Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Local No. 223 Union Pension Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
296
Participants Below avg headcount
88th
Percentile by assets National rank
$174,060
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 223 Pension Plan · Sponsored by IBEW Local No. 223 Union · Massachusetts · Construction

$52M in assets, 296 participants

IBEW Local No. 223 Union's IBEW Local No. 223 Pension Plan reported $52M in total assets and 296 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #8,603 in Construction (9,927 peers)

Coverage in Massachusetts

IBEW Local No. 223 Pension Plan covers 296 participants in Massachusetts, about 45% of the average Massachusetts filer (state average ~659 per filing). Assets: $52M.

#8,603
in Construction (9,927 peers)
-7.4%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local No. 223 Pension Plan's outsized position by total assets

IBEW Local No. 223 Pension Plan vs every filed plan by assets

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

$51,521,653 Top 12% higher than 88% 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 No. 223 Pension 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 No. 223 Pension Plan sits mid-pack in the medium band (296 participants).

DOL schedule card

Filing strip 042780301 · IBEW Local No. 223 Union PY 2022 · Defined Benefit (Pension)

IBEW Local No. 223 Pension Plan · $52M · 296 · 88th

  • PART $52M
  • PART 296
  • PART 88th
  • PART Defined Benefit (Pension)
  • PART near Sherwin Alumina Company Pension Plan for Hourly Employees
  • PART ind #8603

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 No. 223 Pension Plan in the asset neighbourhood

Retirement Plan for Employees of Pearl River Valley Electric Power AssociationRetirement Plan for Employee…$52MThe Retirement Plan for Employees of the Estate of Thomas O'connorThe Retirement Plan for Empl…$52MSistema Universitario Ana G Mendez Inc Pension PlanSistema Universitario Ana G …$52MIBEW Local No. 223 Pension PlanIBEW Local No. 223 Pension P…$52MSherwin Alumina Company Pension Plan for Hourly EmployeesSherwin Alumina Company Pens…$52M
End-of-year total assets ($M) among IBEW Local No. 223 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$56M
Net Assets (End of Year)$52M
Net Income-$4M
Employer EIN042780301
Plan Effective Date1963-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local No. 223 Union)

Sponsor-wide plan assets over time

All IBEW Local No. 223 Union plans reported in each filing year

Latest sponsor-wide plan assets
$69M 34.78084835515662% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $51.5M $69.4M ▲ +34.8%
Year Plans Participants Total Assets
2022 1 296 $52M
2023 1 300 $59M
2024 1 317 $69M

Nearby Defined Benefit (Pension) Plans in Massachusetts

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

IBEW Local No. 223 Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246810 Total assets ($B) Participants IBEW Local No. 223 Pension Plan, Total assets ($B): 0.051521653 · Participants: 296IBEW Local No. 223 Pension PlanConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 9.07532048 · Participants: 55495Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.756596242 · Participants: 33087Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.281152611 · Participants: 11835Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 4.758508912 · Participants: 17323N. Atlantic States Carp. Pension FundN. Atlantic States Carp. Guaranteed Annuity Fund, Total assets ($B): 3.594095954 · Participants: 10962N. Atlantic States Carp. Guaranteed Annuity Fund
IBEW Local No. 223 Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare IBEW Local No. 223 Pension Plan side-by-side with 3 peers →

IBEW Local No. 223 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Sherwin Alumina Company Pension Plan for Hourly Employees in NY ($52M); by covered participants it is Recycling and General Industrial Union Local 108 Pension Fund in NJ (296 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (296 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 No. 223 Pension Plan assets move in 2022? ▼
IBEW Local No. 223 Pension Plan pulled back noticeably - down 7.4% during 2022, from $56M to $52M. Reported net income was -$4M.
How have IBEW Local No. 223 Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 223 Union's sponsor-wide assets grew 34.8%, from $52M to $69M.
Where does IBEW Local No. 223 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 223 Pension Plan ranks in the 88th 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 Defined Benefit (Pension) plans are similar in size to IBEW Local No. 223 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sherwin Alumina Company Pension Plan for Hourly Employees in NY ($52M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 223 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Recycling and General Industrial Union Local 108 Pension Fund in NJ (296 participants, $33M 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 042780301.

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.