Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Joint Pension Fund Local 456 Pension Plan

Data updated 2026-08-25

$244M
Total assets Near avg plan size
807
Participants Near avg headcount
96th
Percentile by assets National rank
$302,672
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local 456 Pension Plan · Sponsored by IBEW Joint Pension Fund Local 456 · New Jersey · Construction

$244M in assets, 807 participants

IBEW Joint Pension Fund Local 456's I.B.E.W. Local 456 Pension Plan reported $244M in total assets and 807 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #9,486 in Construction (9,927 peers)

Where I.B.E.W. Local 456 Pension Plan sits by assets

I.B.E.W. Local 456 Pension Plan sits in the top 5% of all filed plans by assets, $244M for 807 participants (~$302,672/participant), down 14.9% in 2022.

#9,486
in Construction (9,927 peers)
-14.9%
assets change YoY
2.5×
vs typical plan assets (national mean)

The plan reported a net loss of $43M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

I.B.E.W. Local 456 Pension Plan's outsized position by total assets

I.B.E.W. Local 456 Pension Plan vs every filed plan by assets

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

$244,256,032 Top 4% higher than 96% 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

I.B.E.W. Local 456 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. I.B.E.W. Local 456 Pension Plan sits mid-pack in the medium band (807 participants).

Published 5500 schedule card

Filing strip 226238995 · IBEW Joint Pension Fund Local 456 PY 2022 · Defined Benefit (Pension)

I.B.E.W. Local 456 Pension Plan · $244M · 807 · 96th

  • EOY $244M
  • EOY 807
  • EOY 96th
  • EOY Defined Benefit (Pension)
  • EOY near Community Bank System, Inc. Pension Plan
  • EOY ind #9486

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 New Jersey →

I.B.E.W. Local 456 Pension Plan in the asset neighbourhood

Retirement Income Plan for Hourly-Rated Employees of Asarco LLCRetirement Income Plan for H…$245MCommunity Bank System, Inc. Pension PlanCommunity Bank System, Inc. …$244MI.B.E.W. Local 456 Pension PlanI.B.E.W. Local 456 Pension P…$244MWhite & Case LLP Pension Plan$244MBic Corporation Employees' Pension PlanBic Corporation Employees' P…$243M
End-of-year total assets ($M) among I.B.E.W. Local 456 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$287M
Net Assets (End of Year)$243M
Net Income-$43M
Employer EIN226238995
Plan Effective Date1956-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Joint Pension Fund Local 456)

Sponsor-wide plan assets over time

All IBEW Joint Pension Fund Local 456 plans reported in each filing year

Latest sponsor-wide plan assets
$302M 23.539304445918454% vs 2022
2024 filing year
$220M$240M$260M$280M$300M$320M 202220232024 $244M $302M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 807 $244M
2023 1 766 $276M
2024 1 794 $302M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants I.B.E.W. Local 456 Pension Plan, Total assets ($B): 0.244256032 · Participants: 807I.B.E.W. Local 456 Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 19.833052673 · Participants: 38100Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 14.820156855 · Participants: 102340JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 14.495801 · Participants: 7413Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.277296822 · Participants: 17538The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.941506503 · Participants: 25746Verizon Pension Plan for Associates
I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local 456 Pension Plan side-by-side with 3 peers →

I.B.E.W. Local 456 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Community Bank System, Inc. Pension Plan in NY ($244M); by covered participants it is Northwest Bricklayers Pension Plan in OR (807 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($244M here).

Similar participant headcount

Nearest other-state filings by covered participants (807 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 I.B.E.W. Local 456 Pension Plan assets move in 2022? ▼
I.B.E.W. Local 456 Pension Plan pulled back noticeably - down 14.9% during 2022, from $287M to $244M. Reported net income was -$43M.
How have IBEW Joint Pension Fund Local 456 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Joint Pension Fund Local 456's sponsor-wide assets grew 23.5%, from $244M to $302M.
Where does I.B.E.W. Local 456 Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 456 Pension Plan ranks in the 96th 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 I.B.E.W. Local 456 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Community Bank System, Inc. Pension Plan in NY ($244M, 2,454 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local 456 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Northwest Bricklayers Pension Plan in OR (807 participants, $113M 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 226238995.

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.