Defined Benefit (Pension) · DOL Form 5500 · 2023
Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund Pension Plan
Data updated 2026-08-25
- $228M
- Total assets Near avg plan size
- 855
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $266,665
- Avg per participant High balance/head
Official DOL plan name: Local 697 I.B.E.W. and Electrical Industry Pension Plan · Sponsored by Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund · Indiana · Construction
$228M in assets, 855 participants
Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund's Local 697 I.B.E.W. and Electrical Industry Pension Plan reported $228M in total assets and 855 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- #8,521 in Construction (9,030 peers)
Where Local 697 I.B.E.W. and Electrical Industry Pension Plan sits by assets
Local 697 I.B.E.W. and Electrical Industry Pension Plan sits in the top 5% of all filed plans by assets, $228M for 855 participants (~$266,665/participant), up 9.1% in 2023.
- #8,521
- in Construction (9,030 peers)
- +9.1%
- assets growth YoY
- 2.3×
- vs typical plan assets (national mean)
Local 697 I.B.E.W. and Electrical Industry Pension Plan's outsized position by total assets
Local 697 I.B.E.W. and Electrical Industry Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$227,998,379 Top 5% higher than 95% 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
Local 697 I.B.E.W. and Electrical Industry Pension Plan among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 697 I.B.E.W. and Electrical Industry Pension Plan sits mid-pack in the medium band (855 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Local 697 I.B.E.W. and Electrical Industry Pension Plan reported net income rose from -$38M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- Local 697 I.B.E.W. and Electrical Industry Pension Plan reported participants rose from 738 in the plan year 2022 filing to 855 in the plan year 2023 filing.
- Local 697 I.B.E.W. and Electrical Industry Pension Plan end-of-year assets rose from $209M in the plan year 2022 filing to $228M in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 516133048 · Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund PY 2023 · Defined Benefit (Pension)
Local 697 I.B.E.W. and Electrical Industry Pension Plan · $228M · 855 · 95th
- IND $228M
- IND 855
- IND 95th
- IND Defined Benefit (Pension)
- IND near Ufcw International Union-Industry Variable Annuity Pension Plan
- IND ind #8521
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 Indiana →
Local 697 I.B.E.W. and Electrical Industry Pension Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $209M |
|---|---|
| Net Assets (End of Year) | $228M |
| Net Income | $19M |
| Employer EIN | 516133048 |
| Plan Effective Date | 1964-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund)
Sponsor-wide plan assets over time
All Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $246M 17.925788569617076% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 738 | $209M |
| 2023 | 1 | 855 | $228M |
| 2024 | 1 | 876 | $246M |
Nearby Defined Benefit (Pension) Plans in Indiana
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- The Lilly Retirement Plan $11.7B · 19,111
- Cummins Pension Plan $3.3B · 26,560
- Indiana Laborers Pension Fund $1.7B · 10,800
- Elevance Health Cash Balance Plan a $1.3B · 8,197
- Nisource Pension Plan $1.1B · 2,174
Local 697 I.B.E.W. and Electrical Industry Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Indiana, the nearest Defined Benefit (Pension) by assets is Ufcw International Union-Industry Variable Annuity Pension Plan in IL ($228M); by covered participants it is International Association Pension Plan in IL (856 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($228M here).
- Ufcw International Union-Industry Variable Annuity Pension Plan (IL) $228M · 42,512
- I.a.T.S.E. Local No. 33 Pension Trust Fund (CA) $228M · 1,134
- I.B.E.W. Pacific Coast Pension Fund (WA) $228M · 815
- Tri-State Carpenters and Joiners Pension Trust Fund (TN) $228M · 2,208
Similar participant headcount
Nearest other-state filings by covered participants (855 participants); asset peers above are excluded.
- International Association Pension Plan (IL) 856 · 1 off
- I.U.O.E. Local 57 Pension Plan (RI) 856 · 1 off
- Retirement Plan for Employees of South Nassau Communities Hospital (NY) 853 · 2 off
- U.a.P.P. Local Union No.142 Pension Plan (TX) 853 · 2 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.