Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Lu 654 Pension Fund Trustees Pension Plan

Data updated 2026-08-25

$139M
Total assets Near avg plan size
411
Participants Below avg headcount
93rd
Percentile by assets National rank
$338,851
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan · Sponsored by IBEW Lu 654 Pension Fund Trustees · New Jersey · Construction

$139M in assets, 411 participants

IBEW Lu 654 Pension Fund Trustees's I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan reported $139M in total assets and 411 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.

  • #8,271 in Construction (9,030 peers)

Coverage in New Jersey

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan covers 411 participants in New Jersey, about 49% of the average New Jersey filer (state average ~844 per filing). Assets: $139M.

#8,271
in Construction (9,030 peers)
+8.1%
assets growth YoY
1.4×
vs typical plan assets (national mean)

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

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

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

$139,267,798 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 Benefit Pension 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 Benefit Pension Plan sits mid-pack in the medium band (411 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan reported net income rose from -$7M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan end-of-year assets rose from $129M in the plan year 2022 filing to $139M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 236538183 · IBEW Lu 654 Pension Fund Trustees PY 2023 · Defined Benefit (Pension)

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan · $139M · 411 · 93rd

  • RANK $139M
  • PHOTO 411
  • IND 93rd
  • EOY Defined Benefit (Pension)
  • 5500 near Bashas' Employees Defined Benefit Pension Plan and Trust
  • ASSETS ind #8271

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 Benefit Pension Plan in the asset neighbourhood

Adjustable Plan of the National Retirement FundAdjustable Plan of the Natio…$139MAlcoa Subsidiaries Merged Inactive PlanAlcoa Subsidiaries Merged In…$139MMcwane Hourly Pension Plan$139MBashas' Employees Defined Benefit Pension Plan and TrustBashas' Employees Defined Be…$139MI.B.E.W. Local Union # 654 - Defined Benefit Pension PlanI.B.E.W. Local Union # 654 -…$139M
End-of-year total assets ($M) among I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$129M
Net Assets (End of Year)$139M
Net Income$10M
Employer EIN236538183
Plan Effective Date1967-06-01
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 Defined Benefit (Pension) Plans in New Jersey

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

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan, Total assets ($B): 0.139267798 · Participants: 411I.B.E.W. Local Union # 654 - Defined Benefit Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan side-by-side with 3 peers →

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Bashas' Employees Defined Benefit Pension Plan and Trust in CA ($139M); by covered participants it is International-Matex Tank Terminals Pension Plan in LA (411 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($139M here).

Similar participant headcount

Nearest other-state filings by covered participants (411 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 Benefit Pension Plan assets move in 2023? ▼
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan grew at a solid clip - up 8.1% during 2023, from $129M to $139M. Reported net income was $10M.
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 Benefit Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local Union # 654 - Defined Benefit Pension 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 Defined Benefit (Pension) plans are similar in size to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Bashas' Employees Defined Benefit Pension Plan and Trust in CA ($139M, 1,882 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is International-Matex Tank Terminals Pension Plan in LA (411 participants, $62M 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.