Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of IBEW Local No. 573 Pension Plan Pension Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
308
Participants Below avg headcount
87th
Percentile by assets National rank
$181,505
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 573 Pension Plan · Sponsored by Trustees of IBEW Local No. 573 Pension Plan · Ohio · Construction

$56M in assets, 308 participants

Trustees of IBEW Local No. 573 Pension Plan's IBEW Local 573 Pension Plan reported $56M in total assets and 308 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.

  • #7,632 in Construction (9,030 peers)

Coverage in Ohio

IBEW Local 573 Pension Plan covers 308 participants in Ohio, about 40% of the average Ohio filer (state average ~765 per filing). Assets: $56M.

#7,632
in Construction (9,030 peers)
+9.8%
assets growth YoY
0.6×
vs typical plan assets (national mean)

IBEW Local 573 Pension Plan's outsized position by total assets

IBEW Local 573 Pension Plan vs every filed plan by assets

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

$55,903,676 Top 13% higher than 87% 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

IBEW Local 573 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. IBEW Local 573 Pension Plan sits mid-pack in the medium band (308 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 573 Pension Plan reported net income rose from -$6M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • IBEW Local 573 Pension Plan reported participants rose from 257 in the plan year 2022 filing to 308 in the plan year 2023 filing.
  • IBEW Local 573 Pension Plan end-of-year assets rose from $51M in the plan year 2022 filing to $56M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 346570323 · Trustees of IBEW Local No. 573 Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local 573 Pension Plan · $56M · 308 · 87th

  • EBSA $56M
  • PART 308
  • TYPE 87th
  • NET Defined Benefit (Pension)
  • BOOK near Sumitomo Machinery Corporation of America Pension Plan
  • VS-ST ind #7632

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 Ohio →

IBEW Local 573 Pension Plan in the asset neighbourhood

Oshkosh B'gosh, Inc. Pension PlanOshkosh B'gosh, Inc. Pension…$56MSumitomo Machinery Corporation of America Pension PlanSumitomo Machinery Corporati…$56MIBEW Local 573 Pension Plan$56MCopyright Clearance Center, Inc. Defined Benefit PlanCopyright Clearance Center, …$56MThe Stride Rite Corporation Retirement Income PlanThe Stride Rite Corporation …$56M
End-of-year total assets ($M) among IBEW Local 573 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$56M
Net Income$5M
Employer EIN346570323
Plan Effective Date1964-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of IBEW Local No. 573 Pension Plan)

Sponsor-wide plan assets over time

All Trustees of IBEW Local No. 573 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$61M 20.254729091342693% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $50.9M $61.2M ▲ +20.3%
Year Plans Participants Total Assets
2022 1 257 $51M
2023 1 308 $56M
2024 1 267 $61M

Nearby Defined Benefit (Pension) Plans in Ohio

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

IBEW Local 573 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -202468 Total assets ($B) Participants IBEW Local 573 Pension Plan, Total assets ($B): 0.055903676 · Participants: 308IBEW Local 573 Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
IBEW Local 573 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare IBEW Local 573 Pension Plan side-by-side with 3 peers →

IBEW Local 573 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Sumitomo Machinery Corporation of America Pension Plan in VA ($56M); by covered participants it is The Jackson Lewis P.C. Cash Balance Plan II in NY (308 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (308 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 IBEW Local 573 Pension Plan assets move in 2023? ▼
IBEW Local 573 Pension Plan grew at a solid clip - up 9.8% during 2023, from $51M to $56M. Reported net income was $5M.
How have Trustees of IBEW Local No. 573 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of IBEW Local No. 573 Pension Plan's sponsor-wide assets grew 20.3%, from $51M to $61M.
Where does IBEW Local 573 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 573 Pension 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 Defined Benefit (Pension) plans are similar in size to IBEW Local 573 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sumitomo Machinery Corporation of America Pension Plan in VA ($56M, 371 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 573 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Jackson Lewis P.C. Cash Balance Plan II in NY (308 participants, $30M 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 346570323.

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.