Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund Pension Plan

Data updated 2026-08-11

$228M
Total assets: 855
Participants: 95th
Percentile by assets: $266,665
Avg per participant

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.

95th percentile by assets (of 127,072 plans)
#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.

$228M
total plan assets (2023 EOY): 855
covered participants: 95th
percentile by assets (of 127,072 plans): $266,665
avg assets per participant

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.

See the national 2022→2023 release diff →

State

Indiana

Industry

Construction

Local 697 I.B.E.W. and Electrical Industry Pension Plan vs the 2023 asset distribution

By assets, Local 697 I.B.E.W. and Electrical Industry Pension Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.3x the national average plan size of $100M (721 average participants).

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)

Total plan assets by year, all Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund plans on file

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.

Local 697 I.B.E.W. and Electrical Industry Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants

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

Compare Local 697 I.B.E.W. and Electrical Indust… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Local 697 I.B.E.W. and Electrical Industry Pension Plan by total assets, not by location.

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

Frequently Asked Questions

How did Local 697 I.B.E.W. and Electrical Industry Pension Plan assets move in 2023? ▼

Local 697 I.B.E.W. and Electrical Industry Pension Plan grew at a solid clip - up 9.1% during 2023, from $209M to $228M. Reported net income was $19M.

How have Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund's sponsor-wide assets grew 17.9%, from $209M to $246M.

Where does Local 697 I.B.E.W. and Electrical Industry Pension Plan rank by assets among Form 5500 filers? ▼

Local 697 I.B.E.W. and Electrical Industry Pension Plan ranks in the 95th 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 Local 697 I.B.E.W. and Electrical Industry Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Ufcw International Union-Industry Variable Annuity Pension Plan in IL ($228M, 42,512 participants).

Next read for Local 697 I.B.E.W. and Electrical Indust…

Scale reading

Ways to act on Local 697 I.B.E.W. and Electrical Industry Pension Plan's numbers.

By total assets, Local 697 I.B.E.W. and Electrical Industry 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 Indiana. Compare plans
Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund's sponsor-wide assets have grown 17.9% 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 516133048.