Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees International Brotherh Electrical Workers Pension Pl Pension Plan

Data updated 2026-08-25

$487M
Total assets Above avg plan size
2,548
Participants Above avg headcount
98th
Percentile by assets National rank
$191,260
Avg per participant Above avg balance/head
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Official DOL plan name: International Brotherhood of Electrical Workers Local Union 98 Pension Plan · Sponsored by Board of Trustees International Brotherh Electrical Workers Pension Pl · Pennsylvania · Construction

$487M in assets, 2,548 participants

Board of Trustees International Brotherh Electrical Workers Pension Pl's International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported $487M in total assets and 2,548 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #9,703 in Construction (9,927 peers)

Coverage in Pennsylvania

International Brotherhood of Electrical Workers Local Union 98 Pension Plan covers 2,548 participants in Pennsylvania, 3.1x the typical Pennsylvania plan (state average ~822 per filing). Assets: $487M.

#9,703
in Construction (9,927 peers)
-12.9%
assets change YoY
4.9×
vs typical plan assets (national mean)

The plan reported a net loss of $73M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

International Brotherhood of Electrical Workers Local Union 98 Pension Plan's outsized position by total assets

International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs every filed plan by assets

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

$487,329,753 Top 2% higher than 98% 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

International Brotherhood of Electrical Workers Local Union 98 Pension Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. International Brotherhood of Electrical Workers Local Union 98 Pension Plan lands in the large band (2,548 participants).

Plan-year Form 5500 strip

Filing strip 231990722 · Board of Trustees International Brotherh Electrical Workers Pension Pl PY 2022 · Defined Benefit (Pension)

International Brotherhood of Electrical Workers Local Union 98 Pension Plan · $487M · 2,548 · 98th

  • BOY $487M
  • BOY 2,548
  • BOY 98th
  • BOY Defined Benefit (Pension)
  • BOY near Joint Pension Fund Local Union IBEW
  • BOY ind #9703

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 →

International Brotherhood of Electrical Workers Local Union 98 Pension Plan in the asset neighbourhood

Haworth Pension Plan$488MInternational Brotherhood of Electrical Workers Local Union 98 Pension PlanInternational Brotherhood of…$487MJoint Pension Fund Local Union IBEWJoint Pension Fund Local Uni…$487MAmerica First Credit Union Pension PlanAmerica First Credit Union P…$487MIBEW Local 1249 Pension Plan$486M
End-of-year total assets ($M) among International Brotherhood of Electrical Workers Local Union 98 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$559M
Net Assets (End of Year)$486M
Net Income-$73M
Employer EIN231990722
Plan Effective Date1961-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees International Brotherh Electrical Workers Pension Pl)

Sponsor-wide plan assets over time

All Board of Trustees International Brotherh Electrical Workers Pension Pl plans reported in each filing year

Latest sponsor-wide plan assets
$624M 28.045610833041014% vs 2022
2024 filing year
$450M$500M$550M$600M$650M 202220232024 $487M $624M ▲ +28.0%
Year Plans Participants Total Assets
2022 1 2,548 $487M
2023 1 2,487 $555M
2024 1 2,573 $624M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants International Brotherhood of Electrical Workers Local Union 98 Pension Plan, Total assets ($B): 0.487329753 · Participants: 2548International Brotherhood of Electrical Workers Local Union 98 Pension PlanNational 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
International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

International Brotherhood of Electrical Workers Local Union 98 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Joint Pension Fund Local Union IBEW in NJ ($487M); by covered participants it is Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries in HI (2,548 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($487M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,548 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 International Brotherhood of Electrical Workers Local Union 98 Pension Plan assets move in 2022? ▼
International Brotherhood of Electrical Workers Local Union 98 Pension Plan pulled back noticeably - down 12.9% during 2022, from $559M to $487M. Reported net income was -$73M.
How have Board of Trustees International Brotherh Electrical Workers Pension Pl plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees International Brotherh Electrical Workers Pension Pl's sponsor-wide assets grew 28.0%, from $487M to $624M.
Where does International Brotherhood of Electrical Workers Local Union 98 Pension Plan rank by assets among Form 5500 filers? ▼
International Brotherhood of Electrical Workers Local Union 98 Pension Plan ranks in the 98th 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 International Brotherhood of Electrical Workers Local Union 98 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Joint Pension Fund Local Union IBEW in NJ ($487M, 2,247 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to International Brotherhood of Electrical Workers Local Union 98 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries in HI (2,548 participants, $1.7B in assets).