401(k) · DOL Form 5500 · 2023

Board of Trustees IBEW Local 704 Retirement Income Plan 401(k) Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
160
Participants Small participant base
84th
Percentile by assets National rank
$272,641
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local No. 704 401(k) Plan · Sponsored by Board of Trustees IBEW Local 704 Retirement Income Plan · Illinois · Construction

$44M in assets, 160 participants

Board of Trustees IBEW Local 704 Retirement Income Plan's I.B.E.W. Local No. 704 401(k) Plan reported $44M in total assets and 160 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,402 in Construction (9,030 peers)

Coverage in Illinois

I.B.E.W. Local No. 704 401(k) Plan covers 160 participants in Illinois, about 21% of the average Illinois filer (state average ~779 per filing). Assets: $44M.

#7,402
in Construction (9,030 peers)
+8.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

I.B.E.W. Local No. 704 401(k) Plan's outsized position by total assets

I.B.E.W. Local No. 704 401(k) Plan vs every filed plan by assets

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

$43,622,582 Top 16% higher than 84% 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 No. 704 401(k) 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 No. 704 401(k) Plan sits mid-pack in the medium band (160 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local No. 704 401(k) Plan reported net income rose from -$8M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • I.B.E.W. Local No. 704 401(k) Plan reported participants fell from 189 in the plan year 2022 filing to 160 in the plan year 2023 filing.
  • I.B.E.W. Local No. 704 401(k) Plan end-of-year assets rose from $40M in the plan year 2022 filing to $44M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 420328998 · Board of Trustees IBEW Local 704 Retirement Income Plan PY 2023 · 401(k)

I.B.E.W. Local No. 704 401(k) Plan · $44M · 160 · 84th

  • SCH $44M
  • EBSA 160
  • PART 84th
  • TYPE 401(k)
  • NET near Mnp Corporation 401(k) Profit Sharing Plan
  • BOOK ind #7402

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 Illinois →

I.B.E.W. Local No. 704 401(k) Plan in the asset neighbourhood

I.B.E.W. Local No. 704 401(k) PlanI.B.E.W. Local No. 704 401(k…$44MMnp Corporation 401(k) Profit Sharing PlanMnp Corporation 401(k) Profi…$44MBrowning & Associates Savings PlanBrowning & Associates Saving…$44MClarins USA, Inc. 401(k) Plan$44MPepsi-Cola Newburgh Bottling Co., Inc. 401(k) Profit Sharing Plan for Employees of Pepsi-Cola of the Hudson Valley and Pepsi-Cola BrisPepsi-Cola Newburgh Bottling…$44M
End-of-year total assets ($M) among I.B.E.W. Local No. 704 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$44M
Net Income$3M
Employer EIN420328998
Plan Effective Date1993-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 704 Retirement Income Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 704 Retirement Income Plan plans reported in each filing year

Latest sponsor-wide plan assets
$48M 20.03286613969581% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $40.2M $48.2M ▲ +20.0%
Year Plans Participants Total Assets
2022 1 189 $40M
2023 1 160 $44M
2024 1 171 $48M

Nearby 401(k) Plans in Illinois

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

I.B.E.W. Local No. 704 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants I.B.E.W. Local No. 704 401(k) Plan, Total assets ($B): 0.043622582 · Participants: 160I.B.E.W. Local No. 704 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
I.B.E.W. Local No. 704 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare I.B.E.W. Local No. 704 401(k) Plan side-by-side with 3 peers →

I.B.E.W. Local No. 704 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Mnp Corporation 401(k) Profit Sharing Plan in MI ($44M); by covered participants it is 8-Koi, Inc. 401(k) Plan in FL (160 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (160 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 No. 704 401(k) Plan assets move in 2023? ▼
I.B.E.W. Local No. 704 401(k) Plan grew at a solid clip - up 8.6% during 2023, from $40M to $44M. Reported net income was $3M.
How have Board of Trustees IBEW Local 704 Retirement Income Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 704 Retirement Income Plan's sponsor-wide assets grew 20.0%, from $40M to $48M.
Where does I.B.E.W. Local No. 704 401(k) Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local No. 704 401(k) Plan ranks in the 84th 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 401(k) plans are similar in size to I.B.E.W. Local No. 704 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mnp Corporation 401(k) Profit Sharing Plan in MI ($44M, 522 participants).
Which 401(k) plans cover a similar participant headcount to I.B.E.W. Local No. 704 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is 8-Koi, Inc. 401(k) Plan in FL (160 participants, $2M 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 420328998.

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.