Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Lu 654 Pension Fund Trustees Pension Plan

Data updated 2026-08-25

$129M
Total assets Near avg plan size
408
Participants Below avg headcount
94th
Percentile by assets National rank
$315,705
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan · Sponsored by IBEW Lu 654 Pension Fund Trustees · New Jersey · Construction

$129M in assets, 408 participants

IBEW Lu 654 Pension Fund Trustees's I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan reported $129M in total assets and 408 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • #9,220 in Construction (9,927 peers)

Coverage in New Jersey

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan covers 408 participants in New Jersey, about 48% of the average New Jersey filer (state average ~844 per filing). Assets: $129M.

#9,220
in Construction (9,927 peers)
-5.1%
assets change YoY
1.3×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan's outsized position by total assets

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs every filed plan by assets

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

$128,807,671 Top 6% higher than 94% 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

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan sits mid-pack in the medium band (408 participants).

DOL schedule card

Filing strip 236538183 · IBEW Lu 654 Pension Fund Trustees PY 2022 · Defined Benefit (Pension)

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan · $129M · 408 · 94th

  • SCH $129M
  • SCH 408
  • SCH 94th
  • SCH Defined Benefit (Pension)
  • SCH near Hodgson Russ Retirement Plan
  • SCH ind #9220

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 Jersey →

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan in the asset neighbourhood

Borgwarner Inc. Retirement PlanBorgwarner Inc. Retirement P…$129MRetirement Plan for Employees of the Burnham GroupRetirement Plan for Employee…$129MPension Fund of Make-Up Artists & Hair Stylists Union - Local 798 - IatsePension Fund of Make-Up Arti…$129MHodgson Russ Retirement Plan$129MI.B.E.W. Local Union # 654 - Defined Benefit Pension PlanI.B.E.W. Local Union # 654 -…$129M
End-of-year total assets ($M) among I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New Jersey filing particulars

Total Assets (Beginning of Year)$136M
Net Assets (End of Year)$129M
Net Income-$7M
Employer EIN236538183
Plan Effective Date1967-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Lu 654 Pension Fund Trustees)

Sponsor-wide plan assets over time

All IBEW Lu 654 Pension Fund Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$309M 25.598996966367814% vs 2022
2024 filing year
$220M$240M$260M$280M$300M$320M 202220232024 $246M $309M ▲ +25.6%
Year Plans Participants Total Assets
2022 2 845 $246M
2023 2 849 $278M
2024 2 857 $309M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan, Total assets ($B): 0.128807671 · Participants: 408I.B.E.W. Local Union # 654 - Defined Benefit Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 19.833052673 · Participants: 38100Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 14.820156855 · Participants: 102340JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 14.495801 · Participants: 7413Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.277296822 · Participants: 17538The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.941506503 · Participants: 25746Verizon Pension Plan for Associates
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan side-by-side with 3 peers →

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Hodgson Russ Retirement Plan in NY ($129M); by covered participants it is Iuoe Local 295-295b,C Pension Fund in NY (408 participants). Same-state nearby plans are listed separately above.

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 I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan assets move in 2022? ▼
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan pulled back noticeably - down 5.1% during 2022, from $136M to $129M. Reported net income was -$7M.
How have IBEW Lu 654 Pension Fund Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Lu 654 Pension Fund Trustees's sponsor-wide assets grew 25.6%, from $246M to $309M.
Where does I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Hodgson Russ Retirement Plan in NY ($129M, 349 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Iuoe Local 295-295b,C Pension Fund in NY (408 participants, $64M 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 236538183.

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.