IBEW LOCAL NO. 60 PENSION
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
IBEW LOCAL NO. 60 PENSION PLAN TRUST FUND
This Other plan holds $72M in total assets and serves 1,670 participants as of 2022. It is sponsored by IBEW LOCAL NO. 60 PENSION PLAN TRUST FUND in New Mexico. The plan reported a net loss of $13M for the year.
What the Filing Says About IBEW LOCAL NO. 60 PENSION
IBEW LOCAL NO. 60 PENSION is a Other retirement plan sponsored by IBEW LOCAL NO. 60 PENSION PLAN TRUST FUND, headquartered in New Mexico. As of the 2022 Form 5500 filing, the plan reports $72M in total end-of-year assets and covers 1,670 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 741870479, and the plan has been effective since 1976-04-29. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $85M at the beginning of 2022 to $72M at year-end — a decline of 15.1%. Net assets (after liabilities) closed the year at $72M, with reported net income of $-12,805,315 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) | $85M |
| Total Assets (End of Year) | $72M |
| Net Assets (End of Year) | $72M |
| Net Income | $-12,805,315 |
| Plan Type | Other |
| Employer EIN | 741870479 |
| Plan Effective Date | 1976-04-29 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW LOCAL NO. 60 PENSION PLAN TRUST FUND)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,670 | $72M |
| 2023 | 1 | 1,491 | $84M |
| 2024 | 1 | 1,916 | $97M |
Nearby Other Plans in New Mexico
Peer Other plans — same state, same plan type — ranked by total assets.
- EMPLOYEE STOCK OWNERSHIP PLAN OF APPLIED RESEARCH ASSOCIATES, INC. $606M · 1,981
- IBEW LOCAL NO. 60 PENSION $84M · 1,491
- PPIC EMPLOYEE STOCK OWNERSHIP PLAN $59M · 107
- AZURITE PROFESSIONAL COMMUNITY EMPLOYEE STOCK OWNERSHIP PLAN $24M · 259
- JACK B. HENDERSON CONSTRUCTION COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN $17M · 91
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Frequently Asked Questions
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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 741870479.
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.
Read our methodology — how this data is sourced, computed, and verified.