Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Local 688 Pension Plan Pension Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
143
Participants Small participant base
78th
Percentile by assets National rank
$151,262
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 688 Pension Plan · Sponsored by IBEW Local 688 Pension Plan · Ohio · Construction

$22M in assets, 143 participants

IBEW Local 688 Pension Plan's IBEW Local 688 Pension Plan reported $22M in total assets and 143 participants in its 2022 DOL Form 5500 filing, ranking in the 78th 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.

  • #7,716 in Construction (9,927 peers)

Coverage in Ohio

IBEW Local 688 Pension Plan covers 143 participants in Ohio, about 19% of the average Ohio filer (state average ~765 per filing). Assets: $22M.

#7,716
in Construction (9,927 peers)
+2.1%
assets growth YoY
0.2×
vs typical plan assets (national mean)

IBEW Local 688 Pension Plan's outsized position by total assets

IBEW Local 688 Pension Plan vs every filed plan by assets

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

$21,630,408 Top 22% higher than 78% 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 688 Pension 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 688 Pension Plan sits mid-pack in the medium band (143 participants).

DOL schedule card

Filing strip 346700779 · IBEW Local 688 Pension Plan PY 2022 · Defined Benefit (Pension)

IBEW Local 688 Pension Plan · $22M · 143 · 78th

  • EOY $22M
  • EOY 143
  • EOY 78th
  • EOY Defined Benefit (Pension)
  • EOY near The Barton Group Pension Plan
  • EOY ind #7716

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 Ohio →

IBEW Local 688 Pension Plan in the asset neighbourhood

The Springs Company Noncontributory Retirement PlanThe Springs Company Noncontr…$22MIBEW Local 688 Pension Plan$22MThe Barton Group Pension Plan$22MHill's Pet Nutrition, Inc. Union Employees Pension PlanHill's Pet Nutrition, Inc. U…$22MFairbanks Scales Inc. Pension PlanFairbanks Scales Inc. Pensio…$22M
End-of-year total assets ($M) among IBEW Local 688 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$21M
Net Income$451K
Employer EIN346700779
Plan Effective Date1973-06-16
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 688 Pension Plan)

Sponsor-wide plan assets over time

All IBEW Local 688 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2023 filing year
$0M$10M$20M$30M 20222023 $21.6M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 143 $22M
2023 1 N/A N/A

Nearby Defined Benefit (Pension) Plans in Ohio

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

IBEW Local 688 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -202468 Total assets ($B) Participants IBEW Local 688 Pension Plan, Total assets ($B): 0.021630408 · Participants: 143IBEW Local 688 Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.559275463 · Participants: 12346Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.017579718 · Participants: 22597Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.498685298 · Participants: 15837American Electric Power System Retirement PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.394372488 · Participants: 9749Ohio Operating Engineers Pension PlanLaborers District Council & Contractors Pension Fund of Ohio, Total assets ($B): 2.645337912 · Participants: 13583Laborers District Council & Contractors Pension Fund of Ohio
IBEW Local 688 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare IBEW Local 688 Pension Plan side-by-side with 3 peers →

IBEW Local 688 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is The Barton Group Pension Plan in NY ($22M); by covered participants it is Weil, Gotshal & Manges Partners' Defined Benefit Plan in NY (143 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (143 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 688 Pension Plan assets move in 2022? ▼
IBEW Local 688 Pension Plan edged up modestly - up 2.1% during 2022, from $21M to $22M. Reported net income was $451K.
Where does IBEW Local 688 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 688 Pension Plan ranks in the 78th 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 688 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Barton Group Pension Plan in NY ($22M, 46 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 688 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Weil, Gotshal & Manges Partners' Defined Benefit Plan in NY (143 participants, $343M 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 346700779.

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.