Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Local No. 229 Pension Fund Pension Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
219
Participants Below avg headcount
85th
Percentile by assets National rank
$162,038
Avg per participant Above avg balance/head
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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.

  • #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.

#8,287
in Construction (9,927 peers)
-0.9%
assets change YoY
0.4×
vs typical plan assets (national mean)

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.

IBEW Local No. 229 Pension Fund's outsized position 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 $2,050,000,000 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 No. 229 Pension Fund 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 No. 229 Pension Fund sits mid-pack in the medium band (219 participants).

Plan-year Form 5500 strip

Filing strip 236399737 · IBEW Local No. 229 Pension Fund PY 2022 · Defined Benefit (Pension)

IBEW Local No. 229 Pension Fund · $35M · 219 · 85th

  • NET $35M
  • BOOK 219
  • VS-ST 85th
  • BOY Defined Benefit (Pension)
  • SCH near K&l Gates Partner Cash Balance Pension Plan Beta
  • EBSA ind #8287

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 Virginia →

IBEW Local No. 229 Pension Fund in the asset neighbourhood

The Hilliard Corporation Pension Plan for Non-Salaried EmployeesThe Hilliard Corporation Pen…$36MIBEW Local No. 229 Pension FundIBEW Local No. 229 Pension F…$35MK&l Gates Partner Cash Balance Pension Plan BetaK&l Gates Partner Cash Balan…$35MK&l Gates Partner Cash Balance Pension Plan AlphaK&l Gates Partner Cash Balan…$35MPension Plan for Employees of Jersey Shore Steel Company, Inc.Pension Plan for Employees o…$35M
End-of-year total assets ($M) among IBEW Local No. 229 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

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)

Sponsor-wide plan assets over time

All IBEW Local No. 229 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$45M 27.84285309058155% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $35.5M $45.4M ▲ +27.8%
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 ($B) Participants IBEW Local No. 229 Pension Fund, Total assets ($B): 0.035486234 · Participants: 219IBEW Local No. 229 Pension FundNorthrop Grumman Pension Plan, Total assets ($B): 18.331391337 · Participants: 14867Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 9.385168374 · Participants: 54531Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.061267673 · Participants: 7799Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 7.265847838 · Participants: 12832Dominion Energy Pension PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 7.155241333 · Participants: 61068Sheet Metal Workers' National Pension Fund
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 →

IBEW Local No. 229 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is K&l Gates Partner Cash Balance Pension Plan Beta in PA ($35M); by covered participants it is Retirement Income Plan for Employees of the Kws Seeds Group in MN (219 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (219 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 229 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Income Plan for Employees of the Kws Seeds Group in MN (219 participants, $25M 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 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.