Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees Local 351 Pension Fund Pension Plan

Data updated 2026-08-25

$450M
Total assets Above avg plan size
2,011
Participants Near avg headcount
98th
Percentile by assets National rank
$223,919
Avg per participant Above avg balance/head
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Official DOL plan name: Local 351 IBEW Pension Plan · Sponsored by Board of Trustees Local 351 Pension Fund · New Jersey · Construction

$450M in assets, 2,011 participants

Board of Trustees Local 351 Pension Fund's Local 351 IBEW Pension Plan reported $450M in total assets and 2,011 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.

  • #9,678 in Construction (9,927 peers)

Coverage in New Jersey

Local 351 IBEW Pension Plan covers 2,011 participants in New Jersey, 2.4x the typical New Jersey plan (state average ~844 per filing). Assets: $450M.

#9,678
in Construction (9,927 peers)
-19.2%
assets change YoY
4.5×
vs typical plan assets (national mean)

The plan reported a net loss of $107M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Local 351 IBEW Pension Plan's outsized position by total assets

Local 351 IBEW Pension Plan vs every filed plan by assets

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

$450,301,918 Top 2% higher than 98% 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

Local 351 IBEW Pension Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 351 IBEW Pension Plan lands in the large band (2,011 participants).

EBSA filing schedule strip

Filing strip 223417366 · Board of Trustees Local 351 Pension Fund PY 2022 · Defined Benefit (Pension)

Local 351 IBEW Pension Plan · $450M · 2,011 · 98th

  • IND $450M
  • EOY 2,011
  • 5500 98th
  • ASSETS Defined Benefit (Pension)
  • PCT near Diageo North America, Inc. Cash Balance Pension Plan
  • EIN ind #9678

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 New Jersey →

Local 351 IBEW Pension Plan in the asset neighbourhood

Diageo North America, Inc. Cash Balance Pension PlanDiageo North America, Inc. C…$450MLocal 351 IBEW Pension Plan$450MUnited Food and Commercial Workers Unions and Employers Pension PlanUnited Food and Commercial W…$450MSt. Lukes Health Network Pension PlanSt. Lukes Health Network Pen…$450MRetirement Plan for Employees of S.C. Johnson & SoRetirement Plan for Employee…$449M
End-of-year total assets ($M) among Local 351 IBEW Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New Jersey filing particulars

Total Assets (Beginning of Year)$557M
Net Assets (End of Year)$450M
Net Income-$107M
Employer EIN223417366
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local 351 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Local 351 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$542M 20.39912075169087% vs 2022
2024 filing year
$400M$450M$500M$550M$600M 202220232024 $450M $542M ▲ +20.4%
Year Plans Participants Total Assets
2022 1 2,011 $450M
2023 1 2,003 $503M
2024 1 1,603 $542M

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Local 351 IBEW Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Local 351 IBEW Pension Plan, Total assets ($B): 0.450301918 · Participants: 2011Local 351 IBEW Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 19.833052673 · Participants: 38100Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 14.820156855 · Participants: 102340JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 14.495801 · Participants: 7413Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.277296822 · Participants: 17538The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.941506503 · Participants: 25746Verizon Pension Plan for Associates
Local 351 IBEW Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Local 351 IBEW Pension Plan side-by-side with 3 peers →

Local 351 IBEW Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Diageo North America, Inc. Cash Balance Pension Plan in NY ($450M); by covered participants it is Chanel, Inc. Pension Plan in NY (2,011 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,011 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 Local 351 IBEW Pension Plan assets move in 2022? ▼
Local 351 IBEW Pension Plan declined sharply - down 19.2% during 2022, from $557M to $450M. Reported net income was -$107M.
How have Board of Trustees Local 351 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local 351 Pension Fund's sponsor-wide assets grew 20.4%, from $450M to $542M.
Where does Local 351 IBEW Pension Plan rank by assets among Form 5500 filers? ▼
Local 351 IBEW Pension Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Local 351 IBEW Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Diageo North America, Inc. Cash Balance Pension Plan in NY ($450M, 1,546 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 351 IBEW Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Chanel, Inc. Pension Plan in NY (2,011 participants, $325M 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 223417366.

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.