Money Purchase · DOL Form 5500 · 2022
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan Money Purchase Plan
Data updated 2026-08-06
- $331M
- Total assets
- 1,999
- Participants
- 97th
- Percentile by assets
- $165,635
- Avg per participant
Official DOL plan name: IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · Sponsored by IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · Tennessee · Construction
$331M in assets, 1,999 participants
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan reported $331M in total assets and 1,999 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,258 plans)
- #9,605 in Construction (9,938 peers)
Where IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan sits by assets
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan sits in the top 5% of all filed plans by assets, $331M for 1,999 participants (~$165,635/participant), down 16.8% in 2022.
- $331M
- total plan assets (2022 EOY)
- 1,999
- covered participants
- 97th
- percentile by assets (of 139,258 plans)
- $165,635
- avg assets per participant
The plan reported a net loss of $67M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan vs the 2022 asset distribution
By assets, IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan outranks 97% of the 139,258 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.3x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $398M |
|---|---|
| Net Assets (End of Year) | $331M |
| Net Income | -$67M |
| Employer EIN | 351488049 |
| Plan Effective Date | 1979-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,999 | $331M |
| 2023 | 1 | 2,004 | $379M |
| 2024 | 1 | 2,070 | $434M |
Nearby Money Purchase Plans in Tennessee
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan vs. nearby Money Purchase plans in Tennessee, assets vs. participants
- Southern Electrical Retirement Fund $1.7B · 10,582
- U.a. Local Union No. 614 Pension Plan $166M · 1,308
- Midwest Pipe Trades Retirement Plan $159M · 1,481
- Millwright & Machinery Erectors Local 1192 Defined Contribution Pension Plan $98M · 853
- IBEW Local Union No. 915 Pension-Annuity Fund $85M · 1,794
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan by total assets, not by location.
- Cascade Pension Plan (OR) $331M · 2,092
- Aura, Inc. Money Purchase Pension Plan and Trust (DC) $328M · 1,377
- Nas Primary Retirement Plan (DC) $326M · 900
- IBEW & Electrical Industry Loc 697, Money Purchase Plan (IN) $337M · 951
Frequently Asked Questions
How did IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan assets move in 2022? ▼
How have IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan plan assets changed over time? ▼
Where does IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan? ▼
Next read for IBEW Local 16, AFL-CIO & Multi- Employer…
Scale reading
Ways to act on IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's numbers.
- By total assets, IBEW Local 16, AFL-CIO & Multi- Employer 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 Money Purchase plans in Tennessee. Compare plans
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's sponsor-wide assets have grown 31.2% since 2022 across 3 plan years on file. More Construction plans