Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Lu 654 Pension Fund Trustees Pension Plan

Data updated 2026-08-11

$139M
Total assets: 411
Participants: 93rd
Percentile by assets: $338,851
Avg per participant

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.

93rd percentile by assets (of 127,072 plans)
#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.

$139M
total plan assets (2023 EOY): 411
covered participants: 93rd
percentile by assets (of 127,072 plans): $338,851
avg assets per participant

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 →

State

New Jersey

Industry

Construction

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan reports 411 participants - about 49% of that state average ($139M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$129M
Net Assets (End of Year)	$139M
Net Income	$10M
Employer EIN	236538183
Plan Effective Date	1967-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (IBEW Lu 654 Pension Fund Trustees)

Total plan assets by year, all IBEW Lu 654 Pension Fund Trustees plans on file

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

Retirement Plan of Johnson and Johnson $21.2B · 37,749
JPMorgan Chase Retirement Plan $16.3B · 90,644
Nokia Retirement Income Plan $13.9B · 7,492
The Prudential Merged Retirement Plan $12.2B · 16,230
Verizon Pension Plan for Associates $10.9B · 23,778

Compare I.B.E.W. Local Union # 654 - Defined Ben… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan by total assets, not by location.

Bashas' Employees Defined Benefit Pension Plan and Trust (CA) $139M · 1,882
Mcwane Hourly Pension Plan (AL) $139M · 643
Alcoa Subsidiaries Merged Inactive Plan (PA) $139M · 4
Adjustable Plan of the National Retirement Fund (NY) $139M · 23,035

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).

Next read for I.B.E.W. Local Union # 654 - Defined Ben…

Filing takeaways

Ways to act on I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan's numbers.

By total assets, I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
IBEW Lu 654 Pension Fund Trustees's sponsor-wide assets have grown 25.6% since 2022 across 3 plan years on file. More Construction plans

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.