Other · DOL Form 5500 · 2022

Joint Board of Trustees of IBEW Local 596 Pension Fund Retirement Plan

Data updated 2026-08-11

$68M
Total assets
518
Participants
90th
Percentile by assets
$131,018
Avg per participant
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Official DOL plan name: IBEW Local 596 Pension Fund · Sponsored by Joint Board of Trustees of IBEW Local 596 Pension Fund · West Virginia · Construction

$68M in assets, 518 participants

Joint Board of Trustees of IBEW Local 596 Pension Fund's IBEW Local 596 Pension Fund reported $68M in total assets and 518 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • 90th percentile by assets (of 139,126 plans)
  • #8,812 in Construction (9,927 peers)

Where IBEW Local 596 Pension Fund sits by assets

IBEW Local 596 Pension Fund sits in the top 10% of all filed plans by assets, $68M for 518 participants (~$131,018/participant), down 16.0% in 2022.

$68M
total plan assets (2022 EOY)
518
covered participants
90th
percentile by assets (of 139,126 plans)
$131,018
avg assets per participant

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where IBEW Local 596 Pension Fund sits by total assets

IBEW Local 596 Pension Fund vs every filed plan by assets

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

$67,867,557 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,010,000,000 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

Industry

IBEW Local 596 Pension Fund vs the 2022 asset distribution

By assets, IBEW Local 596 Pension Fund outranks 90% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$81M
Net Assets (End of Year)$68M
Net Income-$13M
Employer EIN550675342
Plan Effective Date1979-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees of IBEW Local 596 Pension Fund)

$60M$70M$80M$90M 202220232024 $67.9M $86.1M ▲ +26.9%
Total plan assets by year, all Joint Board of Trustees of IBEW Local 596 Pension Fund plans on file
Year Plans Participants Total Assets
2022 1 518 $68M
2023 1 506 $78M
2024 1 515 $86M

Nearby Other Plans in West Virginia

Peer Other plans, same state, same plan type, ranked by total assets.

IBEW Local 596 Pension Fund vs. nearby Other plans in West Virginia, assets vs. participants

IBEW Local 596 Pension Fund vs. nearby Other plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 020040060080010001200 Total assets ($M) Participants IBEW Local 596 Pensi…West Virginia Univer…West Virginia Univer…Local Union 317 Elec…Monongalia Health Sy…University Physician…
IBEW Local 596 Pension Fund vs. nearby Other plans in West Virginia, assets vs. participants

Similar-Sized Other Plans Nationally

Other plans in other states closest to IBEW Local 596 Pension Fund by total assets, not by location.

Frequently Asked Questions

How did IBEW Local 596 Pension Fund assets move in 2022?
IBEW Local 596 Pension Fund declined sharply - down 16.0% during 2022, from $81M to $68M. Reported net income was -$13M.
How have Joint Board of Trustees of IBEW Local 596 Pension Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), Joint Board of Trustees of IBEW Local 596 Pension Fund's sponsor-wide assets grew 26.9%, from $68M to $86M.
Where does IBEW Local 596 Pension Fund rank by assets among Form 5500 filers?
IBEW Local 596 Pension Fund ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Other plans are similar in size to IBEW Local 596 Pension Fund?
Among Other plans in other states, the closest by assets is Ecri Institute Defined Contribution Retirement Plan in PA ($68M, 451 participants).

Scale reading

Ways to act on IBEW Local 596 Pension Fund's numbers.

  • By total assets, IBEW Local 596 Pension Fund ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Other plans in West Virginia. Compare plans
  • Joint Board of Trustees of IBEW Local 596 Pension Fund's sponsor-wide assets have grown 26.9% since 2022 across 3 plan years on file. More Construction plans