Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of IBEW Local 716 Pension Plan Pension Plan

Data updated 2026-08-25

$201M
Total assets Near avg plan size
1,947
Participants Near avg headcount
95th
Percentile by assets National rank
$103,112
Avg per participant Below avg balance/head
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Official DOL plan name: IBEW Local 716 Pension Plan · Sponsored by Board of Trustees of IBEW Local 716 Pension Plan · Texas · Construction

$201M in assets, 1,947 participants

Board of Trustees of IBEW Local 716 Pension Plan's IBEW Local 716 Pension Plan reported $201M in total assets and 1,947 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.

  • #8,468 in Construction (9,030 peers)

Coverage in Texas

IBEW Local 716 Pension Plan covers 1,947 participants in Texas, 2.8x the typical Texas plan (state average ~688 per filing). Assets: $201M.

#8,468
in Construction (9,030 peers)
+13.6%
assets growth YoY
2.0×
vs typical plan assets (national mean)

IBEW Local 716 Pension Plan's outsized position by total assets

IBEW Local 716 Pension Plan vs every filed plan by assets

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

$200,759,313 Top 5% higher than 95% 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 716 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. IBEW Local 716 Pension Plan lands in the large band (1,947 participants).

EBSA filing schedule strip

Filing strip 746174676 · Board of Trustees of IBEW Local 716 Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local 716 Pension Plan · $201M · 1,947 · 95th

  • BOY $201M
  • SCH 1,947
  • EBSA 95th
  • PART Defined Benefit (Pension)
  • TYPE near Rochester Laborers Pension Fund
  • NET ind #8468

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 Texas →

IBEW Local 716 Pension Plan in the asset neighbourhood

Pension Plan for Employees of Broadcast Music IncPension Plan for Employees o…$201MEvergy, Inc. Joint Trusteed Retirement PlanEvergy, Inc. Joint Trusteed …$201MRochester Laborers Pension FundRochester Laborers Pension F…$201MIBEW Local 716 Pension Plan$201MMaster Lock Pension Plan$201M
End-of-year total assets ($M) among IBEW Local 716 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$177M
Net Assets (End of Year)$201M
Net Income$24M
Employer EIN746174676
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of IBEW Local 716 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of IBEW Local 716 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$221M 10.054294218470453% vs 2023
2024 filing year
$190M$200M$210M$220M$230M 20232024 $201M $221M ▲ +10.1%
Year Plans Participants Total Assets
2023 1 1,947 $201M
2024 1 2,138 $221M

Nearby Defined Benefit (Pension) Plans in Texas

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

IBEW Local 716 Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants IBEW Local 716 Pension Plan, Total assets ($B): 0.200759313 · Participants: 1947IBEW Local 716 Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
IBEW Local 716 Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare IBEW Local 716 Pension Plan side-by-side with 3 peers →

IBEW Local 716 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is Rochester Laborers Pension Fund in NY ($201M); by covered participants it is New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees in MN (1,946 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($201M here).

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 716 Pension Plan assets move in 2023? ▼
IBEW Local 716 Pension Plan grew at a solid clip - up 13.6% during 2023, from $177M to $201M. Reported net income was $24M.
How have Board of Trustees of IBEW Local 716 Pension Plan plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Board of Trustees of IBEW Local 716 Pension Plan's sponsor-wide assets grew 10.1%, from $201M to $221M.
Where does IBEW Local 716 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 716 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 IBEW Local 716 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Rochester Laborers Pension Fund in NY ($201M, 570 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 716 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees in MN (1,946 participants, $919M 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 746174676.

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.