Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Local Union 98 Pension Plan

Data updated 2026-08-25

$99M
Total assets Below avg plan size
543
Participants Below avg headcount
93rd
Percentile by assets National rank
$183,009
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local Union No. 98, Zone 2 Pension Trust Fund · Sponsored by IBEW Local Union 98 · Pennsylvania · Construction

$99M in assets, 543 participants

IBEW Local Union 98's IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported $99M in total assets and 543 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd 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.

  • #9,080 in Construction (9,927 peers)

Where IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits by assets

IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits in the top 10% of all filed plans by assets, $99M for 543 participants (~$183,009/participant), down 9.7% in 2022.

#9,080
in Construction (9,927 peers)
-9.7%
assets change YoY
1.0×
vs typical plan assets (national mean)

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local Union No. 98, Zone 2 Pension Trust Fund's outsized position by total assets

IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs every filed plan by assets

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

$99,373,713 Top 7% higher than 93% 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

IBEW Local Union No. 98, Zone 2 Pension Trust Fund 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. IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits mid-pack in the medium band (543 participants).

Form 5500 schedule snapshot

Filing strip 236583334 · IBEW Local Union 98 PY 2022 · Defined Benefit (Pension)

IBEW Local Union No. 98, Zone 2 Pension Trust Fund · $99M · 543 · 93rd

  • 5500 $99M
  • ASSETS 543
  • PCT 93rd
  • EIN Defined Benefit (Pension)
  • RANK near Plumbers Union Local No. 55 Pension Plan
  • PHOTO ind #9080

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 Pennsylvania →

IBEW Local Union No. 98, Zone 2 Pension Trust Fund in the asset neighbourhood

Grinnell Mutual Retirement PlanGrinnell Mutual Retirement P…$100MDonaldson Company, Inc. Hourly Employees Pension PlanDonaldson Company, Inc. Hour…$100MThe Dial Corporation Future Security PlanThe Dial Corporation Future …$100MIBEW Local Union No. 98, Zone 2 Pension Trust FundIBEW Local Union No. 98, Zon…$99MPlumbers Union Local No. 55 Pension PlanPlumbers Union Local No. 55 …$99M
End-of-year total assets ($M) among IBEW Local Union No. 98, Zone 2 Pension Trust Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$110M
Net Assets (End of Year)$99M
Net Income-$10M
Employer EIN236583334
Plan Effective Date1962-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union 98)

Sponsor-wide plan assets over time

All IBEW Local Union 98 plans reported in each filing year

Latest sponsor-wide plan assets
$119M 19.453999872179477% vs 2022
2024 filing year
$90M$100M$110M$120M$130M 202220232024 $99.4M $119M ▲ +19.5%
Year Plans Participants Total Assets
2022 1 543 $99M
2023 1 559 $110M
2024 1 598 $119M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants IBEW Local Union No. 98, Zone 2 Pension Trust Fund, Total assets ($B): 0.099373713 · Participants: 543IBEW Local Union No. 98, Zone 2 Pension Trust FundNational Elevator Industry Pension Plan, Total assets ($B): 10.401485458 · Participants: 27097National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 5.908424468 · Participants: 52395Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.402519 · Participants: 63731The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.359207207 · Participants: 5314Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 4.968344232 · Participants: 8098The Bank of New York Mellon Corporation Pension Plan
IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare IBEW Local Union No. 98, Zone 2 Pension Trust Fund side-by-side with 3 peers →

IBEW Local Union No. 98, Zone 2 Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Plumbers Union Local No. 55 Pension Plan in OH ($99M); by covered participants it is Upstate New York Bakery Drivers and Industry Pension Fund in NY (543 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($99M here).

Similar participant headcount

Nearest other-state filings by covered participants (543 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 IBEW Local Union No. 98, Zone 2 Pension Trust Fund assets move in 2022? ▼
IBEW Local Union No. 98, Zone 2 Pension Trust Fund pulled back noticeably - down 9.7% during 2022, from $110M to $99M. Reported net income was -$10M.
How have IBEW Local Union 98 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local Union 98's sponsor-wide assets grew 19.5%, from $99M to $119M.
Where does IBEW Local Union No. 98, Zone 2 Pension Trust Fund rank by assets among Form 5500 filers? ▼
IBEW Local Union No. 98, Zone 2 Pension Trust Fund ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local Union No. 98, Zone 2 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Plumbers Union Local No. 55 Pension Plan in OH ($99M, 426 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local Union No. 98, Zone 2 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Upstate New York Bakery Drivers and Industry Pension Fund in NY (543 participants, $102M 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 236583334.

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.