401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$614M
Total assets: 2,240
Participants: 98th
Percentile by assets: $274,214
Avg per participant

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.

98th percentile by assets (of 127,072 plans)
#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.

$614M
total plan assets (2023 EOY): 2,240
covered participants: 98th
percentile by assets (of 127,072 plans): $274,214
avg assets per participant

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 →

State

Ohio

Industry

Construction

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Local No. 8 IBEW Retirement Plan & Trust reports 2,240 participants - 2.9x that state average ($614M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$546M
Net Assets (End of Year)	$596M
Net Income	$62M
Employer EIN	346596899
Plan Effective Date	1967-05-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees Local No. 8 IBEW Retirement Plan & Trust plans on file

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

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

Compare Local No. 8 IBEW Retirement Plan & Trust side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Local No. 8 IBEW Retirement Plan & Trust by total assets, not by location.

Magellan Health, Inc. Retirement Savings Plan (MO) $614M · 6,300
Entertainment Industry 401(k) Plan (CA) $614M · 29,027
Sierra Pacific Ind Employees' Retirement Plan (CA) $615M · 5,510
Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan (UT) $615M · 1,802

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).

Next read for Local No. 8 IBEW Retirement Plan & Trust

Filing takeaways

Ways to act on Local No. 8 IBEW Retirement Plan & Trust's numbers.

By total assets, Local No. 8 IBEW Retirement Plan & Trust ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's sponsor-wide assets have grown 22.9% 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 346596899.