Money Purchase · DOL Form 5500 · 2023

IBEW Lu # 654 Pension Fund Trustees Money Purchase Plan

Data updated 2026-08-25

$139M
Total assets Near avg plan size
438
Participants Below avg headcount
93rd
Percentile by assets National rank
$316,499
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local Union # 654 Defined Contribution Plan · Sponsored by IBEW Lu # 654 Pension Fund Trustees · New Jersey · Construction

$139M in assets, 438 participants

IBEW Lu # 654 Pension Fund Trustees's I.B.E.W. Local Union # 654 Defined Contribution Plan reported $139M in total assets and 438 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #8,269 in Construction (9,030 peers)

Where I.B.E.W. Local Union # 654 Defined Contribution Plan sits by assets

I.B.E.W. Local Union # 654 Defined Contribution Plan sits in the top 10% of all filed plans by assets, $139M for 438 participants (~$316,499/participant), up 18.4% in 2023.

#8,269
in Construction (9,030 peers)
+18.4%
assets growth YoY
1.4×
vs typical plan assets (national mean)

I.B.E.W. Local Union # 654 Defined Contribution Plan's outsized position by total assets

I.B.E.W. Local Union # 654 Defined Contribution Plan vs every filed plan by assets

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

$138,626,403 Top 7% higher than 93% 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

I.B.E.W. Local Union # 654 Defined Contribution Plan 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. I.B.E.W. Local Union # 654 Defined Contribution Plan sits mid-pack in the medium band (438 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local Union # 654 Defined Contribution Plan reported net income rose from -$18M in the plan year 2022 filing to $22M in the plan year 2023 filing.
  • I.B.E.W. Local Union # 654 Defined Contribution Plan end-of-year assets rose from $117M in the plan year 2022 filing to $139M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 236538183 · IBEW Lu # 654 Pension Fund Trustees PY 2023 · Money Purchase

I.B.E.W. Local Union # 654 Defined Contribution Plan · $139M · 438 · 93rd

  • 5500 $139M
  • 5500 438
  • 5500 93rd
  • 5500 Money Purchase
  • 5500 near Teamsters Local 802 Annuity Fund
  • 5500 ind #8269

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 New Jersey →

I.B.E.W. Local Union # 654 Defined Contribution Plan in the asset neighbourhood

Teamsters Local 802 Annuity FundTeamsters Local 802 Annuity …$140MI.B.E.W. Local Union # 654 Defined Contribution PlanI.B.E.W. Local Union # 654 D…$139MCarolina Electrical Workers Retirement FundCarolina Electrical Workers …$136MLundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center Defined Contribution PlanLundquist Institute for Biom…$136MAspirus, Inc. Frozen 401(a) PlanAspirus, Inc. Frozen 401(a) …$135M
End-of-year total assets ($M) among I.B.E.W. Local Union # 654 Defined Contribution Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$117M
Net Assets (End of Year)$139M
Net Income$22M
Employer EIN236538183
Plan Effective Date1980-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Lu # 654 Pension Fund Trustees)

Sponsor-wide plan assets over time

All IBEW Lu # 654 Pension Fund Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$309M 25.598996966367814% vs 2022
2024 filing year
$220M$240M$260M$280M$300M$320M 202220232024 $246M $309M ▲ +25.6%
Year Plans Participants Total Assets
2022 2 845 $246M
2023 2 849 $278M
2024 2 857 $309M

Nearby Money Purchase Plans in New Jersey

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

I.B.E.W. Local Union # 654 Defined Contribution Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0200040006000 02004006008001000 Total assets ($M) Participants I.B.E.W. Local Union # 654 Defined Contribution Plan, Total assets ($M): 138.626403 · Participants: 438I.B.E.W. Local Union # 654 Defined Contribution PlanLocal 68 Engineers Union Annuity Plan, Total assets ($M): 919.004157 · Participants: 5196Local 68 Engineers Union Annuity PlanNysa-Ila Money Purchase Pension Fund and Plan, Total assets ($M): 787.160185 · Participants: 4634Nysa-Ila Money Purchase Pension Fund and PlanEducational Testing Service 401(a) Retirement Plan, Total assets ($M): 577.237524 · Participants: 3310Educational Testing Service 401(a) Retirement PlanIronworkers Local 11 Annuity Fund, Total assets ($M): 375.482782 · Participants: 1159Ironworkers Local 11 Annuity FundPlumbers & Pipefitters Local 9 Surety Plan, Total assets ($M): 287.464744 · Participants: 2179Plumbers & Pipefitters Local 9 Surety Plan
I.B.E.W. Local Union # 654 Defined Contribution Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local Union # 654 Defined Contribution Plan side-by-side with 3 peers →

I.B.E.W. Local Union # 654 Defined Contribution Plan's out-of-state Money Purchase peers by assets and headcount

Outside New Jersey, the nearest Money Purchase by assets is Teamsters Local 802 Annuity Fund in NY ($140M); by covered participants it is The Crosby Group Hourly Employees Pension Plus Plan in OK (438 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (438 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 I.B.E.W. Local Union # 654 Defined Contribution Plan assets move in 2023? ▼
I.B.E.W. Local Union # 654 Defined Contribution Plan grew sharply - up 18.4% during 2023, from $117M to $139M. Reported net income was $22M.
How have IBEW Lu # 654 Pension Fund Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Lu # 654 Pension Fund Trustees's sponsor-wide assets grew 25.6%, from $246M to $309M.
Where does I.B.E.W. Local Union # 654 Defined Contribution Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local Union # 654 Defined Contribution Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Money Purchase plans are similar in size to I.B.E.W. Local Union # 654 Defined Contribution Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Teamsters Local 802 Annuity Fund in NY ($140M, 476 participants).
Which Money Purchase plans cover a similar participant headcount to I.B.E.W. Local Union # 654 Defined Contribution Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is The Crosby Group Hourly Employees Pension Plus Plan in OK (438 participants, $15M 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 236538183.

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.