Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA Pension Plan

Data updated 2026-08-25

$652M
Total assets Above avg plan size
2,579
Participants Above avg headcount
98th
Percentile by assets National rank
$252,675
Avg per participant Above avg balance/head
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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.

  • #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.

#9,764
in Construction (9,927 peers)
-8.9%
assets change YoY
6.5×
vs typical plan assets (national mean)

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.

Western PA Electrical Employees Pension Trust Fund's outsized position by total assets

Western PA Electrical Employees Pension Trust Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$651,649,004 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 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 2022

Western PA Electrical Employees Pension Trust Fund's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Western PA Electrical Employees Pension Trust Fund lands in the large band (2,579 participants).

Plan-year Form 5500 strip

Filing strip 256032108 · Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA PY 2022 · Defined Benefit (Pension)

Western PA Electrical Employees Pension Trust Fund · $652M · 2,579 · 98th

  • RANK $652M
  • PHOTO 2,579
  • IND 98th
  • EOY Defined Benefit (Pension)
  • 5500 near Permanente Physicians Retirement Plan
  • ASSETS ind #9764

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 Pennsylvania →

Western PA Electrical Employees Pension Trust Fund in the asset neighbourhood

Sheet Metal Workers' Local 73 Pension FundSheet Metal Workers' Local 7…$653MJohns Hopkins University Support Staff Pension PlanJohns Hopkins University Sup…$652MPermanente Physicians Retirement PlanPermanente Physicians Retire…$652MWestern PA Electrical Employees Pension Trust FundWestern PA Electrical Employ…$652MDetroit Medical Center Consolidated Pension PlanDetroit Medical Center Conso…$650M
End-of-year total assets ($M) among Western PA Electrical Employees Pension Trust Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$715M
Net Assets (End of Year)$651M
Net Income-$64M
Employer EIN256032108
Plan Effective Date1949-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA)

Sponsor-wide plan assets over time

All Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA plans reported in each filing year

Latest sponsor-wide plan assets
$823M 26.359745959191244% vs 2022
2024 filing year
$600M$700M$800M$900M 202220232024 $652M $823M ▲ +26.4%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants Western PA Electrical Employees Pension Trust Fund, Total assets ($B): 0.651649004 · Participants: 2579Western PA Electrical Employees Pension Trust FundNational Elevator Industry Pension Plan, Total assets ($B): 10.401485458 · Participants: 27097National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 5.908424468 · Participants: 52395Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.402519 · Participants: 63731The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.359207207 · Participants: 5314Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 4.968344232 · Participants: 8098The Bank of New York Mellon Corporation Pension Plan
Western PA Electrical Employees Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Western PA Electrical Employees Pension Trust Fund side-by-side with 3 peers →

Western PA Electrical Employees Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Permanente Physicians Retirement Plan in OR ($652M); by covered participants it is Spectrum Health Pension Plan in MI (2,578 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($652M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,579 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Western PA Electrical Employees Pension Trust Fund assets move in 2022? ▼
Western PA Electrical Employees Pension Trust Fund pulled back noticeably - down 8.9% during 2022, from $715M to $652M. Reported net income was -$64M.
How have Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA's sponsor-wide assets grew 26.4%, from $652M to $823M.
Where does Western PA Electrical Employees Pension Trust Fund rank by assets among Form 5500 filers? ▼
Western PA Electrical Employees Pension Trust Fund ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Western PA Electrical Employees Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Permanente Physicians Retirement Plan in OR ($652M, 830 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Western PA Electrical Employees Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Spectrum Health Pension Plan in MI (2,578 participants, $238M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 256032108.

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.