IBEW Local 716 Pension Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Board of Trustees of IBEW Local 716 Pension Plan · Texas · Construction
What the 2023 filing shows
IBEW Local 716 Pension Plan holds $177M for 2,200 participants — about $80,329 per participant, down 15.2% over the 2022 plan year.
- $177M
- total plan assets (2022 EOY)
- 2,200
- covered participants
- $80,329
- avg assets per participant
- -15.2%
- assets change YoY
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.
What the Filing Says About IBEW Local 716 Pension Plan
IBEW Local 716 Pension Plan is a Other retirement plan sponsored by Board of Trustees of IBEW Local 716 Pension Plan, headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $177M in total end-of-year assets and covers 2,200 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 746174674, and the plan has been effective since 1965-07-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $208M at the beginning of 2022 to $177M at year-end — a decline of 15.2%. Net assets (after liabilities) closed the year at $177M, with reported net income of $-31,466,859 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.
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) | $208M |
| Total Assets (End of Year) | $177M |
| Net Assets (End of Year) | $177M |
| Net Income | $-31,466,859 |
| Plan Type | Other |
| Employer EIN | 746174674 |
| Plan Effective Date | 1965-07-01 |
| Filing Status | FILING RECEIVED |
Nearby Other Plans in Texas
Peer Other plans — same state, same plan type — ranked by total assets.
- Sammons Enterprises, Inc. Employee Stock Ownership Plan $21.2B · 3,000
- Caterpillar Inc. Non-Contributory Pension Plan $2.6B · 1,921
- Celanese Americas Retirement Pension Plan $2.1B · 1,192
- Laborers National Pension Fund $1.5B · 10,090
- Highland Homes Employee Stock Ownership Plan $885M · 791
Related Data
Guides
Frequently Asked Questions
How much money is in the IBEW Local 716 Pension Plan? ▼
What type of plan is IBEW Local 716 Pension Plan? ▼
Who sponsors the IBEW Local 716 Pension Plan? ▼
How did IBEW Local 716 Pension Plan perform in 2022? ▼
Where can I find official filings for IBEW Local 716 Pension Plan? ▼
How does IBEW Local 716 Pension Plan compare to other plans? ▼
Explore PlainRetire
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.
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.