Other
2022 plan-year Other DOL Form 5500

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by The Board of Trustees of the Electrical Workers Pension Trust · Michigan · Construction

What the 2023 filing shows

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW holds $800M for 2,913 participants — about $274,474 per participant, down 6.6% over the 2022 plan year.

$800M
total plan assets (2022 EOY)
2,913
covered participants
$274,474
avg assets per participant
-6.6%
assets change YoY

The plan reported a net loss of $55M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$800M
Participants
2,913
State
Industry
Construction

What the Filing Says About Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW is a Other retirement plan sponsored by The Board of Trustees of the Electrical Workers Pension Trust, headquartered in Michigan. As of the 2022 Form 5500 filing, the plan reports $800M in total end-of-year assets and covers 2,913 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 386080404, and the plan has been effective since 1959-10-07. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $856M at the beginning of 2022 to $800M at year-end — a decline of 6.6%. Net assets (after liabilities) closed the year at $798M, with reported net income of $-54,753,455 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$856M
Total Assets (End of Year)$800M
Net Assets (End of Year)$798M
Net Income$-54,753,455
Plan TypeOther
Employer EIN386080404
Plan Effective Date1959-10-07
Filing StatusFILING RECEIVED

Sponsor Plan History (The Board of Trustees of the Electrical Workers Pension Trust)

Year Plans Participants Total Assets
2022 1 2,913 $800M
2023 1 2,976 $888M
2024 1 3,028 $923M

Nearby Other Plans in Michigan

Peer Other plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW?
As of the 2022 Form 5500 filing, Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW holds $800M in total assets with 2,913 participants. It is sponsored by The Board of Trustees of the Electrical Workers Pension Trust.
What type of plan is Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW?
Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW is a Other plan. It has been effective since 1959-10-07. The plan is filed with the U.S. Department of Labor under EIN 386080404.
Who sponsors the Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW?
Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW is sponsored by The Board of Trustees of the Electrical Workers Pension Trust, located in Michigan. The sponsor's EIN is 386080404 and the plan operates in the Construction industry.
How did Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW perform in 2022?
Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW declined by 6.6% during 2022, moving from $856M to $800M in total assets. Net income was $-54,753,455.
Where can I find official filings for Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW?
Official Form 5500 filings for Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 386080404 or plan name at efast.dol.gov.
How does Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW compare to other plans?
You can compare Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW against other Other plans on the plan type page, or view plans in Michigan on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 386080404.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.