Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Joint Pension Fund Local 456 Pension Plan

Data updated 2026-08-25

$276M
Total assets Near avg plan size
766
Participants Near avg headcount
96th
Percentile by assets National rank
$360,412
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local 456 Pension Plan · Sponsored by IBEW Joint Pension Fund Local 456 · New Jersey · Construction

$276M in assets, 766 participants

IBEW Joint Pension Fund Local 456's I.B.E.W. Local 456 Pension Plan reported $276M in total assets and 766 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,587 in Construction (9,030 peers)

Where I.B.E.W. Local 456 Pension Plan sits by assets

I.B.E.W. Local 456 Pension Plan sits in the top 5% of all filed plans by assets, $276M for 766 participants (~$360,412/participant), up 13.0% in 2023.

#8,587
in Construction (9,030 peers)
+13.0%
assets growth YoY
2.8×
vs typical plan assets (national mean)

I.B.E.W. Local 456 Pension Plan's outsized position by total assets

I.B.E.W. Local 456 Pension Plan vs every filed plan by assets

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

$276,075,910 Top 4% higher than 96% 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

I.B.E.W. Local 456 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. I.B.E.W. Local 456 Pension Plan sits mid-pack in the medium band (766 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local 456 Pension Plan reported net income rose from -$43M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • I.B.E.W. Local 456 Pension Plan end-of-year assets rose from $244M in the plan year 2022 filing to $276M in the plan year 2023 filing.
  • I.B.E.W. Local 456 Pension Plan reported participants fell from 807 in the plan year 2022 filing to 766 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 226238995 · IBEW Joint Pension Fund Local 456 PY 2023 · Defined Benefit (Pension)

I.B.E.W. Local 456 Pension Plan · $276M · 766 · 96th

  • PART $276M
  • TYPE 766
  • NET 96th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Massachusetts Service Employees Pension Plan
  • BOY ind #8587

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 →

I.B.E.W. Local 456 Pension Plan in the asset neighbourhood

Pernod Ricard USA, LLC Employees' Retirement PlanPernod Ricard USA, LLC Emplo…$276MHenkel of America Retirement PlanHenkel of America Retirement…$276MI.B.E.W. Local 456 Pension PlanI.B.E.W. Local 456 Pension P…$276MMassachusetts Service Employees Pension PlanMassachusetts Service Employ…$276MAkin Gump Strauss Hauer & Feld Partners' Retirement PlanAkin Gump Strauss Hauer & Fe…$276M
End-of-year total assets ($M) among I.B.E.W. Local 456 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$244M
Net Assets (End of Year)$273M
Net Income$30M
Employer EIN226238995
Plan Effective Date1956-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Joint Pension Fund Local 456)

Sponsor-wide plan assets over time

All IBEW Joint Pension Fund Local 456 plans reported in each filing year

Latest sponsor-wide plan assets
$302M 23.539304445918454% vs 2022
2024 filing year
$220M$240M$260M$280M$300M$320M 202220232024 $244M $302M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 807 $244M
2023 1 766 $276M
2024 1 794 $302M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants I.B.E.W. Local 456 Pension Plan, Total assets ($B): 0.27607591 · Participants: 766I.B.E.W. Local 456 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
I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local 456 Pension Plan side-by-side with 3 peers →

I.B.E.W. Local 456 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 Massachusetts Service Employees Pension Plan in MA ($276M); by covered participants it is Roofers Union Local 30 Combined Pension Fund in MI (769 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (766 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 I.B.E.W. Local 456 Pension Plan assets move in 2023? ▼
I.B.E.W. Local 456 Pension Plan grew at a solid clip - up 13.0% during 2023, from $244M to $276M. Reported net income was $30M.
How have IBEW Joint Pension Fund Local 456 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Joint Pension Fund Local 456's sponsor-wide assets grew 23.5%, from $244M to $302M.
Where does I.B.E.W. Local 456 Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 456 Pension Plan ranks in the 96th 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 I.B.E.W. Local 456 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Massachusetts Service Employees Pension Plan in MA ($276M, 12,718 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local 456 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Roofers Union Local 30 Combined Pension Fund in MI (769 participants, $157M 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 226238995.

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.