Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees IBEW Local 56 Pension Plan Pension Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size
207
Participants Below avg headcount
90th
Percentile by assets National rank
$315,072
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 56 Pension Plan · Sponsored by Board of Trustees IBEW Local 56 Pension Plan · Pennsylvania · Construction

$65M in assets, 207 participants

Board of Trustees IBEW Local 56 Pension Plan's IBEW Local 56 Pension Plan reported $65M in total assets and 207 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #8,779 in Construction (9,927 peers)

Coverage in Pennsylvania

IBEW Local 56 Pension Plan covers 207 participants in Pennsylvania, about 25% of the average Pennsylvania filer (state average ~822 per filing). Assets: $65M.

#8,779
in Construction (9,927 peers)
-2.2%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local 56 Pension Plan's outsized position by total assets

IBEW Local 56 Pension Plan vs every filed plan by assets

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

$65,219,853 Top 10% higher than 90% 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 56 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. IBEW Local 56 Pension Plan sits mid-pack in the medium band (207 participants).

Form 5500 schedule snapshot

Filing strip 256149244 · Board of Trustees IBEW Local 56 Pension Plan PY 2022 · Defined Benefit (Pension)

IBEW Local 56 Pension Plan · $65M · 207 · 90th

  • VS-ST $65M
  • VS-ST 207
  • VS-ST 90th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near The Scripps Research Institute Cash Balance Retirement Plan
  • VS-ST ind #8779

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 56 Pension Plan in the asset neighbourhood

Employees' Retirement Plan of Mitsubishi International CorporationEmployees' Retirement Plan o…$65MAmalgamated Sugar Company Salaried Retirement PlanAmalgamated Sugar Company Sa…$65MIBEW Local 56 Pension Plan$65MThe Scripps Research Institute Cash Balance Retirement PlanThe Scripps Research Institu…$65MThe Retirement Benefit Plan of Sc International Services, Inc. for Off, Mgmt & Spec, and Non-Mgt Non-Union PersonnelThe Retirement Benefit Plan …$65M
End-of-year total assets ($M) among IBEW Local 56 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$67M
Net Assets (End of Year)$65M
Net Income-$2M
Employer EIN256149244
Plan Effective Date1972-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 56 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 56 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$72M 10.202962278985819% vs 2022
2024 filing year
$64M$66M$68M$70M$72M$74M 202220232024 $65.2M $71.9M ▲ +10.2%
Year Plans Participants Total Assets
2022 1 207 $65M
2023 1 209 $69M
2024 1 228 $72M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

IBEW Local 56 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants IBEW Local 56 Pension Plan, Total assets ($B): 0.065219853 · Participants: 207IBEW Local 56 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
IBEW Local 56 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare IBEW Local 56 Pension Plan side-by-side with 3 peers →

IBEW Local 56 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is The Scripps Research Institute Cash Balance Retirement Plan in CA ($65M); by covered participants it is Snell & Wilmer L.L.P. Retirement Plan for Partners in AZ (207 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (207 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 56 Pension Plan assets move in 2022? ▼
IBEW Local 56 Pension Plan edged down modestly - down 2.2% during 2022, from $67M to $65M. Reported net income was -$2M.
How have Board of Trustees IBEW Local 56 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 56 Pension Plan's sponsor-wide assets grew 10.2%, from $65M to $72M.
Where does IBEW Local 56 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 56 Pension Plan ranks in the 90th 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 56 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Scripps Research Institute Cash Balance Retirement Plan in CA ($65M, 396 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 56 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Snell & Wilmer L.L.P. Retirement Plan for Partners in AZ (207 participants, $14M 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 256149244.

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.