Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local No. 60 Pension Plan Trust Fund Pension Plan

Data updated 2026-08-25

$84M
Total assets Below avg plan size
1,491
Participants Near avg headcount
90th
Percentile by assets National rank
$56,160
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: IBEW Local No. 60 Pension · Sponsored by IBEW Local No. 60 Pension Plan Trust Fund · New Mexico · Construction

$84M in assets, 1,491 participants

IBEW Local No. 60 Pension Plan Trust Fund's IBEW Local No. 60 Pension reported $84M in total assets and 1,491 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,965 in Construction (9,030 peers)

Coverage in New Mexico

IBEW Local No. 60 Pension covers 1,491 participants in New Mexico, 4.1x the typical New Mexico plan (state average ~365 per filing). Assets: $84M.

#7,965
in Construction (9,030 peers)
+16.0%
assets growth YoY
0.8×
vs typical plan assets (national mean)

IBEW Local No. 60 Pension's outsized position by total assets

IBEW Local No. 60 Pension vs every filed plan by assets

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

$83,734,359 Top 10% higher than 90% 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. 60 Pension'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. 60 Pension lands in the large band (1,491 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 60 Pension reported net income rose from -$13M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • IBEW Local No. 60 Pension end-of-year assets rose from $72M in the plan year 2022 filing to $84M in the plan year 2023 filing.
  • IBEW Local No. 60 Pension reported participants fell from 1,670 in the plan year 2022 filing to 1,491 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 741870479 · IBEW Local No. 60 Pension Plan Trust Fund PY 2023 · Defined Benefit (Pension)

IBEW Local No. 60 Pension · $84M · 1,491 · 90th

  • VS-ST $84M
  • VS-ST 1,491
  • VS-ST 90th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Darling Ingredients Inc. Salaried Employees' Retirement Plan
  • VS-ST ind #7965

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 Mexico →

IBEW Local No. 60 Pension in the asset neighbourhood

Bemis Manufacturing Company Employees Pension PlanBemis Manufacturing Company …$84MI B E W Local 673 Pension PlanI B E W Local 673 Pension Pl…$84MDelta Dental of California Cash Balance Retirement PlanDelta Dental of California C…$84MDarling Ingredients Inc. Salaried Employees' Retirement PlanDarling Ingredients Inc. Sal…$84MIBEW Local No. 60 Pension$84M
End-of-year total assets ($M) among IBEW Local No. 60 Pension and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Mexico filing particulars

Total Assets (Beginning of Year)$72M
Net Assets (End of Year)$84M
Net Income$12M
Employer EIN741870479
Plan Effective Date1976-04-29
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local No. 60 Pension Plan Trust Fund)

Sponsor-wide plan assets over time

All IBEW Local No. 60 Pension Plan Trust Fund plans reported in each filing year

Latest sponsor-wide plan assets
$97M 34.39972486222754% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $72.2M $97.1M ▲ +34.4%
Year Plans Participants Total Assets
2022 1 1,670 $72M
2023 1 1,491 $84M
2024 1 1,916 $97M

Nearby Defined Benefit (Pension) Plans in New Mexico

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

IBEW Local No. 60 Pension vs. nearby Defined Benefit (Pension) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -100001000200030004000 -202468 Total assets ($B) Participants IBEW Local No. 60 Pension, Total assets ($B): 0.083734359 · Participants: 1491IBEW Local No. 60 PensionNtess Retirement Income Plan, Total assets ($B): 6.09808864 · Participants: 3544Ntess Retirement Income PlanTriad Defined Benefit Pension Plan, Total assets ($B): 5.686688811 · Participants: 2214Triad Defined Benefit Pension PlanPnm Resources, Inc. Employees' Retirement Plan, Total assets ($B): 0.407211663 · Participants: 146Pnm Resources, Inc. Employees' Retirement PlanPresbyterian Healthcare Services Employees' Pension Plan II, Total assets ($B): 0.247845171 · Participants: 814Presbyterian Healthcare Services Employees' Pension Plan IIWaste Isolation Pilot Plant Pension Plan, Total assets ($B): 0.223782278 · Participants: 953Waste Isolation Pilot Plant Pension Plan
IBEW Local No. 60 Pension vs. nearby Defined Benefit (Pension) plans in New Mexico, assets vs. participants
Compare IBEW Local No. 60 Pension side-by-side with 3 peers →

IBEW Local No. 60 Pension's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Mexico, the nearest Defined Benefit (Pension) by assets is Darling Ingredients Inc. Salaried Employees' Retirement Plan in TX ($84M); by covered participants it is Parkview Health System, Inc. Employees Pension Plan in IN (1,492 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,491 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. 60 Pension assets move in 2023? ▼
IBEW Local No. 60 Pension grew sharply - up 16.0% during 2023, from $72M to $84M. Reported net income was $12M.
How have IBEW Local No. 60 Pension Plan Trust Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 60 Pension Plan Trust Fund's sponsor-wide assets grew 34.4%, from $72M to $97M.
Where does IBEW Local No. 60 Pension rank by assets among Form 5500 filers? ▼
IBEW Local No. 60 Pension ranks in the 90th 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 IBEW Local No. 60 Pension? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Darling Ingredients Inc. Salaried Employees' Retirement Plan in TX ($84M, 118 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 60 Pension? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Parkview Health System, Inc. Employees Pension Plan in IN (1,492 participants, $449M 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 741870479.

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.