Profit Sharing · DOL Form 5500 · 2022

Board of Trustees IBEW Local 56 Employees Deferred Savings Plan Profit Sharing Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
260
Participants Below avg headcount
86th
Percentile by assets National rank
$162,589
Avg per participant Above avg balance/head
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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.

  • #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.

#8,428
in Construction (9,927 peers)
+0.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local 56 Employees Deferred Savings Plan's outsized position by total assets

IBEW Local 56 Employees Deferred Savings Plan vs every filed plan by assets

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

$42,273,063 Top 14% higher than 86% 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 Employees Deferred Savings 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 Employees Deferred Savings Plan sits mid-pack in the medium band (260 participants).

Published 5500 schedule card

Filing strip 251409929 · Board of Trustees IBEW Local 56 Employees Deferred Savings Plan PY 2022 · Profit Sharing

IBEW Local 56 Employees Deferred Savings Plan · $42M · 260 · 86th

  • NET $42M
  • BOOK 260
  • VS-ST 86th
  • BOY Profit Sharing
  • SCH near IBEW Local 129 Profit Sharing Annuity Plan
  • EBSA ind #8428

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 Employees Deferred Savings Plan in the asset neighbourhood

The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc.The Profit Sharing and Retir…$42MBlue Bell Creameries, Inc. Employee Stock Ownership PlanBlue Bell Creameries, Inc. E…$42MIBEW Local 56 Employees Deferred Savings PlanIBEW Local 56 Employees Defe…$42MIBEW Local 129 Profit Sharing Annuity PlanIBEW Local 129 Profit Sharin…$42MKittelson & Associates, Inc. 401(k) Retirement PlanKittelson & Associates, Inc.…$42M
End-of-year total assets ($M) among IBEW Local 56 Employees Deferred Savings Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$42M
Net Income$318K
Employer EIN251409929
Plan Effective Date1979-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 56 Employees Deferred Savings Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 56 Employees Deferred Savings Plan plans reported in each filing year

Latest sponsor-wide plan assets
$54M 26.603108934878932% vs 2022
2024 filing year
$40M$45M$50M$55M 202220232024 $42.3M $53.5M ▲ +26.6%
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 Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants IBEW Local 56 Employees Deferred Savings Plan, Total assets ($B): 0.042273063 · Participants: 260IBEW Local 56 Employees Deferred Savings PlanEastern Atlantic States Carpenters Annuity Fund, Total assets ($B): 2.032358305 · Participants: 8058Eastern Atlantic States Carpenters Annuity FundUniversity of Pennsylvania Basic Plan, Total assets ($B): 1.417850182 · Participants: 14515University of Pennsylvania Basic PlanInternational Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan, Total assets ($B): 0.958457322 · Participants: 3904International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing PlanTemple University Health System, Inc. Defined Contribution Retirement Plan, Total assets ($B): 0.640341222 · Participants: 9017Temple University Health System, Inc. Defined Contribution Retirement PlanSteamfitters Local Union No. 420 Srp, Total assets ($B): 0.58659727 · Participants: 6353Steamfitters Local Union No. 420 Srp
IBEW Local 56 Employees Deferred Savings Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
Compare IBEW Local 56 Employees Deferred Savings Plan side-by-side with 3 peers →

IBEW Local 56 Employees Deferred Savings Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Pennsylvania, the nearest Profit Sharing by assets is IBEW Local 129 Profit Sharing Annuity Plan in MI ($42M); by covered participants it is Jewish Community Center of St Louis Retirement Plan in MO (260 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (260 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 Employees Deferred Savings Plan assets move in 2022? ▼
IBEW Local 56 Employees Deferred Savings Plan held essentially flat - up 0.9% during 2022, from $42M to $42M. Reported net income was $318K.
How have Board of Trustees IBEW Local 56 Employees Deferred Savings Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 56 Employees Deferred Savings Plan's sponsor-wide assets grew 26.6%, from $42M to $54M.
Where does IBEW Local 56 Employees Deferred Savings Plan rank by assets among Form 5500 filers? ▼
IBEW Local 56 Employees Deferred Savings Plan ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local 56 Employees Deferred Savings Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is IBEW Local 129 Profit Sharing Annuity Plan in MI ($42M, 352 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 56 Employees Deferred Savings Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Jewish Community Center of St Louis Retirement Plan in MO (260 participants, $4M 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 251409929.

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.