Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees of IBEW Local 716 Pension Plan Pension Plan

Data updated 2026-08-11

$177M
Total assets: 2,200
Participants: 95th
Percentile by assets: $80,329
Avg per participant

Official DOL plan name: IBEW Local 716 Pension Plan · Sponsored by Board of Trustees of IBEW Local 716 Pension Plan · Texas · Construction

$177M in assets, 2,200 participants

Board of Trustees of IBEW Local 716 Pension Plan's IBEW Local 716 Pension Plan reported $177M in total assets and 2,200 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 139,126 plans)
#9,372 in Construction (9,927 peers)

Coverage in Texas

IBEW Local 716 Pension Plan covers 2,200 participants in Texas, 3.2x the typical Texas plan (state average ~688 per filing). Assets: $177M.

$177M
total plan assets (2022 EOY): 2,200
covered participants: 95th
percentile by assets (of 139,126 plans): $80,329
avg assets per participant

The plan reported a net loss of $31M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

Texas

Industry

Construction

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. IBEW Local 716 Pension Plan reports 2,200 participants - 3.2x that state average ($177M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)	$208M
Net Assets (End of Year)	$177M
Net Income	-$31M
Employer EIN	746174674
Plan Effective Date	1965-07-01
Filing Status	FILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Texas

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

IBEW Local 716 Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants

AT&T Pension Benefit Plan $41.0B · 119,463
Shell Pension Plan $14.6B · 12,912
Exxonmobil Pension Plan $11.6B · 23,661
Caterpillar Inc. Retirement Income Plan $9.5B · 12,815
Bp Retirement Accumulation Plan $5.4B · 9,156

Compare IBEW Local 716 Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to IBEW Local 716 Pension Plan by total assets, not by location.

Dairy Farmers of America, Inc. Retirement Plan (KS) $177M · 385
Retirement Plan of San Jose Water Company (CA) $177M · 357
Retirement Plan for Employees of Woods Hole Oceanographic Institution (MA) $177M · 329
Driv Employees Retirement Plan (MI) $177M · 606

Frequently Asked Questions

How did IBEW Local 716 Pension Plan assets move in 2022? ▼

IBEW Local 716 Pension Plan declined sharply - down 15.2% during 2022, from $208M to $177M. Reported net income was -$31M.

Where does IBEW Local 716 Pension Plan rank by assets among Form 5500 filers? ▼

IBEW Local 716 Pension Plan ranks in the 95th 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 IBEW Local 716 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Dairy Farmers of America, Inc. Retirement Plan in KS ($177M, 385 participants).

Next read for IBEW Local 716 Pension Plan

Filing takeaways

Ways to act on IBEW Local 716 Pension Plan's numbers.

By total assets, IBEW Local 716 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 Texas. Compare plans

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 746174674.