Money Purchase · DOL Form 5500 · 2022

IBEW Lu # 654 Pension Fund Trustees Money Purchase Plan

Data updated 2026-08-06

$117M
Total assets: 437
Participants: 94th
Percentile by assets: $267,923
Avg per participant

Official DOL plan name: I.B.E.W. Local Union # 654 Defined Contribution Plan · Sponsored by IBEW Lu # 654 Pension Fund Trustees · New Jersey · Construction

$117M in assets, 437 participants

IBEW Lu # 654 Pension Fund Trustees's I.B.E.W. Local Union # 654 Defined Contribution Plan reported $117M in total assets and 437 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.

94th percentile by assets (of 139,258 plans)
#9,177 in Construction (9,938 peers)

Where I.B.E.W. Local Union # 654 Defined Contribution Plan sits by assets

I.B.E.W. Local Union # 654 Defined Contribution Plan sits in the top 10% of all filed plans by assets, $117M for 437 participants (~$267,923/participant), down 13.5% in 2022.

$117M
total plan assets (2022 EOY): 437
covered participants: 94th
percentile by assets (of 139,258 plans): $267,923
avg assets per participant

The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

New Jersey

Industry

Construction

I.B.E.W. Local Union # 654 Defined Contribution Plan vs the 2022 asset distribution

By assets, I.B.E.W. Local Union # 654 Defined Contribution Plan outranks 94% of the 139,258 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.2x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)	$135M
Net Assets (End of Year)	$117M
Net Income	-$18M
Employer EIN	236538183
Plan Effective Date	1980-09-01
Filing Status	FILING RECEIVED

Sponsor Plan History (IBEW Lu # 654 Pension Fund Trustees)

Total plan assets by year, all IBEW Lu # 654 Pension Fund Trustees plans on file

Year	Plans	Participants	Total Assets
2022	2	845	$246M
2023	2	849	$278M
2024	2	857	$309M

Nearby Money Purchase Plans in New Jersey

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local Union # 654 Defined Contribution Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants

Local 68 Engineers Union Annuity Plan $871M · 5,455
Nysa-Ila Money Purchase Pension Fund and Plan $659M · 4,255
Educational Testing Service 401(a) Retirement Plan $525M · 3,282
Ironworkers Local 11 Annuity Fund $384M · 1,139
Plumbers & Pipefitters Local 9 Surety Plan $257M · 1,957

Compare I.B.E.W. Local Union # 654 Defined Contr… side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to I.B.E.W. Local Union # 654 Defined Contribution Plan by total assets, not by location.

Central Iowa Carpenters Money Purchase Plan (MN) $116M · 1,984
Defined Contribution Plan for the Employees of the American Institute of Physics (MD) $118M · 279
Macquarie Management Holdings, Inc. Retirement Plan (NY) $115M · 222
NECA-IBEW 177 Pension Fund (FL) $115M · 1,358

Frequently Asked Questions

How did I.B.E.W. Local Union # 654 Defined Contribution Plan assets move in 2022? ▼

I.B.E.W. Local Union # 654 Defined Contribution Plan pulled back noticeably - down 13.5% during 2022, from $135M to $117M. Reported net income was -$18M.

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 Contribution Plan rank by assets among Form 5500 filers? ▼

I.B.E.W. Local Union # 654 Defined Contribution Plan ranks in the 94th percentile by end-of-year assets among 139,258 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).

Which Money Purchase plans are similar in size to I.B.E.W. Local Union # 654 Defined Contribution Plan? ▼

Among Money Purchase plans in other states, the closest by assets is Central Iowa Carpenters Money Purchase Plan in MN ($116M, 1,984 participants).

Next read for I.B.E.W. Local Union # 654 Defined Contr…

Scale reading

Ways to act on I.B.E.W. Local Union # 654 Defined Contribution Plan's numbers.

By total assets, I.B.E.W. Local Union # 654 Defined Contribution Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Money Purchase plans in New Jersey. Compare plans
IBEW Lu # 654 Pension Fund Trustees's sponsor-wide assets have grown 25.6% 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 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 236538183.