401(k) · DOL Form 5500 · 2023

Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund 401(k) Plan

Data updated 2026-08-11

$117M
Total assets
4,760
Participants
92nd
Percentile by assets
$24,589
Avg per participant
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Official DOL plan name: IBEW Local No. 716 Retirement Plan · Sponsored by Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund · Texas · Construction

$117M in assets, 4,760 participants

Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund's IBEW Local No. 716 Retirement Plan reported $117M in total assets and 4,760 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • 92nd percentile by assets (of 127,072 plans)
  • #8,189 in Construction (9,030 peers)

Coverage in Texas

IBEW Local No. 716 Retirement Plan covers 4,760 participants in Texas, 6.9x the typical Texas plan (state average ~688 per filing). Assets: $117M.

$117M
total plan assets (2023 EOY)
4,760
covered participants
92nd
percentile by assets (of 127,072 plans)
$24,589
avg assets per participant

Where IBEW Local No. 716 Retirement Plan sits by total assets

IBEW Local No. 716 Retirement Plan vs every filed plan by assets

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

$117,043,585 Top 8% higher than 92% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 716 Retirement Plan reported net income rose from -$8M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • IBEW Local No. 716 Retirement Plan end-of-year assets rose from $104M in the plan year 2022 filing to $117M in the plan year 2023 filing.
  • IBEW Local No. 716 Retirement Plan reported participants rose from 4,616 in the plan year 2022 filing to 4,760 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Texas
Industry
Construction

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. IBEW Local No. 716 Retirement Plan reports 4,760 participants - 6.9x that state average ($117M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$104M
Net Assets (End of Year)$117M
Net Income$13M
Employer EIN316620547
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund)

$100M$110M$120M$130M$140M 202220232024 $104M $132M ▲ +26.9%
Total plan assets by year, all Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund plans on file
Year Plans Participants Total Assets
2022 1 4,616 $104M
2023 1 4,760 $117M
2024 1 5,147 $132M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local No. 716 Retirement Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants IBEW Local No. 716 R…, Total assets ($B): 0.117043585 · Participants: 4760IBEW Local No. 716 R…AT&T Retirement Savi…, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savi…Exxonmobil Savings P…, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings P…Caterpillar 401(k) S…, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) S…American Airlines, I…, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, I…Dell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
IBEW Local No. 716 Retirement Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare IBEW Local No. 716 Retirement Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to IBEW Local No. 716 Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did IBEW Local No. 716 Retirement Plan assets move in 2023? ▼
IBEW Local No. 716 Retirement Plan grew at a solid clip - up 12.8% during 2023, from $104M to $117M. Reported net income was $13M.
How have Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund's sponsor-wide assets grew 26.9%, from $104M to $132M.
Where does IBEW Local No. 716 Retirement Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 716 Retirement Plan ranks in the 92nd 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 401(k) plans are similar in size to IBEW Local No. 716 Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Everglades College, Inc. Retirement Savings Plan in FL ($117M, 4,126 participants).

Next read for IBEW Local No. 716 Retirement Plan

Filing takeaways

Ways to act on IBEW Local No. 716 Retirement Plan's numbers.

  • By total assets, IBEW Local No. 716 Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
  • Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund's sponsor-wide assets have grown 26.9% 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 316620547.

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.