401(k) · DOL Form 5500 · 2022

Board of Trustees of the IBEW Local No. 58 Annuity Fund 401(k) Plan

Data updated 2026-08-11

$699M
Total assets: 5,560
Participants: 98th
Percentile by assets: $125,781
Avg per participant

Official DOL plan name: IBEW Local No. 58 Annuity Fund · Sponsored by Board of Trustees of the IBEW Local No. 58 Annuity Fund · Michigan · Construction

$699M in assets, 5,560 participants

Board of Trustees of the IBEW Local No. 58 Annuity Fund's IBEW Local No. 58 Annuity Fund reported $699M in total assets and 5,560 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.

98th percentile by assets (of 139,126 plans)
#9,773 in Construction (9,927 peers)

Coverage in Michigan

IBEW Local No. 58 Annuity Fund covers 5,560 participants in Michigan, 8.7x the typical Michigan plan (state average ~638 per filing). Assets: $699M.

$699M
total plan assets (2022 EOY): 5,560
covered participants: 98th
percentile by assets (of 139,126 plans): $125,781
avg assets per participant

The plan reported a net loss of $96M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. IBEW Local No. 58 Annuity Fund reports 5,560 participants - 8.7x that state average ($699M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$796M
Net Assets (End of Year)	$699M
Net Income	-$96M
Employer EIN	382749515
Plan Effective Date	1987-06-03
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of the IBEW Local No. 58 Annuity Fund)

Total plan assets by year, all Board of Trustees of the IBEW Local No. 58 Annuity Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	5,560	$699M
2023	1	5,719	$821M
2024	1	5,385	$919M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local No. 58 Annuity Fund vs. nearby 401(k) plans in Michigan, assets vs. participants

General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811

Compare IBEW Local No. 58 Annuity Fund side-by-side with 3 peers →

Scale composition for IBEW Local No. 58 Annuity Fund

IBEW Local No. 58 Annuity Fund reports $699M in end-of-year assets across 5,560 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $125,781 per participant (91% of the national average assets-per-participant) . Net income for plan year 2022 was -$96M.

The same sponsor also keeps 1 other index-core plan on PlainRetire:

IBEW Local No. 58 Annuity Fund (401(k), $919M, 5,385 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to IBEW Local No. 58 Annuity Fund by total assets, not by location.

Njm 401(k) Retirement Plan (NJ) $699M · 2,406
Morningstar, Inc. 401(k) Plan (IL) $700M · 3,089
Salem Health Hospitals & Clinics Retirement Plan (OR) $700M · 4,803
Nasdaq, Inc. 401(k) Savings Plan (MD) $699M · 2,088

Frequently Asked Questions

How did IBEW Local No. 58 Annuity Fund assets move in 2022? ▼

IBEW Local No. 58 Annuity Fund pulled back noticeably - down 12.1% during 2022, from $796M to $699M. Reported net income was -$96M.

How have Board of Trustees of the IBEW Local No. 58 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of the IBEW Local No. 58 Annuity Fund's sponsor-wide assets grew 31.5%, from $699M to $919M.

Where does IBEW Local No. 58 Annuity Fund rank by assets among Form 5500 filers? ▼

IBEW Local No. 58 Annuity Fund 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 401(k) plans are similar in size to IBEW Local No. 58 Annuity Fund? ▼

Among 401(k) plans in other states, the closest by assets is Njm 401(k) Retirement Plan in NJ ($699M, 2,406 participants).

Next read for IBEW Local No. 58 Annuity Fund

Filing takeaways

Ways to act on IBEW Local No. 58 Annuity Fund's numbers.

By total assets, IBEW Local No. 58 Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
Board of Trustees of the IBEW Local No. 58 Annuity Fund's sponsor-wide assets have grown 31.5% since 2022 across 3 plan years on file. More Construction plans

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 382749515.