Money Purchase · DOL Form 5500 · 2023

The Board of Trustees of the IBEW Local 968 Pension Fund Money Purchase Plan

Data updated 2026-08-25

$68M
Total assets Below avg plan size
350
Participants Below avg headcount
88th
Percentile by assets National rank
$193,927
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 968 Pension Fund · Sponsored by The Board of Trustees of the IBEW Local 968 Pension Fund · West Virginia · Construction

$68M in assets, 350 participants

The Board of Trustees of the IBEW Local 968 Pension Fund's IBEW Local 968 Pension Fund reported $68M in total assets and 350 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,788 in Construction (9,030 peers)

Where IBEW Local 968 Pension Fund sits by assets

IBEW Local 968 Pension Fund sits in the top quartile of all filed plans by assets, $68M for 350 participants (~$193,927/participant), up 17.3% in 2023.

#7,788
in Construction (9,030 peers)
+17.3%
assets growth YoY
0.7×
vs typical plan assets (national mean)

IBEW Local 968 Pension Fund's outsized position by total assets

IBEW Local 968 Pension Fund vs every filed plan by assets

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

$67,874,469 Top 12% higher than 88% 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 968 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 968 Pension Fund sits mid-pack in the medium band (350 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 968 Pension Fund reported net income rose from -$18M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • IBEW Local 968 Pension Fund end-of-year assets rose from $58M in the plan year 2022 filing to $68M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 516106848 · The Board of Trustees of the IBEW Local 968 Pension Fund PY 2023 · Money Purchase

IBEW Local 968 Pension Fund · $68M · 350 · 88th

  • EBSA $68M
  • EBSA 350
  • EBSA 88th
  • EBSA Money Purchase
  • EBSA near Dechert LLP Pension Plan No. 2 for Partners
  • EBSA ind #7788

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 968 Pension Fund in the asset neighbourhood

Rochester Laborers Annuity FundRochester Laborers Annuity F…$69MMinneapolis Operative Plasterers' Retirement PlanMinneapolis Operative Plaste…$68MIBEW Local 968 Pension Fund$68MDechert LLP Pension Plan No. 2 for PartnersDechert LLP Pension Plan No.…$68MPine Crest Preparatory School, Inc. Money Purchase Pension PlanPine Crest Preparatory Schoo…$66M
End-of-year total assets ($M) among IBEW Local 968 Pension Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$68M
Net Income$10M
Employer EIN516106848
Plan Effective Date1970-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Board of Trustees of the IBEW Local 968 Pension Fund)

Sponsor-wide plan assets over time

All The Board of Trustees of the IBEW Local 968 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$73M 26.45231275799165% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $57.9M $73.2M ▲ +26.5%
Year Plans Participants Total Assets
2022 1 349 $58M
2023 1 350 $68M
2024 1 355 $73M

Nearby Money Purchase Plans in West Virginia

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

IBEW Local 968 Pension Fund vs. nearby Money Purchase plans in West Virginia, assets vs. participants Scatter plot of 6 data points. 01000200030004000 0100200300400 Total assets ($M) Participants IBEW Local 968 Pension Fund, Total assets ($M): 67.874469 · Participants: 350IBEW Local 968 Pension FundWest Virginia University Medical Corporation Retirement Plan, Total assets ($M): 343.725206 · Participants: 1771West Virginia University Medical Corporation Retirement PlanUniversity Physicians & Surgeons, Inc. 401(a) Tiaa-Cref Retirement Plan, Total assets ($M): 93.40317 · Participants: 2135University Physicians & Surgeons, Inc. 401(a) Tiaa-Cref Retirement PlanPlumbers & Pipefitters Local 152 Retirement Annuit, Total assets ($M): 68.822746 · Participants: 3075Plumbers & Pipefitters Local 152 Retirement AnnuitWest Virginia University Medical Corp. Charleston Division Retirement Plan, Total assets ($M): 58.406289 · Participants: 167West Virginia University Medical Corp. Charleston Division Retirement PlanPlumbers & Steamfitters Local 565 Pension Plan, Total assets ($M): 32.006181 · Participants: 559Plumbers & Steamfitters Local 565 Pension Plan
IBEW Local 968 Pension Fund vs. nearby Money Purchase plans in West Virginia, assets vs. participants
Compare IBEW Local 968 Pension Fund side-by-side with 3 peers →

IBEW Local 968 Pension Fund's out-of-state Money Purchase peers by assets and headcount

Outside West Virginia, the nearest Money Purchase by assets is Dechert LLP Pension Plan No. 2 for Partners in PA ($68M); by covered participants it is Ega Money Purchase Pension Plan in NJ (350 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (350 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 968 Pension Fund assets move in 2023? ▼
IBEW Local 968 Pension Fund grew sharply - up 17.3% during 2023, from $58M to $68M. Reported net income was $10M.
How have The Board of Trustees of the IBEW Local 968 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Board of Trustees of the IBEW Local 968 Pension Fund's sponsor-wide assets grew 26.5%, from $58M to $73M.
Where does IBEW Local 968 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local 968 Pension Fund ranks in the 88th 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 Money Purchase plans are similar in size to IBEW Local 968 Pension Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Dechert LLP Pension Plan No. 2 for Partners in PA ($68M, 243 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local 968 Pension Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Ega Money Purchase Pension Plan in NJ (350 participants, $108M 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 516106848.

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.