Employer · plans filed under one EIN
Board of Trustees Central Iowa Carpenters Money Purchase Plan
Bloomington, MN · Construction
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Board of Trustees Central Iowa Carpenters Money Purchase Plan, based in Bloomington, Minnesota, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 4,482 participant records and $358M in net assets.
The largest is Central Iowa Carpenters Money Purchase Plan, a money purchase plan with 2,356 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $12.9M and participant contributions $0 in the latest plan years; benefits paid were $21.2M. Schedule C compensation reported to service provider organisations totalled $978K.
Combined net assets moved from $153M in 2009 to $358M in 2025 (up 135%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Central Iowa Carpenters Money Purchase Plan | money purchase plan | 2025 | 2,356 | $140M | $59,427 | $4,810 | $459K |
| Central Iowa Carpenters Pension Plan | defined benefit pension plan | 2025 | 2,126 | $218M | $102,633 | $9,585 | $519K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 2 | 4,482 | $358M | $12.9M | $0 |
| 2024 | 2 | 4,709 | $334M | $13.0M | $0 |
| 2023 | 2 | 4,691 | $312M | $13.4M | $0 |
| 2022 | 2 | 4,569 | $289M | $11.8M | $0 |
| 2021 | 2 | 4,395 | $331M | $10.5M | $0 |
| 2020 | 2 | 4,777 | $298M | $11.1M | $0 |
| 2019 | 2 | 4,722 | $273M | $10.7M | $0 |
| 2018 | 2 | 4,763 | $238M | $11.3M | $0 |
| 2017 | 2 | 3,483 | $243M | $11.1M | $0 |
| 2016 | 2 | 3,755 | $219M | $11.4M | $0 |
| 2015 | 2 | 2,983 | $207M | $7.9M | $0 |
| 2014 | 2 | 3,287 | $205M | $7.0M | $0 |
| 2013 | 2 | 3,819 | $195M | $6.0M | $0 |
| 2012 | 2 | 2,565 | $175M | $5.4M | $0 |
| 2011 | 2 | 4,149 | $164M | $5.9M | $0 |
| 2010 | 2 | 4,456 | $164M | $5.1M | $0 |
| 2009 | 2 | 4,718 | $153M | $6.9M | $0 |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Wilson-McShane Corporation | Plan Administrator; Other services; Contract Administrator; Accounting (including auditing) | 2 | $159,162 |
| The Segal Company | Consulting (pension); Actuarial | 1 | $118,717 |
| Milliman | Recordkeeping and information management | 1 | $114,907 |
| Matrix Trust Company | Custodial (securities) | 1 | $114,907 |
| Segal Marco Advisors | Investment advisory (plan) | 2 | $109,868 |
| Asb Allegiance Investments, LLC | Investment management | 1 | $84,200 |
| BNY Mellon Investment Adviser, Inc. | — | 1 | $76,146 |
| Boston Trust Walden National Assoc. | Custodial (securities); Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Trustee (directed) | 1 | $49,621 |
| Comerica | Investment management; Custodial (securities) | 2 | $46,946 |
| Deboer & Associates, PC | Accounting (including auditing) | 2 | $43,000 |
| Arnold, Newbold, Winter, Jackson,pc | Legal | 1 | $34,370 |
| Segal Select Insurance Services | — | 2 | $7,684 |
| Alliance Bernstein L.P. | Investment management | 1 | $6,652 |
| Community State Bank | — | 1 | $5,830 |
| Invesco Trust Company | — | 1 | $5,575 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Board of Trustees Central Iowa Carpenters Money Purchase Plan have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Central Iowa Carpenters Money Purchase Plan and Central Iowa Carpenters Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Board of Trustees Central Iowa Carpenters Money Purchase Plan contribute to its plans?
$12,885,245 in employer contributions across these plans in their latest plan years, about $6,521 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Wilson-McShane Corporation, The Segal Company, Milliman and Matrix Trust Company and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.