401(k) · DOL Form 5500 · 2022

Board of Trustees IBEW Local 704 Retirement Income Plan 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
189
Participants Below avg headcount
86th
Percentile by assets National rank
$212,473
Avg per participant Above avg balance/head
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Official DOL plan name: I.B.E.W. Local No. 704 401(k) Plan · Sponsored by Board of Trustees IBEW Local 704 Retirement Income Plan · Illinois · Construction

$40M in assets, 189 participants

Board of Trustees IBEW Local 704 Retirement Income Plan's I.B.E.W. Local No. 704 401(k) Plan reported $40M in total assets and 189 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #8,382 in Construction (9,927 peers)

Coverage in Illinois

I.B.E.W. Local No. 704 401(k) Plan covers 189 participants in Illinois, about 24% of the average Illinois filer (state average ~779 per filing). Assets: $40M.

#8,382
in Construction (9,927 peers)
-15.8%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

I.B.E.W. Local No. 704 401(k) Plan's outsized position by total assets

I.B.E.W. Local No. 704 401(k) Plan vs every filed plan by assets

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

$40,157,439 Top 14% higher than 86% 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 No. 704 401(k) 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 No. 704 401(k) Plan sits mid-pack in the medium band (189 participants).

Plan-year Form 5500 strip

Filing strip 420328998 · Board of Trustees IBEW Local 704 Retirement Income Plan PY 2022 · 401(k)

I.B.E.W. Local No. 704 401(k) Plan · $40M · 189 · 86th

  • EBSA $40M
  • PART 189
  • TYPE 86th
  • NET 401(k)
  • BOOK near Plumb Supply Company 401(k) Profit Sharing Plan
  • VS-ST ind #8382

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 Illinois →

I.B.E.W. Local No. 704 401(k) Plan in the asset neighbourhood

Diversified Search Group Retirement PlanDiversified Search Group Ret…$40MI.B.E.W. Local No. 704 401(k) PlanI.B.E.W. Local No. 704 401(k…$40MPlumb Supply Company 401(k) Profit Sharing PlanPlumb Supply Company 401(k) …$40MNaman Howell Smith & Lee, PLLC Employees Profit Sharing Plan and TrustNaman Howell Smith & Lee, PL…$40MElkus/Manfredi Architects Ltd. 401(k) PlanElkus/Manfredi Architects Lt…$40M
End-of-year total assets ($M) among I.B.E.W. Local No. 704 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$40M
Net Income-$8M
Employer EIN420328998
Plan Effective Date1993-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 704 Retirement Income Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 704 Retirement Income Plan plans reported in each filing year

Latest sponsor-wide plan assets
$48M 20.03286613969581% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $40.2M $48.2M ▲ +20.0%
Year Plans Participants Total Assets
2022 1 189 $40M
2023 1 160 $44M
2024 1 171 $48M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local No. 704 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants I.B.E.W. Local No. 704 401(k) Plan, Total assets ($B): 0.040157439 · Participants: 189I.B.E.W. Local No. 704 401(k) PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
I.B.E.W. Local No. 704 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare I.B.E.W. Local No. 704 401(k) Plan side-by-side with 3 peers →

I.B.E.W. Local No. 704 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Plumb Supply Company 401(k) Profit Sharing Plan in IA ($40M); by covered participants it is Healthcare Association of New York State, Inc Retirement Savings Plan in NY (189 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (189 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 I.B.E.W. Local No. 704 401(k) Plan assets move in 2022? ▼
I.B.E.W. Local No. 704 401(k) Plan declined sharply - down 15.8% during 2022, from $48M to $40M. Reported net income was -$8M.
How have Board of Trustees IBEW Local 704 Retirement Income Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 704 Retirement Income Plan's sponsor-wide assets grew 20.0%, from $40M to $48M.
Where does I.B.E.W. Local No. 704 401(k) Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local No. 704 401(k) Plan ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to I.B.E.W. Local No. 704 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Plumb Supply Company 401(k) Profit Sharing Plan in IA ($40M, 357 participants).
Which 401(k) plans cover a similar participant headcount to I.B.E.W. Local No. 704 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Healthcare Association of New York State, Inc Retirement Savings Plan in NY (189 participants, $57M 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 420328998.

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.