami Jewish Federation 401(a) Retirement Plan
- 5500 ind #4459
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 →
Iron Workers Local 580 Shop Annuity Fund in the asset neighbourhood
Filing particulars (2024)
| Total Assets (Beginning of Year) | $8M |
|---|---|
| Net Assets (End of Year) | $8M |
| Net Income | -$150K |
| Employer EIN | 237118930 |
| Plan Effective Date | 1970-07-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Iron Workers Local 580 Shop Annuity Fund)
Sponsor-wide plan assets over time
All Board of Trustees Iron Workers Local 580 Shop Annuity Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $8M 3.9182413343336173% vs 2022
- 2024 filing year
| 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.
- Tiaa Retirement Plan $5.9B · 11,906
- Young Men's Christian Association Retirement Fund Retirement Plan $3.9B · 47,199
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $2.2B · 15,274
- Brookhaven Science Associates, LLC Retirement Plan $1.5B · 2,624
- Iron Workers Locals 40, 361 & 417 Annuity Fund $1.2B · 2,357
Iron Workers Local 580 Shop Annuity Fund's out-of-state Money Purchase peers by assets and headcount
Outside New York, the nearest Money Purchase by assets is Greater Miami Jewish Federation 401(a) Retirement Plan in FL ($8M); by covered participants it is First State Bank of Carthage Employee Money Purchase Plan & Trust in TX (43 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8M here).
Similar participant headcount
Nearest other-state filings by covered participants (43 participants); asset peers above are excluded.
- First State Bank of Carthage Employee Money Purchase Plan & Trust (TX) 43 · 0 off
- Newton Clinic, P.C. Money Purchase Pension Plan (IA) 43 · 0 off
- Retirement Plan for Classified Employees of Board of Trustees of Beloit College (WI) 42 · 1 off
- Knea Employees' Contributory Pension Plan & Trust (KS) 45 · 2 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.