Money Purchase · DOL Form 5500 · 2022
IBEW Local 223 Union Money Purchase Plan
Data updated 2026-08-11
- $24M
- Total assets
- 530
- Participants
- 80th
- Percentile by assets
- $44,615
- Avg per participant
Official DOL plan name: IBEW Local 223 Deferred Income Plan · Sponsored by IBEW Local 223 Union · Massachusetts · Construction
$24M in assets, 530 participants
IBEW Local 223 Union's IBEW Local 223 Deferred Income Plan reported $24M in total assets and 530 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.
- 80th percentile by assets (of 139,126 plans)
- #7,824 in Construction (9,927 peers)
Where IBEW Local 223 Deferred Income Plan sits by assets
IBEW Local 223 Deferred Income Plan sits in the top quartile of all filed plans by assets, $24M for 530 participants (~$44,615/participant), down 3.1% in 2022.
- $24M
- total plan assets (2022 EOY)
- 530
- covered participants
- 80th
- percentile by assets (of 139,126 plans)
- $44,615
- avg assets per participant
The plan reported a net loss of $763K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
IBEW Local 223 Deferred Income Plan vs the 2022 asset distribution
By assets, IBEW Local 223 Deferred Income Plan outranks 80% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $24M |
|---|---|
| Net Assets (End of Year) | $24M |
| Net Income | -$763K |
| Employer EIN | 041472089 |
| Plan Effective Date | 1988-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 223 Union)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 530 | $24M |
| 2023 | 1 | 556 | $28M |
| 2024 | 1 | 631 | $30M |
Nearby Money Purchase Plans in Massachusetts
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
IBEW Local 223 Deferred Income Plan vs. nearby Money Purchase plans in Massachusetts, assets vs. participants
- The Mitre Corporation Qualified Retirement Plan $2.2B · 12,021
- Massachusetts Laborers' Annuity Fund $2.0B · 11,530
- Retirement Income Plan for Teaching Faculty of Harvard University $1.9B · 2,698
- Harvard University Defined Contribution Retirement Plan $1.5B · 12,417
- Electrical Workers Deferred Income Plan Local 103, I.B.E.W. $1.4B · 8,275
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local 223 Deferred Income Plan by total assets, not by location.
- Gillig Money Purchase Pension Plan (CA) $24M · 313
- Doctors Council Annuity Fund 2 (NY) $24M · 100
- IBEW Local Union 573 Profit Sharing Plan and Trust (OH) $23M · 300
- Insulators Local No 27 Supplemental Pension Fund (MO) $24M · 430
Frequently Asked Questions
How did IBEW Local 223 Deferred Income Plan assets move in 2022? ▼
How have IBEW Local 223 Union plan assets changed over time? ▼
Where does IBEW Local 223 Deferred Income Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local 223 Deferred Income Plan? ▼
Next read for IBEW Local 223 Deferred Income Plan
Scale reading
Ways to act on IBEW Local 223 Deferred Income Plan's numbers.
- By total assets, IBEW Local 223 Deferred Income Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Massachusetts. Compare plans
- IBEW Local 223 Union's sponsor-wide assets have grown 27.9% since 2022 across 3 plan years on file. More Construction plans