Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local 1249 Pension Fund Board of Trustees Pension Plan

Data updated 2026-08-25

$572M
Total assets Above avg plan size
3,036
Participants Above avg headcount
98th
Percentile by assets National rank
$188,367
Avg per participant Above avg balance/head
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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.

  • #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.

#8,811
in Construction (9,030 peers)
+17.6%
assets growth YoY
5.7×
vs typical plan assets (national mean)

IBEW Local 1249 Pension Plan's outsized position 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

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 1249 Pension 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 1249 Pension Plan lands in the large band (3,036 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

Published 5500 schedule card

Filing strip 156035161 · IBEW Local 1249 Pension Fund Board of Trustees PY 2023 · Defined Benefit (Pension)

IBEW Local 1249 Pension Plan · $572M · 3,036 · 98th

  • BOY $572M
  • SCH 3,036
  • EBSA 98th
  • PART Defined Benefit (Pension)
  • TYPE near Pvh Consolidated Pension Plan
  • NET ind #8811

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 York →

IBEW Local 1249 Pension Plan in the asset neighbourhood

Carefirst, Inc. Retirement PlanCarefirst, Inc. Retirement P…$573MIBEW Local 1249 Pension Plan$572MPvh Consolidated Pension Plan$571MPension Plan for the Washington Post and CompaniesPension Plan for the Washing…$570MSidley Austin LLP Cash Balance Retirement Plan for PartnersSidley Austin LLP Cash Balan…$569M
End-of-year total assets ($M) among IBEW Local 1249 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$486M
Net Assets (End of Year)$570M
Net Income$89M
Employer EIN156035161
Plan Effective Date1962-07-03
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All IBEW Local 1249 Pension Fund Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$665M 36.79074657031843% vs 2022
2024 filing year
$400M$500M$600M$700M 202220232024 $486M $665M ▲ +36.8%
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 Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants IBEW Local 1249 Pension Plan, Total assets ($B): 0.571881172 · Participants: 3036IBEW Local 1249 Pension PlanIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
IBEW Local 1249 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare IBEW Local 1249 Pension Plan side-by-side with 3 peers →

IBEW Local 1249 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Pvh Consolidated Pension Plan in NJ ($571M); by covered participants it is Georgia-Pacific LLC Salaried Pension Plan in GA (3,040 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($572M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,036 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 1249 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Georgia-Pacific LLC Salaried Pension Plan in GA (3,040 participants, $1.2B 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 156035161.

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.