Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Local 1298 Pension Fund Pension Plan

Data updated 2026-08-11

$479M
Total assets
1,218
Participants
97th
Percentile by assets
$393,327
Avg per participant
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Official DOL plan name: Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund · Sponsored by Board of Trustees Local 1298 Pension Fund · New York · Construction

$479M in assets, 1,218 participants

Board of Trustees Local 1298 Pension Fund's Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund reported $479M in total assets and 1,218 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • 97th percentile by assets (of 123,622 plans)
  • #8,748 in Construction (9,039 peers)

Where Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund sits by assets

Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund sits in the top 5% of all filed plans by assets, $479M for 1,218 participants (~$393,327/participant), up 10.4% in 2024.

$479M
total plan assets (2024 EOY)
1,218
covered participants
97th
percentile by assets (of 123,622 plans)
$393,327
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund reported net income fell from $49M in the plan year 2023 filing to $42M in the plan year 2024 filing.
  • Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund end-of-year assets rose from $434M in the plan year 2023 filing to $479M in the plan year 2024 filing.
  • Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund reported participants rose from 1,184 in the plan year 2023 filing to 1,218 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
New York
Industry
Construction

Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund vs the 2024 asset distribution

By assets, Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 4.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$434M
Net Assets (End of Year)$473M
Net Income$42M
Employer EIN111970385
Plan Effective Date1961-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local 1298 Pension Fund)

$350M$400M$450M$500M 202220232024 $385M $479M ▲ +24.5%
Total plan assets by year, all Board of Trustees Local 1298 Pension Fund plans on file
Year Plans Participants Total Assets
2022 1 1,218 $385M
2023 1 1,184 $434M
2024 1 1,218 $479M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants

Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Laborers Local 1298 …IBM Personal Pension…1199seiu Health Care…Consolidated Edison …Pfizer Consolidated …GE Energy Pension Plan
Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Laborers Local 1298 of Nassau & Suffolk … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund by total assets, not by location.

Frequently Asked Questions

How did Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund assets move in 2024? ▼
Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund grew at a solid clip - up 10.4% during 2024, from $434M to $479M. Reported net income was $42M.
How have Board of Trustees Local 1298 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local 1298 Pension Fund's sponsor-wide assets grew 24.5%, from $385M to $479M.
Where does Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund rank by assets among Form 5500 filers? ▼
Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Steamfitters Local #449 Pension Plan in PA ($479M, 1,656 participants).

Next read for Laborers Local 1298 of Nassau & Suffolk …

Scale reading

Ways to act on Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund's numbers.

  • By total assets, Laborers Local 1298 of Nassau & Suffolk Counties Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
  • Board of Trustees Local 1298 Pension Fund's sponsor-wide assets have grown 24.5% 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 111970385.

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.