401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$117M
Total assets Near avg plan size
4,760
Participants Above avg headcount
92nd
Percentile by assets National rank
$24,589
Avg per participant Low balance/head
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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.

  • #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.

#8,189
in Construction (9,030 peers)
+12.8%
assets growth YoY
1.2×
vs typical plan assets (national mean)

IBEW Local No. 716 Retirement Plan's outsized position 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 $2,050,000,000 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 No. 716 Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local No. 716 Retirement Plan lands in the large band (4,760 participants).

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 →

EBSA filing schedule strip

Filing strip 316620547 · Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund PY 2023 · 401(k)

IBEW Local No. 716 Retirement Plan · $117M · 4,760 · 92nd

  • TYPE $117M
  • TYPE 4,760
  • TYPE 92nd
  • TYPE 401(k)
  • TYPE near Everglades College, Inc. Retirement Savings Plan
  • TYPE ind #8189

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 Texas →

IBEW Local No. 716 Retirement Plan in the asset neighbourhood

Pvs Chemicals, Inc. 401(k) Profit Sharing PlanPvs Chemicals, Inc. 401(k) P…$117MRedsail Technologies, LLC Retirement Savings PlanRedsail Technologies, LLC Re…$117MEverglades College, Inc. Retirement Savings PlanEverglades College, Inc. Ret…$117MSilgan White Cap Retirement PlanSilgan White Cap Retirement …$117MIBEW Local No. 716 Retirement PlanIBEW Local No. 716 Retiremen…$117M
End-of-year total assets ($M) among IBEW Local No. 716 Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund plans reported in each filing year

Latest sponsor-wide plan assets
$132M 26.856412251224484% vs 2022
2024 filing year
$100M$110M$120M$130M$140M 202220232024 $104M $132M ▲ +26.9%
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 ($B) Participants IBEW Local No. 716 Retirement Plan, Total assets ($B): 0.117043585 · Participants: 4760IBEW Local No. 716 Retirement PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell 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 →

IBEW Local No. 716 Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Everglades College, Inc. Retirement Savings Plan in FL ($117M); by covered participants it is Roush 401(k) Profit Sharing Plan in MI (4,759 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,760 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 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).
Which 401(k) plans cover a similar participant headcount to IBEW Local No. 716 Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Roush 401(k) Profit Sharing Plan in MI (4,759 participants, $330M 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 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.