401(k) · DOL Form 5500 · 2023

Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 401(k) Plan

Data updated 2026-08-25

$614M
Total assets Above avg plan size
2,240
Participants Above avg headcount
98th
Percentile by assets National rank
$274,214
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Local No. 8 IBEW Retirement Plan & Trust · Sponsored by Board of Trustees Local No. 8 IBEW Retirement Plan & Trust · Ohio · Construction

$614M in assets, 2,240 participants

Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's Local No. 8 IBEW Retirement Plan & Trust reported $614M in total assets and 2,240 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.

  • #8,828 in Construction (9,030 peers)

Coverage in Ohio

Local No. 8 IBEW Retirement Plan & Trust covers 2,240 participants in Ohio, 2.9x the typical Ohio plan (state average ~765 per filing). Assets: $614M.

#8,828
in Construction (9,030 peers)
+12.6%
assets growth YoY
6.2×
vs typical plan assets (national mean)

Local No. 8 IBEW Retirement Plan & Trust's outsized position by total assets

Local No. 8 IBEW Retirement Plan & Trust vs every filed plan by assets

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

$614,238,825 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

Local No. 8 IBEW Retirement Plan & Trust'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. Local No. 8 IBEW Retirement Plan & Trust lands in the large band (2,240 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Local No. 8 IBEW Retirement Plan & Trust reported net income rose from -$76M in the plan year 2022 filing to $62M in the plan year 2023 filing.
  • Local No. 8 IBEW Retirement Plan & Trust end-of-year assets rose from $546M in the plan year 2022 filing to $614M in the plan year 2023 filing.
  • Local No. 8 IBEW Retirement Plan & Trust reported participants fell from 2,271 in the plan year 2022 filing to 2,240 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 346596899 · Board of Trustees Local No. 8 IBEW Retirement Plan & Trust PY 2023 · 401(k)

Local No. 8 IBEW Retirement Plan & Trust · $614M · 2,240 · 98th

  • VS-ST $614M
  • VS-ST 2,240
  • VS-ST 98th
  • VS-ST 401(k)
  • VS-ST near Magellan Health, Inc. Retirement Savings Plan
  • VS-ST ind #8828

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 Ohio →

Local No. 8 IBEW Retirement Plan & Trust in the asset neighbourhood

Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership PlanRio Tinto America Inc. 401(k…$615MSierra Pacific Ind Employees' Retirement PlanSierra Pacific Ind Employees…$615MLocal No. 8 IBEW Retirement Plan & TrustLocal No. 8 IBEW Retirement …$614MMagellan Health, Inc. Retirement Savings PlanMagellan Health, Inc. Retire…$614MEntertainment Industry 401(k) PlanEntertainment Industry 401(k…$614M
End-of-year total assets ($M) among Local No. 8 IBEW Retirement Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$546M
Net Assets (End of Year)$596M
Net Income$62M
Employer EIN346596899
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local No. 8 IBEW Retirement Plan & Trust)

Sponsor-wide plan assets over time

All Board of Trustees Local No. 8 IBEW Retirement Plan & Trust plans reported in each filing year

Latest sponsor-wide plan assets
$671M 22.945475064165482% vs 2022
2024 filing year
$500M$550M$600M$650M$700M 202220232024 $546M $671M ▲ +22.9%
Year Plans Participants Total Assets
2022 1 2,271 $546M
2023 1 2,240 $614M
2024 1 2,292 $671M

Nearby 401(k) Plans in Ohio

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

Local No. 8 IBEW Retirement Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Local No. 8 IBEW Retirement Plan & Trust, Total assets ($B): 0.614238825 · Participants: 2240Local No. 8 IBEW Retirement Plan & TrustGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Local No. 8 IBEW Retirement Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Local No. 8 IBEW Retirement Plan & Trust side-by-side with 3 peers →

Local No. 8 IBEW Retirement Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Magellan Health, Inc. Retirement Savings Plan in MO ($614M); by covered participants it is Integra Lifesciences Corporation 401(k) Trust in NJ (2,240 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,240 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 Local No. 8 IBEW Retirement Plan & Trust assets move in 2023? ▼
Local No. 8 IBEW Retirement Plan & Trust grew at a solid clip - up 12.6% during 2023, from $546M to $614M. Reported net income was $62M.
How have Board of Trustees Local No. 8 IBEW Retirement Plan & Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's sponsor-wide assets grew 22.9%, from $546M to $671M.
Where does Local No. 8 IBEW Retirement Plan & Trust rank by assets among Form 5500 filers? ▼
Local No. 8 IBEW Retirement Plan & Trust 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 401(k) plans are similar in size to Local No. 8 IBEW Retirement Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Magellan Health, Inc. Retirement Savings Plan in MO ($614M, 6,300 participants).
Which 401(k) plans cover a similar participant headcount to Local No. 8 IBEW Retirement Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Integra Lifesciences Corporation 401(k) Trust in NJ (2,240 participants, $354M 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 346596899.

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.