Profit Sharing · DOL Form 5500 · 2022
Board of Trustees IBEW Local 56 Employees Deferred Savings Plan Profit Sharing Plan
Data updated 2026-08-11
- $42M
- Total assets
- 260
- Participants
- 86th
- Percentile by assets
- $162,589
- Avg per participant
Official DOL plan name: IBEW Local 56 Employees Deferred Savings Plan · Sponsored by Board of Trustees IBEW Local 56 Employees Deferred Savings Plan · Pennsylvania · Construction
$42M in assets, 260 participants
Board of Trustees IBEW Local 56 Employees Deferred Savings Plan's IBEW Local 56 Employees Deferred Savings Plan reported $42M in total assets and 260 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.
- 86th percentile by assets (of 139,126 plans)
- #8,428 in Construction (9,927 peers)
Coverage in Pennsylvania
IBEW Local 56 Employees Deferred Savings Plan covers 260 participants in Pennsylvania, about 32% of the average Pennsylvania filer (state average ~822 per filing). Assets: $42M.
- $42M
- total plan assets (2022 EOY)
- 260
- covered participants
- 86th
- percentile by assets (of 139,126 plans)
- $162,589
- avg assets per participant
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. IBEW Local 56 Employees Deferred Savings Plan reports 260 participants - about 32% of that state average ($42M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $42M |
|---|---|
| Net Assets (End of Year) | $42M |
| Net Income | $318K |
| Employer EIN | 251409929 |
| Plan Effective Date | 1979-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees IBEW Local 56 Employees Deferred Savings Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 260 | $42M |
| 2023 | 1 | 298 | $49M |
| 2024 | 1 | 306 | $54M |
Nearby Profit Sharing Plans in Pennsylvania
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
IBEW Local 56 Employees Deferred Savings 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
- International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan $958M · 3,904
- Temple University Health System, Inc. Defined Contribution Retirement Plan $640M · 9,017
- Steamfitters Local Union No. 420 Srp $587M · 6,353
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to IBEW Local 56 Employees Deferred Savings Plan by total assets, not by location.
- IBEW Local 129 Profit Sharing Annuity Plan (MI) $42M · 352
- Blue Bell Creameries, Inc. Employee Stock Ownership Plan (TX) $42M · 3,469
- Kittelson & Associates, Inc. 401(k) Retirement Plan (OR) $42M · 308
- The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. (WV) $42M · 280
Frequently Asked Questions
How did IBEW Local 56 Employees Deferred Savings Plan assets move in 2022? ▼
How have Board of Trustees IBEW Local 56 Employees Deferred Savings Plan plan assets changed over time? ▼
Where does IBEW Local 56 Employees Deferred Savings Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local 56 Employees Deferred Savings Plan? ▼
Next read for IBEW Local 56 Employees Deferred Savings…
Filing takeaways
Ways to act on IBEW Local 56 Employees Deferred Savings Plan's numbers.
- By total assets, IBEW Local 56 Employees Deferred Savings Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
- Board of Trustees IBEW Local 56 Employees Deferred Savings Plan's sponsor-wide assets have grown 26.6% since 2022 across 3 plan years on file. More Construction plans