Defined Benefit (Pension) · DOL Form 5500 · 2022
Board of Trustees, 701 Pension Fund Pension Plan
Data updated 2026-08-11
- $429M
- Total assets
- 1,069
- Participants
- 98th
- Percentile by assets
- $401,247
- Avg per participant
Official DOL plan name: IBEW Local 701 Pension Fund · Sponsored by Board of Trustees, 701 Pension Fund · Illinois · Construction
$429M in assets, 1,069 participants
Board of Trustees, 701 Pension Fund's IBEW Local 701 Pension Fund reported $429M in total assets and 1,069 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)
- #9,663 in Construction (9,927 peers)
Where IBEW Local 701 Pension Fund sits by assets
IBEW Local 701 Pension Fund sits in the top 5% of all filed plans by assets, $429M for 1,069 participants (~$401,247/participant), up 0.8% in 2022.
- $429M
- total plan assets (2022 EOY)
- 1,069
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $401,247
- avg assets per participant
IBEW Local 701 Pension Fund vs the 2022 asset distribution
By assets, IBEW Local 701 Pension Fund outranks 98% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 4.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $426M |
|---|---|
| Net Assets (End of Year) | $429M |
| Net Income | $3M |
| Employer EIN | 366455509 |
| Plan Effective Date | 1971-12-21 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, 701 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,849 | $770M |
| 2023 | 2 | 2,820 | $874M |
| 2024 | 2 | 2,826 | $946M |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
IBEW Local 701 Pension Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
- Central States, Southeast & Southwest Areas Pension Plan $42.6B · 50,096
- State Farm Insurance Companies Retirement Plan for United States Employees $32.1B · 49,052
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,170
- John Deere Pension Plan for Salaried Employees $7.3B · N/A
- Abbott Laboratories Annuity Retirement Plan $6.8B · 16,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to IBEW Local 701 Pension Fund by total assets, not by location.
- Sfb Casualty Ins Co Retirement Plan (MS) $429M · 1,485
- Pension Plan of the Oregon Sheet Metal Workers Master Retirement Trust (OR) $431M · 1,589
- Td Banknorth Inc. Pension Plan (ME) $427M · 1,730
- Southern California Local 831 - Employer Pension Fund (CA) $431M · 494
Frequently Asked Questions
How did IBEW Local 701 Pension Fund assets move in 2022? ▼
How have Board of Trustees, 701 Pension Fund plan assets changed over time? ▼
Where does IBEW Local 701 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 701 Pension Fund? ▼
Next read for IBEW Local 701 Pension Fund
Scale reading
Ways to act on IBEW Local 701 Pension Fund's numbers.
- By total assets, IBEW Local 701 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Board of Trustees, 701 Pension Fund's sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Construction plans