Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local 1249 Pension Fund Board of Trustees Pension Plan

Data updated 2026-08-11

$572M
Total assets: 3,036
Participants: 98th
Percentile by assets: $188,367
Avg per participant

Official DOL plan name: IBEW Local 1249 Pension Plan · Sponsored by IBEW Local 1249 Pension Fund Board of Trustees · New York · Construction

$572M in assets, 3,036 participants

IBEW Local 1249 Pension Fund Board of Trustees's IBEW Local 1249 Pension Plan reported $572M in total assets and 3,036 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 127,072 plans)
#8,811 in Construction (9,030 peers)

Coverage in New York

IBEW Local 1249 Pension Plan covers 3,036 participants in New York, 3.8x the typical New York plan (state average ~798 per filing). Assets: $572M.

$572M
total plan assets (2023 EOY): 3,036
covered participants: 98th
percentile by assets (of 127,072 plans): $188,367
avg assets per participant

Where IBEW Local 1249 Pension Plan sits by total assets

IBEW Local 1249 Pension Plan vs every filed plan by assets

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

$571,881,172 Top 2% higher than 98% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

IBEW Local 1249 Pension Plan reported net income rose from -$14M in the plan year 2022 filing to $89M in the plan year 2023 filing.
IBEW Local 1249 Pension Plan end-of-year assets rose from $486M in the plan year 2022 filing to $572M in the plan year 2023 filing.
IBEW Local 1249 Pension Plan reported participants rose from 2,964 in the plan year 2022 filing to 3,036 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. IBEW Local 1249 Pension Plan reports 3,036 participants - 3.8x that state average ($572M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$486M
Net Assets (End of Year)	$570M
Net Income	$89M
Employer EIN	156035161
Plan Effective Date	1962-07-03
Filing Status	FILING RECEIVED

Sponsor Plan History (IBEW Local 1249 Pension Fund Board of Trustees)

Total plan assets by year, all IBEW Local 1249 Pension Fund Board of Trustees plans on file

Year	Plans	Participants	Total Assets
2022	1	2,964	$486M
2023	1	3,036	$572M
2024	1	3,243	$665M

Nearby Defined Benefit (Pension) Plans in New York

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

IBEW Local 1249 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants

IBM Personal Pension Plan $25.0B · 14,881
Consolidated Edison Retirement Plan $16.2B · 10,779
1199seiu Health Care Employees Pension Fund $16.2B · 107,582
Pfizer Consolidated Pension Plan $11.0B · 9,616
Pepsico Employees Retirement Plan I $7.6B · 12,289

Compare IBEW Local 1249 Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to IBEW Local 1249 Pension Plan by total assets, not by location.

Pvh Consolidated Pension Plan (NJ) $571M · 4,777
Carefirst, Inc. Retirement Plan (MD) $573M · 1,626
Pension Plan for the Washington Post and Companies (WA) $570M · 2,032
Sidley Austin LLP Cash Balance Retirement Plan for Partners (IL) $569M · 630

Frequently Asked Questions

How did IBEW Local 1249 Pension Plan assets move in 2023? ▼

IBEW Local 1249 Pension Plan grew sharply - up 17.6% during 2023, from $486M to $572M. Reported net income was $89M.

How have IBEW Local 1249 Pension Fund Board of Trustees plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), IBEW Local 1249 Pension Fund Board of Trustees's sponsor-wide assets grew 36.8%, from $486M to $665M.

Where does IBEW Local 1249 Pension Plan rank by assets among Form 5500 filers? ▼

IBEW Local 1249 Pension Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to IBEW Local 1249 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Pvh Consolidated Pension Plan in NJ ($571M, 4,777 participants).

Next read for IBEW Local 1249 Pension Plan

Filing takeaways

Ways to act on IBEW Local 1249 Pension Plan's numbers.

By total assets, IBEW Local 1249 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
IBEW Local 1249 Pension Fund Board of Trustees's sponsor-wide assets have grown 36.8% 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 156035161.