Other · DOL Form 5500 · 2023

Joint Board of Trustees of IBEW Local 596 Pension Fund Retirement Plan

Data updated 2026-08-25

$78M
Total assets Below avg plan size
506
Participants Below avg headcount
89th
Percentile by assets National rank
$153,932
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: IBEW Local 596 Pension Fund · Sponsored by Joint Board of Trustees of IBEW Local 596 Pension Fund · West Virginia · Construction

$78M in assets, 506 participants

Joint Board of Trustees of IBEW Local 596 Pension Fund's IBEW Local 596 Pension Fund reported $78M in total assets and 506 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,908 in Construction (9,030 peers)

Where IBEW Local 596 Pension Fund sits by assets

IBEW Local 596 Pension Fund sits in the top quartile of all filed plans by assets, $78M for 506 participants (~$153,932/participant), up 14.8% in 2023.

#7,908
in Construction (9,030 peers)
+14.8%
assets growth YoY
0.8×
vs typical plan assets (national mean)

IBEW Local 596 Pension Fund's outsized position by total assets

IBEW Local 596 Pension Fund vs every filed plan by assets

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

$77,889,624 Top 11% higher than 89% 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 596 Pension Fund among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 596 Pension Fund sits mid-pack in the medium band (506 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 596 Pension Fund reported net income rose from -$13M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • IBEW Local 596 Pension Fund end-of-year assets rose from $68M in the plan year 2022 filing to $78M in the plan year 2023 filing.
  • IBEW Local 596 Pension Fund reported participants fell from 518 in the plan year 2022 filing to 506 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 550675342 · Joint Board of Trustees of IBEW Local 596 Pension Fund PY 2023 · Other

IBEW Local 596 Pension Fund · $78M · 506 · 89th

  • PART $78M
  • TYPE 506
  • NET 89th
  • BOOK Other
  • VS-ST near Baxter Regional Medical Center 403(b) Pension Plan
  • BOY ind #7908

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 West Virginia →

IBEW Local 596 Pension Fund in the asset neighbourhood

Ecri Institute Defined Contribution Retirement PlanEcri Institute Defined Contr…$78MIBEW Local 596 Pension Fund$78MBaxter Regional Medical Center 403(b) Pension PlanBaxter Regional Medical Cent…$78MDrake University Voluntary Tax-Deferred Annuity Retirement PlanDrake University Voluntary T…$78MHolzer Health System 403b PlanHolzer Health System 403b Pl…$78M
End-of-year total assets ($M) among IBEW Local 596 Pension Fund and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$68M
Net Assets (End of Year)$78M
Net Income$10M
Employer EIN550675342
Plan Effective Date1979-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees of IBEW Local 596 Pension Fund)

Sponsor-wide plan assets over time

All Joint Board of Trustees of IBEW Local 596 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$86M 26.878244637566667% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $67.9M $86.1M ▲ +26.9%
Year Plans Participants Total Assets
2022 1 518 $68M
2023 1 506 $78M
2024 1 515 $86M

Nearby Other Plans in West Virginia

Peer Other plans, same state, same plan type, ranked by total assets.

IBEW Local 596 Pension Fund vs. nearby Other plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 00.511.52 Total assets ($B) Participants IBEW Local 596 Pension Fund, Total assets ($B): 0.077889624 · Participants: 506IBEW Local 596 Pension FundWest Virginia University Health System 403(b) Retirement Savings Plan, Total assets ($B): 1.467425337 · Participants: 25400West Virginia University Health System 403(b) Retirement Savings PlanMaryland Electrical Industry Severance & Annuity F, Total assets ($B): 0.291868473 · Participants: 2645Maryland Electrical Industry Severance & Annuity FWest Virginia University Medical Corporation 403(b) Plan, Total assets ($B): 0.281583387 · Participants: 1761West Virginia University Medical Corporation 403(b) PlanCamc Health System, Inc. Retirement Savings Plan, Total assets ($B): 0.228152181 · Participants: 0Camc Health System, Inc. Retirement Savings PlanLocal Union 317 Electrical Pension Plan, Total assets ($B): 0.159972427 · Participants: 744Local Union 317 Electrical Pension Plan
IBEW Local 596 Pension Fund vs. nearby Other plans in West Virginia, assets vs. participants
Compare IBEW Local 596 Pension Fund side-by-side with 3 peers →

IBEW Local 596 Pension Fund's out-of-state Other peers by assets and headcount

Outside West Virginia, the nearest Other by assets is Baxter Regional Medical Center 403(b) Pension Plan in AR ($78M); by covered participants it is Hartwick College 403(b) Retirement Plan in NY (506 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (506 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 596 Pension Fund assets move in 2023? ▼
IBEW Local 596 Pension Fund grew at a solid clip - up 14.8% during 2023, from $68M to $78M. Reported net income was $10M.
How have Joint Board of Trustees of IBEW Local 596 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Joint Board of Trustees of IBEW Local 596 Pension Fund's sponsor-wide assets grew 26.9%, from $68M to $86M.
Where does IBEW Local 596 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local 596 Pension Fund ranks in the 89th 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 Other plans are similar in size to IBEW Local 596 Pension Fund? ▼
Among Other plans in other states, the closest by assets is Baxter Regional Medical Center 403(b) Pension Plan in AR ($78M, 1,633 participants).
Which Other plans cover a similar participant headcount to IBEW Local 596 Pension Fund? ▼
Among Other plans in other states, the closest by covered participants is Hartwick College 403(b) Retirement Plan in NY (506 participants, $97M 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 550675342.

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.