Defined Benefit (Pension) · DOL Form 5500 · 2022
Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA Pension Plan
Data updated 2026-08-11
- $652M
- Total assets
- 2,579
- Participants
- 98th
- Percentile by assets
- $252,675
- Avg per participant
Official DOL plan name: Western PA Electrical Employees Pension Trust Fund · Sponsored by Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA · Pennsylvania · Construction
$652M in assets, 2,579 participants
Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA's Western PA Electrical Employees Pension Trust Fund reported $652M in total assets and 2,579 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 139,126 plans)
- #9,764 in Construction (9,927 peers)
Coverage in Pennsylvania
Western PA Electrical Employees Pension Trust Fund covers 2,579 participants in Pennsylvania, 3.1x the typical Pennsylvania plan (state average ~822 per filing). Assets: $652M.
- $652M
- total plan assets (2022 EOY)
- 2,579
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $252,675
- avg assets per participant
The plan reported a net loss of $64M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Western PA Electrical Employees Pension Trust Fund reports 2,579 participants - 3.1x that state average ($652M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $715M |
|---|---|
| Net Assets (End of Year) | $651M |
| Net Income | -$64M |
| Employer EIN | 256032108 |
| Plan Effective Date | 1949-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,579 | $652M |
| 2023 | 1 | 2,603 | $735M |
| 2024 | 1 | 2,603 | $823M |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Western PA Electrical Employees Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $10.4B · 27,097
- Steelworkers Pension Trust $5.9B · 52,395
- The PNC Financial Services Group, Inc. Pension Plan $5.4B · 63,731
- Constellation Retirement Program $5.4B · 5,314
- The Bank of New York Mellon Corporation Pension Plan $5.0B · 8,098
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Western PA Electrical Employees Pension Trust Fund by total assets, not by location.
- Permanente Physicians Retirement Plan (OR) $652M · 830
- Johns Hopkins University Support Staff Pension Plan (MD) $652M · 3,003
- Detroit Medical Center Consolidated Pension Plan (MI) $650M · 2,080
- Sheet Metal Workers' Local 73 Pension Fund (IL) $653M · 1,887
Frequently Asked Questions
How did Western PA Electrical Employees Pension Trust Fund assets move in 2022? ▼
How have Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA plan assets changed over time? ▼
Where does Western PA Electrical Employees Pension Trust Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Western PA Electrical Employees Pension Trust Fund? ▼
Next read for Western PA Electrical Employees Pension …
Filing takeaways
Ways to act on Western PA Electrical Employees Pension Trust Fund's numbers.
- By total assets, Western PA Electrical Employees Pension Trust 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 Pennsylvania. Compare plans
- Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA's sponsor-wide assets have grown 26.4% since 2022 across 3 plan years on file. More Construction plans