Defined Benefit (Pension) · DOL Form 5500 · 2022
IBEW Local 1249 Pension Fund Board of Trustees Pension Plan
Data updated 2026-08-11
- $486M
- Total assets
- 2,964
- Participants
- 98th
- Percentile by assets
- $164,118
- Avg per participant
Official DOL plan name: IBEW Local 1249 Pension Plan · Sponsored by IBEW Local 1249 Pension Fund Board of Trustees · New York · Construction
$486M in assets, 2,964 participants
IBEW Local 1249 Pension Fund Board of Trustees's IBEW Local 1249 Pension Plan reported $486M in total assets and 2,964 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 139,126 plans)
- #9,700 in Construction (9,927 peers)
Coverage in New York
IBEW Local 1249 Pension Plan covers 2,964 participants in New York, 3.7x the typical New York plan (state average ~798 per filing). Assets: $486M.
- $486M
- total plan assets (2022 EOY)
- 2,964
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $164,118
- avg assets per participant
The plan reported a net loss of $14M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. IBEW Local 1249 Pension Plan reports 2,964 participants - 3.7x that state average ($486M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $500M |
|---|---|
| Net Assets (End of Year) | $481M |
| Net Income | -$14M |
| Employer EIN | 156035161 |
| Plan Effective Date | 1962-07-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 1249 Pension Fund Board of Trustees)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,964 | $486M |
| 2023 | 1 | 3,036 | $572M |
| 2024 | 1 | 3,243 | $665M |
Nearby Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
IBEW Local 1249 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
- IBM Personal Pension Plan $25.5B · 16,431
- Consolidated Edison Retirement Plan $15.8B · 11,303
- Pepsico Employees Retirement Plan I $7.7B · 11,386
- New York State Nurses Association Pension Plan $5.0B · 18,592
- New York District Council of Carpenters Pension Pl $4.8B · 11,318
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to IBEW Local 1249 Pension Plan by total assets, not by location.
- America First Credit Union Pension Plan (UT) $487M · 2,406
- Joint Pension Fund Local Union IBEW (NJ) $487M · 2,247
- International Brotherhood of Electrical Workers Local Union 98 Pension Plan (PA) $487M · 2,548
- General Dynamics Retirement Plan (Bath Iron Works) (VA) $485M · 1,662
Frequently Asked Questions
How did IBEW Local 1249 Pension Plan assets move in 2022? ▼
How have IBEW Local 1249 Pension Fund Board of Trustees plan assets changed over time? ▼
Where does IBEW Local 1249 Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 1249 Pension Plan? ▼
Next read for IBEW Local 1249 Pension Plan
Filing takeaways
Ways to act on IBEW Local 1249 Pension Plan's numbers.
- By total assets, IBEW Local 1249 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- IBEW Local 1249 Pension Fund Board of Trustees's sponsor-wide assets have grown 36.8% since 2022 across 3 plan years on file. More Construction plans