Profit Sharing · DOL Form 5500 · 2023

IBEW 143 Benefit Funds-Annuity Fund Profit Sharing Plan

Data updated 2026-08-11

$61M
Total assets
347
Participants
87th
Percentile by assets
$176,826
Avg per participant
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Official DOL plan name: IBEW Local 143 Annuity Plan · Sponsored by IBEW 143 Benefit Funds-Annuity Fund · Pennsylvania · Construction

$61M in assets, 347 participants

IBEW 143 Benefit Funds-Annuity Fund's IBEW Local 143 Annuity Plan reported $61M in total assets and 347 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • 87th percentile by assets (of 127,072 plans)
  • #7,716 in Construction (9,030 peers)

Coverage in Pennsylvania

IBEW Local 143 Annuity Plan covers 347 participants in Pennsylvania, about 42% of the average Pennsylvania filer (state average ~822 per filing). Assets: $61M.

$61M
total plan assets (2023 EOY)
347
covered participants
87th
percentile by assets (of 127,072 plans)
$176,826
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 143 Annuity Plan reported net income rose from -$10M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • IBEW Local 143 Annuity Plan end-of-year assets rose from $51M in the plan year 2022 filing to $61M in the plan year 2023 filing.
  • IBEW Local 143 Annuity Plan reported participants fell from 354 in the plan year 2022 filing to 347 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. IBEW Local 143 Annuity Plan reports 347 participants - about 42% of that state average ($61M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$61M
Net Income$10M
Employer EIN232520680
Plan Effective Date1988-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW 143 Benefit Funds-Annuity Fund)

$40M$50M$60M$70M$80M 202220232024 $51M $70.9M ▲ +39.2%
Total plan assets by year, all IBEW 143 Benefit Funds-Annuity Fund plans on file
Year Plans Participants Total Assets
2022 1 354 $51M
2023 1 347 $61M
2024 1 362 $71M

Nearby Profit Sharing Plans in Pennsylvania

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

IBEW Local 143 Annuity Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

IBEW Local 143 Annuity Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants IBEW Local 143 Annui…Eastern Atlantic Sta…University of Pennsy…International Brothe…Temple University He…Morgan, Lewis & Bock…
IBEW Local 143 Annuity Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to IBEW Local 143 Annuity Plan by total assets, not by location.

Frequently Asked Questions

How did IBEW Local 143 Annuity Plan assets move in 2023?
IBEW Local 143 Annuity Plan grew sharply - up 20.4% during 2023, from $51M to $61M. Reported net income was $10M.
How have IBEW 143 Benefit Funds-Annuity Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), IBEW 143 Benefit Funds-Annuity Fund's sponsor-wide assets grew 39.2%, from $51M to $71M.
Where does IBEW Local 143 Annuity Plan rank by assets among Form 5500 filers?
IBEW Local 143 Annuity Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local 143 Annuity Plan?
Among Profit Sharing plans in other states, the closest by assets is Hamamatsu Corporation Profit Sharing Plan in NJ ($62M, 246 participants).

Filing takeaways

Ways to act on IBEW Local 143 Annuity Plan's numbers.

  • By total assets, IBEW Local 143 Annuity Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
  • IBEW 143 Benefit Funds-Annuity Fund's sponsor-wide assets have grown 39.2% since 2022 across 3 plan years on file. More Construction plans