Profit Sharing · DOL Form 5500 · 2022
Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan Profit Sharing Plan
Data updated 2026-08-06
- $958M
- Total assets
- 3,904
- Participants
- 99th
- Percentile by assets
- $245,506
- Avg per participant
Official DOL plan name: International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan · Sponsored by Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan · Pennsylvania · Construction
$958M in assets, 3,904 participants
Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reported $958M in total assets and 3,904 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,258 plans)
- #9,825 in Construction (9,938 peers)
Coverage in Pennsylvania
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan covers 3,904 participants in Pennsylvania, 4.7x the typical Pennsylvania plan (state average ~824 per filing). Assets: $958M.
- $958M
- total plan assets (2022 EOY)
- 3,904
- covered participants
- 99th
- percentile by assets (of 139,258 plans)
- $245,506
- avg assets per participant
The plan reported a net loss of $182M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reports 3,904 participants - 4.7x that state average ($958M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $958M |
| Net Income | -$182M |
| Employer EIN | 232289872 |
| Plan Effective Date | 1983-07-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,904 | $958M |
| 2023 | 1 | 3,905 | $1.1B |
| 2024 | 1 | 3,927 | $1.3B |
Nearby Profit Sharing Plans in Pennsylvania
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
- Eastern Atlantic States Carpenters Annuity Fund $2.0B · 8,058
- University of Pennsylvania Basic Plan $1.4B · 14,515
- Temple University Health System, Inc. Defined Contribution Retirement Plan $640M · 9,017
- Steamfitters Local Union No. 420 Srp $587M · 6,353
- Morgan, Lewis & Bockius LLP Defined Contribution Plan $558M · 2,434
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan by total assets, not by location.
- Raymond James Financial, Inc. & Affiliates Profit Sharing Plan (FL) $985M · 14,201
- Major League Baseball Players Investment Plan (MD) $928M · 4,122
- Charter Communications, Inc. Retirement Accumulation Plan (NC) $993M · 88,468
- Dartmouth-Hitchcock Retirement Plan (NH) $905M · 11,434
Frequently Asked Questions
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How have Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan plan assets changed over time? ▼
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Filing takeaways
Ways to act on International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan's numbers.
- By total assets, International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
- Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's sponsor-wide assets have grown 31.4% since 2022 across 3 plan years on file. More Construction plans