401(k) · DOL Form 5500 · 2023

IBEW Local 1245 401(k) Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
79
Participants Small participant base
86th
Percentile by assets National rank
$678,070
Avg per participant High balance/head
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Official DOL plan name: IBEW Local Union 1245 Pension Plan · Sponsored by IBEW Local 1245 · California · Construction

$54M in assets, 79 participants

IBEW Local 1245's IBEW Local Union 1245 Pension Plan reported $54M in total assets and 79 participants in its 2023 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.

  • #7,591 in Construction (9,030 peers)

Where IBEW Local Union 1245 Pension Plan sits by assets

IBEW Local Union 1245 Pension Plan sits in the top quartile of all filed plans by assets, $54M for 79 participants (~$678,070/participant), up 11.4% in 2023.

#7,591
in Construction (9,030 peers)
+11.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

IBEW Local Union 1245 Pension Plan's outsized position by total assets

IBEW Local Union 1245 Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$53,567,567 Top 14% higher than 86% of 127,068 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 2023

IBEW Local Union 1245 Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local Union 1245 Pension Plan is a small filing (79 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local Union 1245 Pension Plan reported net income rose from -$9M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • IBEW Local Union 1245 Pension Plan end-of-year assets rose from $48M in the plan year 2022 filing to $54M in the plan year 2023 filing.
  • IBEW Local Union 1245 Pension Plan reported participants rose from 78 in the plan year 2022 filing to 79 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 686012285 · IBEW Local 1245 PY 2023 · 401(k)

IBEW Local Union 1245 Pension Plan · $54M · 79 · 86th

  • PHOTO $54M
  • PHOTO 79
  • PHOTO 86th
  • PHOTO 401(k)
  • PHOTO near Ulliman Schutte Construction, LLC 401(k) Profit Sharing Plan
  • PHOTO ind #7591

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 California →

IBEW Local Union 1245 Pension Plan in the asset neighbourhood

IBEW Local Union 1245 Pension PlanIBEW Local Union 1245 Pensio…$54MVeseris 401(k) Savings Plan$54MVernon Memorial Healthcare Employees Pension & Savings PlanVernon Memorial Healthcare E…$54MUlliman Schutte Construction, LLC 401(k) Profit Sharing PlanUlliman Schutte Construction…$54MBrady Services Holdings, Inc.$54M
End-of-year total assets ($M) among IBEW Local Union 1245 Pension Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$54M
Net Income$5M
Employer EIN686012285
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 1245)

Sponsor-wide plan assets over time

All IBEW Local 1245 plans reported in each filing year

Latest sponsor-wide plan assets
$61M 27.606549448249428% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $48.1M $61.4M ▲ +27.6%
Year Plans Participants Total Assets
2022 1 78 $48M
2023 1 79 $54M
2024 1 82 $61M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local Union 1245 Pension Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants IBEW Local Union 1245 Pension Plan, Total assets ($B): 0.053567567 · Participants: 79IBEW Local Union 1245 Pension PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
IBEW Local Union 1245 Pension Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare IBEW Local Union 1245 Pension Plan side-by-side with 3 peers →

IBEW Local Union 1245 Pension Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Ulliman Schutte Construction, LLC 401(k) Profit Sharing Plan in OH ($54M); by covered participants it is Heart of America Beverage Company, LLC 401(k) Plan in MO (79 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (79 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local Union 1245 Pension Plan assets move in 2023? ▼
IBEW Local Union 1245 Pension Plan grew at a solid clip - up 11.4% during 2023, from $48M to $54M. Reported net income was $5M.
How have IBEW Local 1245 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 1245's sponsor-wide assets grew 27.6%, from $48M to $61M.
Where does IBEW Local Union 1245 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local Union 1245 Pension Plan ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to IBEW Local Union 1245 Pension Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ulliman Schutte Construction, LLC 401(k) Profit Sharing Plan in OH ($54M, 268 participants).
Which 401(k) plans cover a similar participant headcount to IBEW Local Union 1245 Pension Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Heart of America Beverage Company, LLC 401(k) Plan in MO (79 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 686012285.

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.