Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Local No. 229 Pension Fund Pension Plan

Data updated 2026-08-11

$35M
Total assets
219
Participants
85th
Percentile by assets
$162,038
Avg per participant
PlainRetire home → About this data

Official DOL plan name: IBEW Local No. 229 Pension Fund · Sponsored by IBEW Local No. 229 Pension Fund · Virginia · Construction

$35M in assets, 219 participants

IBEW Local No. 229 Pension Fund's IBEW Local No. 229 Pension Fund reported $35M in total assets and 219 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • 85th percentile by assets (of 139,126 plans)
  • #8,287 in Construction (9,927 peers)

Coverage in Virginia

IBEW Local No. 229 Pension Fund covers 219 participants in Virginia, about 28% of the average Virginia filer (state average ~782 per filing). Assets: $35M.

$35M
total plan assets (2022 EOY)
219
covered participants
85th
percentile by assets (of 139,126 plans)
$162,038
avg assets per participant

The plan reported a net loss of $322K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where IBEW Local No. 229 Pension Fund sits by total assets

IBEW Local No. 229 Pension Fund vs every filed plan by assets

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

$35,486,234 Top 15% higher than 85% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Virginia
Industry
Construction

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. IBEW Local No. 229 Pension Fund reports 219 participants - about 28% of that state average ($35M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$35M
Net Income-$322K
Employer EIN236399737
Plan Effective Date1964-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local No. 229 Pension Fund)

$30M$35M$40M$45M$50M 202220232024 $35.5M $45.4M ▲ +27.8%
Total plan assets by year, all IBEW Local No. 229 Pension Fund plans on file
Year Plans Participants Total Assets
2022 1 219 $35M
2023 1 227 $41M
2024 1 238 $45M

Nearby Defined Benefit (Pension) Plans in Virginia

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

IBEW Local No. 229 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants IBEW Local No. 229 P…, Total assets ($B): 0.035486234 · Participants: 219IBEW Local No. 229 P…Northrop Grumman Pen…, Total assets ($B): 18.331391337 · Participants: 14867Northrop Grumman Pen…Retirement Security …, Total assets ($B): 9.385168374 · Participants: 54531Retirement Security …Ng Space&mission Sys…, Total assets ($B): 8.061267673 · Participants: 7799Ng Space&mission Sys…Dominion Energy Pens…, Total assets ($B): 7.265847838 · Participants: 12832Dominion Energy Pens…Sheet Metal Workers'…, Total assets ($B): 7.155241333 · Participants: 61068Sheet Metal Workers'…
IBEW Local No. 229 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare IBEW Local No. 229 Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to IBEW Local No. 229 Pension Fund by total assets, not by location.

Frequently Asked Questions

How did IBEW Local No. 229 Pension Fund assets move in 2022? ▼
IBEW Local No. 229 Pension Fund held essentially flat - down 0.9% during 2022, from $36M to $35M. Reported net income was -$322K.
How have IBEW Local No. 229 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 229 Pension Fund's sponsor-wide assets grew 27.8%, from $35M to $45M.
Where does IBEW Local No. 229 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local No. 229 Pension Fund ranks in the 85th 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 Defined Benefit (Pension) plans are similar in size to IBEW Local No. 229 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is K&l Gates Partner Cash Balance Pension Plan Beta in PA ($35M, 329 participants).

Next read for IBEW Local No. 229 Pension Fund

Filing takeaways

Ways to act on IBEW Local No. 229 Pension Fund's numbers.

  • By total assets, IBEW Local No. 229 Pension Fund ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
  • IBEW Local No. 229 Pension Fund's sponsor-wide assets have grown 27.8% 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 236399737.

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.