Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Local 351 Pension Fund Pension Plan

Data updated 2026-08-25

$503M
Total assets Above avg plan size
2,003
Participants Near avg headcount
97th
Percentile by assets National rank
$251,293
Avg per participant Above avg balance/head
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Official DOL plan name: Local 351 IBEW Pension Plan · Sponsored by Board of Trustees Local 351 Pension Fund · New Jersey · Construction

$503M in assets, 2,003 participants

Board of Trustees Local 351 Pension Fund's Local 351 IBEW Pension Plan reported $503M in total assets and 2,003 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,775 in Construction (9,030 peers)

Coverage in New Jersey

Local 351 IBEW Pension Plan covers 2,003 participants in New Jersey, 2.4x the typical New Jersey plan (state average ~844 per filing). Assets: $503M.

#8,775
in Construction (9,030 peers)
+11.8%
assets growth YoY
5.1×
vs typical plan assets (national mean)

Local 351 IBEW Pension Plan's outsized position by total assets

Local 351 IBEW Pension Plan vs every filed plan by assets

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

$503,340,242 Top 3% higher than 97% 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 351 IBEW Pension Plan'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 351 IBEW Pension Plan lands in the large band (2,003 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Local 351 IBEW Pension Plan reported net income rose from -$107M in the plan year 2022 filing to $53M in the plan year 2023 filing.
  • Local 351 IBEW Pension Plan end-of-year assets rose from $450M in the plan year 2022 filing to $503M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 223417366 · Board of Trustees Local 351 Pension Fund PY 2023 · Defined Benefit (Pension)

Local 351 IBEW Pension Plan · $503M · 2,003 · 97th

  • EOY $503M
  • EOY 2,003
  • EOY 97th
  • EOY Defined Benefit (Pension)
  • EOY near Visteon Pension Plan
  • EOY ind #8775

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 New Jersey →

Local 351 IBEW Pension Plan in the asset neighbourhood

The Queen's Health Systems Pension PlanThe Queen's Health Systems P…$505MEmployees' Retirement Plan of Ametek, Inc.Employees' Retirement Plan o…$504MVisteon Pension Plan$504MLocal 351 IBEW Pension Plan$503MBridgestone Americas, Inc. Non-Contributory Pension PlanBridgestone Americas, Inc. N…$502M
End-of-year total assets ($M) among Local 351 IBEW Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$450M
Net Assets (End of Year)$503M
Net Income$53M
Employer EIN223417366
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local 351 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Local 351 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$542M 20.39912075169087% vs 2022
2024 filing year
$400M$450M$500M$550M$600M 202220232024 $450M $542M ▲ +20.4%
Year Plans Participants Total Assets
2022 1 2,011 $450M
2023 1 2,003 $503M
2024 1 1,603 $542M

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Local 351 IBEW Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Local 351 IBEW Pension Plan, Total assets ($B): 0.503340242 · Participants: 2003Local 351 IBEW Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
Local 351 IBEW Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Local 351 IBEW Pension Plan side-by-side with 3 peers →

Local 351 IBEW Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Visteon Pension Plan in MI ($504M); by covered participants it is American United Life Insurance Company Employees Retirement Plan and Trust in IN (2,002 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($503M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,003 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 351 IBEW Pension Plan assets move in 2023? ▼
Local 351 IBEW Pension Plan grew at a solid clip - up 11.8% during 2023, from $450M to $503M. Reported net income was $53M.
How have Board of Trustees Local 351 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local 351 Pension Fund's sponsor-wide assets grew 20.4%, from $450M to $542M.
Where does Local 351 IBEW Pension Plan rank by assets among Form 5500 filers? ▼
Local 351 IBEW Pension Plan ranks in the 97th 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 351 IBEW Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Visteon Pension Plan in MI ($504M, 128 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 351 IBEW Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is American United Life Insurance Company Employees Retirement Plan and Trust in IN (2,002 participants, $468M 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 223417366.

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.