Money Purchase · DOL Form 5500 · 2022

IBEW Local 223 Union Money Purchase Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
530
Participants Below avg headcount
80th
Percentile by assets National rank
$44,615
Avg per participant Low balance/head
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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.

  • #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.

#7,824
in Construction (9,927 peers)
-3.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

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's outsized position by total assets

IBEW Local 223 Deferred Income Plan vs every filed plan by assets

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

$23,645,868 Top 20% higher than 80% 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

IBEW Local 223 Deferred Income 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. IBEW Local 223 Deferred Income Plan sits mid-pack in the medium band (530 participants).

DOL schedule card

Filing strip 041472089 · IBEW Local 223 Union PY 2022 · Money Purchase

IBEW Local 223 Deferred Income Plan · $24M · 530 · 80th

  • PHOTO $24M
  • IND 530
  • EOY 80th
  • 5500 Money Purchase
  • ASSETS near Gillig Money Purchase Pension Plan
  • PCT ind #7824

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 Massachusetts →

IBEW Local 223 Deferred Income Plan in the asset neighbourhood

Insulators Local No 27 Supplemental Pension FundInsulators Local No 27 Suppl…$24MDoctors Council Annuity Fund 2Doctors Council Annuity Fund…$24MIBEW Local 223 Deferred Income PlanIBEW Local 223 Deferred Inco…$24MGillig Money Purchase Pension PlanGillig Money Purchase Pensio…$24MIBEW Local Union 573 Profit Sharing Plan and TrustIBEW Local Union 573 Profit …$23M
End-of-year total assets ($M) among IBEW Local 223 Deferred Income Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$24M
Net Income-$763K
Employer EIN041472089
Plan Effective Date1988-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 223 Union)

Sponsor-wide plan assets over time

All IBEW Local 223 Union plans reported in each filing year

Latest sponsor-wide plan assets
$30M 27.866022934746994% vs 2022
2024 filing year
$22M$24M$26M$28M$30M$32M 202220232024 $23.7M $30.2M ▲ +27.9%
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 Scatter plot of 6 data points. -5000050001000015000 -0.500.511.522.5 Total assets ($B) Participants IBEW Local 223 Deferred Income Plan, Total assets ($B): 0.023645868 · Participants: 530IBEW Local 223 Deferred Income PlanThe Mitre Corporation Qualified Retirement Plan, Total assets ($B): 2.245275345 · Participants: 12021The Mitre Corporation Qualified Retirement PlanMassachusetts Laborers' Annuity Fund, Total assets ($B): 1.955452301 · Participants: 11530Massachusetts Laborers' Annuity FundRetirement Income Plan for Teaching Faculty of Harvard University, Total assets ($B): 1.888120121 · Participants: 2698Retirement Income Plan for Teaching Faculty of Harvard UniversityHarvard University Defined Contribution Retirement Plan, Total assets ($B): 1.452591056 · Participants: 12417Harvard University Defined Contribution Retirement PlanElectrical Workers Deferred Income Plan Local 103, I.B.E.W., Total assets ($B): 1.441786632 · Participants: 8275Electrical Workers Deferred Income Plan Local 103, I.B.E.W.
IBEW Local 223 Deferred Income Plan vs. nearby Money Purchase plans in Massachusetts, assets vs. participants
Compare IBEW Local 223 Deferred Income Plan side-by-side with 3 peers →

IBEW Local 223 Deferred Income Plan's out-of-state Money Purchase peers by assets and headcount

Outside Massachusetts, the nearest Money Purchase by assets is Gillig Money Purchase Pension Plan in CA ($24M); by covered participants it is Mid-South Regional Council Local 318 Money in TN (529 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (530 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 IBEW Local 223 Deferred Income Plan assets move in 2022? ▼
IBEW Local 223 Deferred Income Plan edged down modestly - down 3.1% during 2022, from $24M to $24M. Reported net income was -$763K.
How have IBEW Local 223 Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 223 Union's sponsor-wide assets grew 27.9%, from $24M to $30M.
Where does IBEW Local 223 Deferred Income Plan rank by assets among Form 5500 filers? ▼
IBEW Local 223 Deferred Income Plan ranks in the 80th 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 Money Purchase plans are similar in size to IBEW Local 223 Deferred Income Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Gillig Money Purchase Pension Plan in CA ($24M, 313 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local 223 Deferred Income Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Mid-South Regional Council Local 318 Money in TN (529 participants, $41M 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 041472089.

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.